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Colonial Square is a well-established, income-producing office and retail complex occupying a commanding position on U.S. Route 13 "” the primary commercial corridor of Virginia's Eastern Shore. Strategically situated in Belle Haven, Accomack County, this 40-unit complex offers an investor a rare opportunity to acquire a large-scale, multi-tenant asset with a diversified and stable rent roll in an underserved and growing coastal market. The property is being offered at a 7.5% cap rate and is 99% occupied - home to tenants including Enterprise Cars, Legal Aid of VA, H&R Block, Sharp Energy, Virginia Game and Fisheries Police Dept, and many more! Long-term owner/developer will leaseback and assist with a smooth transition to new ownership. The subject parcel spans 11.47 acres and encompasses all improvements, comprising approximately 61,498 square feet of gross building area across a single-story, multi-building campus. The property is served by well and septic. The property enjoys frontage on three roadways: Lankford Highway (Route 13), Merry Cat Lane, and King Street, with two dedicated interior roadways "” Arthurs Court and LeCato Road "” providing on-site circulation and access. Ample surface parking (100+ designated spaces) accommodates the property's diverse tenant mix. Capital improvements of over $519,000 have been invested across 2023-2025, reflecting the current owner's commitment to maintaining and enhancing the asset. With consistent improvement year over year, the property is well-positioned for a new owner to benefit from stabilized, below-market rents and a captive, long-tenured tenant base. Interior video: https://canva.link/50jjp99yqp9lv02 Exterior video: https://canva.link/nmcpd7sxzeetbw8 *Rent Roll and additional financials are available to qualified buyers with a signed NDA. Please DO NOT DISTURB tenants! Tours can be scheduled with qualified buyers with submitted LOI*
| DAYS ON MARKET | 0 | LAST UPDATED | 5/18/2026 |
|---|---|---|---|
| YEAR BUILT | 1995 | COUNTY | ACCOMACK |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | ACCOMACK COUNTY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| HEAT | Central, Electric |
| LOT | 11.47 acre(s) |
| PARKING | Parking Lot |
| SEWER | Septic Tank |
| TAXES | 13365 |
| WATER | Well |
| ZONING | General Business District |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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