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🏢 Just listed — Agricultural Land for sale in Cape Charles, VA.

📍 2598 Cherrystone Road, Cape Charles, VA
🏷  Agricultural Land · For Sale
💰 $3.15M

18th Century Waterfront Estate | Subdivided Into Multiple Waterfront Lots

<h2>See OM for potential returns on development. Plats are available with perc sites and proposed well locations. </h2>

Full financials, photos, and broker contact:
https://commrty.com/property/virginia/cape-charles/2598-cherrystone-road-2603161-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=2598-cherrystone-road-2603161

#CapeCharles #Land #CommercialRealEstate #CRE #Investment

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Home/VA/Cape Charles

2598 Cherrystone Road

Cape Charles, VA 23310

Asking Price

$3.15M

Asset Type

Agricultural Land

Class

Class B

What's Special

18th Century Waterfront Estate | Subdivided Into Multiple Waterfront Lots <h2>See OM for potential returns on development. Plats are available with perc sites and proposed well locations. </h2>

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

2.54%

DSCR

0.43

Underwater

Cash-on-Cash

-11.32%

Monthly Payment

$15,584.481

Annual Cash Flow

$-107,013.776

Location & Travel Times

Similar Properties Nearby

📍

$3.15M

Class B

2598 Cherrystone Road, Cape Charles, VA 23310

Listed by Owner · For Sale