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17 Atlantic Ave
Wachapreague, VA 23480
Retail Property For Sale
Investment Highlights
- 196-seat waterfront restaurant with indoor and outdoor dining areas
- Waterfront location on the Wachapreague Channel with access to the Atlantic Ocean
- Approximately $2M invested in upgrades and property improvements
- 16-slip marina with fuel service and boat pump-out station
- 360± SF tackle shop and additional marina-related amenities
Executive Summary
The former Island House Restaurant is a premier waterfront restaurant and marina property located along the Wachapreague Channel on Virginia’s Eastern Shore. The property features a 10,378± square foot restaurant building positioned on 0.87± acres of commercially zoned waterfront land with both road and water access. The facility includes expansive dining areas, a full-service bar, banquet space, commercial kitchen, and outdoor decks overlooking the water. A marina and boating amenities make the property a destination for both locals and visitors traveling by land or boat. Significant capital improvements have been completed over the past 15 years, enhancing both the restaurant facility and waterfront infrastructure.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,378 SF
Building Class
C
Year Built
1979
Price
$2,800,000
Price Per SF
$269.80
Tenancy
Single
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.87 AC
Amenities
- Signage
Property Taxes
| Parcel Number | 113-A0-A0-00-0208-00 | Improvements Assessment | $428,800 |
| Land Assessment | $189,000 | Total Assessment | $617,800 |
Property Taxes
Parcel Number
113-A0-A0-00-0208-00
Land Assessment
$189,000
Improvements Assessment
$428,800
Total Assessment
$617,800
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