S Main St, Chincoteague Island, VA, 23336

S Main St Chincoteague Island, VA 23336

S Main St, Chincoteague Island, VA, 23336
S Main St, Chincoteague Island, VA, 23336 S Main St, Chincoteague Island, VA, 23336
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,200,000
Last Verified:
Sep 19, 2024

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Highlights

  • Waterfront Development Opportunity
  • Competitively Priced
  • Rapidly Expanding Growth Area

Description

Located along Chincoteague Island's famous waterfront, this development opportunity offers myriad uses! Access to City amenities and infrastructure is available. A tourist destination, Chincoteague Island represents opportunity for lucrative returns and long-term value as adjacent markets continue to develop and expand, welcoming regional, national, and international businesses. Seize the chance to capitalize on the allure of Chincoteague Island and position yourself for success in this dynamic real estate market.

From Route 13 South turn left onto VA-175E/Chincoteague Road. Follow Chincoteague Road to Main Street. Follow Main Street South. The property is located on the right along the waterfront.

Building Size: 0sq ft
Lot Size: 2.54 acres

Map of S Main St, Chincoteague Island, VA, 23336

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.