Two properties, multiple possibilities! This unique offering in Wallops Island includes a residential cottage and a separate building currently operating as a hair salon, situated on two adjoining lots and being sold together. The residential cottage is occupied by a long-term tenant paying $600 per month, providing an existing source of rental income. The adjoining salon offers a flexible floor plan with multiple rooms, a kitchenette, full bathroom, utility area, and a spacious sunroom filled with natural light. Interior features include ceramic tile flooring and updated sunroom windows, while the roof shingles were replaced approximately 2018. Its layout offers potential for conversion to residential living space, subject to applicable approvals. Multiple storage sheds provide additional space for tools, equipment, and other storage needs. The property has been surveyed, with drawings available, and the shared wastewater system includes a drain field installed approximately 2010 and an on-site pumping station. Whether you're looking for an investment property, a combination of home and business space, or the opportunity to explore additional residential uses, this property offers plenty of possibilities. Conveniently located along Atlantic Road near Royal Farms, Route 13, and Chincoteague Island. Both properties convey together.