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$ 1,900,000
Est. payment | /mo
9,072 SqFt
$ 1,900,000
Est. payment | /mo
9,072 SqFt
Key Details
Property Type Commercial
Sub Type Office,Business,Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,072 sqft
Price per Sqft $209
Subdivision Chincoteague
MLS Listing ID 65438
Year Built 1980
Lot Size 0.950 Acres
Lot Dimensions 41382
Property Sub-Type Office,Business,Commercial
Property Description
Exceptional Investment Opportunity! Discover The Reef Hotel, a boutique hotel on beautiful Chincoteague Island, VA- 1 mile from one of the most visited National Parks in the Country. This well-maintained hotel features 12 spacious villas & 2 charming guest cottages, offering a total of 14 income-generating accommodations. Guests can enjoy an indoor heated swimming pool, allowing the property year-round revenue. Ideally situated 1 mile from the National Wildlife Refuge & the pristine Assateague beaches, the property is centrally located on Maddox Blvd & all the Island's attractions. This is an outstanding opportunity for investors seeking an established & thriving hospitality business in a sought-after vacation destination. Don't miss out on this rare chance to own a premier property!
Location
State VA
Interior
Heating Electric, Forced Air
Flooring Concrete Structural
Exterior
Parking Features 11+ Spaces
Waterfront Description Water Access,Seaside,Access To Water
Roof Type Wood Joists,Composition
Building
Lot Description Central Business Area, .5-.9 acre +/-
Sewer Septic Tank
Others
Listed by Coastal Shore Real Estate - Chincoteague
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Letecia Jones
Agent License ID: 0225102269