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Clements Building 59 Market St 6,192 SF Retail Building Onancock, VA 23417 $600,000 ($96.90/SF)
EXECUTIVE SUMMARY
Commercial & Residential Opportunity Downtown Business, 6,000 sq feet! built 1942,steel beam, brick, block construction, 1st fl 3,000 sq ft w 2 offices, separate entrances & separate heat/AC, handicapped access, freight elevator,3 phase serv,2 half baths - let your entrepreneurial spirit take flight! enjoy income from a 2nd office space! 2nd fl 3,000 sq ft. unfinished w rt of ownership to construct & half bath.This is your chance to craft a living space(s) so unique! Endless, vibrant possibilities!!! see attached for specifics. The owner has an on going business that they are willing to sell. Terms and conditions can be decussed later
TAXES & OPERATING EXPENSES (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$5,046,728
|
$815.04
|
| Operating Expenses |
$2,523,426
|
$407.53
|
| Total Expenses |
$7,570,153
|
$1,222.57
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025)
| Taxes | |
|---|---|
| Annual | $5,046,728 |
| Annual Per SF | $815.04 |
| Operating Expenses | |
|---|---|
| Annual | $2,523,426 |
| Annual Per SF | $407.53 |
| Total Expenses | |
|---|---|
| Annual | $7,570,153 |
| Annual Per SF | $1,222.57 |
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,192 SF
Building Class
C
Year Built/Renovated
1940/2000
Price
$600,000
Price Per SF
$96.90
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.44
Lot Size
0.10 AC
Frontage
53’ on Market St
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 085-A2-A0-00-0283-00 | Total Assessment | $168,400 |
| Land Assessment | $45,000 | Annual Taxes | $5,046,728 ($815.04/SF) |
| Improvements Assessment | $123,400 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
085-A2-A0-00-0283-00
Land Assessment
$45,000
Improvements Assessment
$123,400
Total Assessment
$168,400
Annual Taxes
$5,046,728 ($815.04/SF)
Tax Year
2025 Payable 2025
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Clements Building | 59 Market St
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