With waterviews and a location in the heart of downtown Chincoteague, this unique property offers incredible potential for both residential and commercial use! Recently completely remodeled! Enjoy waterviews and the convenience of being just steps from downtown shops, restaurants, and attractions. With multiple entrances and separate spaces, this property is ideal for those looking to live and work from home, operate a small business, or create a flexible mixed-use setup. Rich in character, the home features original hardware, two enclosed porches, updated bathrooms and laundry areas, Pella and CertainTeed windows, and some newer luxury vinyl plank flooring. Recent improvements include a reinforced foundation and new electrical service, providing peace of mind while preserving the property’s historic charm. A rare find on Chincoteague Island, this is one of the few homes offering a basement. The detached outbuilding, formerly used as a guest suite, provides additional storage space and endless possibilities for future use. Public sewer service is expected to become available in January, with connection opportunities potentially available. Whether you’re searching for a home, business location, investment property, or a combination of all three, this downtown gem offers endless possibilities in a prime island location!