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Downtown Cape Charles, VA Historic Commercial Property

For Sale

219-225 Mason Ave Cape Charles, VA 23310

$1,500,000

For Sale

Description

Located in the heart of historic Cape Charles, these two buildings are iconic and picturesque of small-town USA. This is truly a one-of-a-kind investment and redevelopment opportunity.

225 Mason Avenue is an 8,000+ SF hardware store that has been in continuous operation for over 100 years, owned/operated by the Watson family for the past five decades. This building is two full levels, with a mezzanine between and a historic freight elevator which is still operational.

Adjoining is 219 Mason Avenue, a 4,000+ SF building which housed the Radium Movie Theatre in the early 1900’s. Today this building includes two retail shops at street level and three small offices upstairs, but most of it is vacant, waiting to be reimagined.

Located on Mason Avenue, in the center of town with views of the harbor, these buildings include  13,000 SF with 80’ of frontage on Mason Avenue. This is a unique opportunity to help define what Cape Charles looks like for the next generation. Potential uses include mixed use with retail downstairs and office or multi-family upstairs. Think grocery, bike shop, offices, boutique market, brewery, distillery, restaurant, art gallery and myriad of other options!

Located in the Cape Charles Historic District (National Register of Historic Places) and in an Opportunity Zone, these properties are ripe for a savvy investor who will enjoy the challenge and reward of historic projects.

– Circa 1910 construction
– Features high ceilings, exposed brick walls, exposed wood trusses and tin ceiling
– Flooring includes tile, wood and concrete
– Views of the Chesapeake Bay
–  8,000 SF combined footprint (each building is approx. 40’ x 100’)
– + 13,000 SF, including 2nd level and mezzanine
– 80’ frontage on Mason Avenue
– Rear alley access
– Located in Opportunity Zone, Historic District, Enterprise Zone and HUB Zone
– Zoned C-1 (commercial)
– Buildings offered for $750,000 each or $1,500,000 together
– Owner financing negotiable

About Cape Charles

Established in 1884 as a planned community by railroad and ferry operators, today the town serves local industry and tourism. Cape Charles owns one of only two public beaches on the eastern shore of Virginia and has a deep-water harbor which is currently undergoing significant improvements, including a new commercial pier which is in development. Bay Creek Resort & Club is a 1,700-acre community, including Arnold Palmer and Jack Nicklaus designed golf courses. Bay Creek is currently undergoing a rebirth of its own with a focus on preservation that highlights the natural features of the bay and creek. Cape Charles is known as retirement and second home community with affluent visitors and property owners who seek out experiential travel and a quintessential small-town lifestyle.