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32438032
32438031

17 Atlantic Ave., Wachapreague, VA 06340-8802

Divaris Real Estate Inc
Listed by Divaris Real Estate Inc
$2,800,000
5 days on market
Updated 5 days ago

Island House Restaurant

Details
Property Type Retail, Hospitality
Sub Type Restaurant
Square Footage 10,378
Tenancy Single
Acreage 0.870

Retail | 10,378 SqFt

Marketing description

Island House Restaurant stands as a premier waterfront destination and a cornerstone of Wachapreague's coastal economy. Located along the scenic Wachapreague Channel on Virginia's Eastern Shore, this landmark property is anchored by a 10,378± square foot facility positioned on 0.87± acres of prime, commercially zoned waterfront land. With dual access via both road and water, the site serves as a high-visibility "growth node" for the region's hospitality sector, offering an expansive infrastructure designed to handle high-volume dining and professional event hosting.

The centerpiece of the offering is a sophisticated, multifunctional restaurant building featuring expansive indoor dining areas, a full-service bar, and dedicated banquet space. Complementing the interior is a high-performance commercial kitchen and sprawling outdoor decks that overlook the channel, creating a "built-in" draw for both locals and coastal tourists. Over the past 15 years, significant capital improvements have been completed, meticulously enhancing both the restaurant facility and the critical waterfront infrastructure to ensure long-term operational excellence.

Beyond the restaurant, a robust integrated marina and boating component makes the property a true transit-oriented destination. This strategic amenity ensures a captive audience of maritime travelers and seasonal visitors, providing a reliable consumer pipeline that complements steady local foot traffic. With limited deep-water competition and a prime position on the Wachapreague Channel, the Island House offers a rare opportunity to secure a foothold in one of the Eastern Shore's most active and scenic development corridors.

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.

Investment highlights

  • Premier Waterfront Infrastructure: A landmark 10,378± SF restaurant facility situated on 0.87± acres of commercially zoned land, featuring a high-capacity 196-seat layout with expansive indoor dining, a full-service bar, and scenic outdoor decks overlooking the Wachapreague Channel.
  • Comprehensive Marina Operations: A robust maritime “service node” featuring a 16-slip marina equipped with a fuel service station, boat pump-out facilities, and a dedicated 360± SF tackle shop, providing a reliable consumer pipeline of boaters and Atlantic-bound travelers
  • Strategic Atlantic Access: Ideally positioned as a destination for both land and sea, the property offers rare dual-access with a direct deep-water connection to the Atlantic Ocean, ensuring consistent traffic from local residents and regional maritime tourists.
  • Significant Capital Reinvestment: Over $2 million in recent upgrades and property improvements completed over the last 15 years, enhancing both the high-volume commercial kitchen and the critical waterfront infrastructure for longterm operational excellence.
  • 196-seat waterfront restaurant with indoor and outdoor dining areas
  • 16-slip marina with fuel service and boat pump-out station
  • Waterfront location on the Wachapreague Channel with access to the Atlantic Ocean
  • 360± SF tackle shop and additional marina-related amenities
  • Approximately $2M invested in upgrades and property improvements

Listing Contacts

Divaris Real Estate Inc
Listed by Divaris Real Estate Inc

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