For Sale
$675,000

18754 Northumberland HwyReedville, VA 22539

Turnkey Motel, 20 Rooms, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a 20-room motel in Reedville, Virginia. Built in 1970 and renovated in 2014, the property boasts a single-story building situated on a generous 3.62-acre lot. The motel includes a manager's suite, adding to its operational convenience. The property's zoning is classified as C, allowing for a variety of potential uses. The asking price is $675,000. This turnkey operation is ideally positioned to benefit from the anticipated increase in tourism associated with the proposed Chesapeake Bay ferry route connecting Reedville, VA to Crisfield, MD. The property's location in the growing Reedville area offers significant potential for future appreciation. The sale includes an adjacent 2.198-acre parcel, providing additional land for expansion or development. This represents a rare opportunity to acquire a well-maintained, established motel in a desirable location with significant growth potential. The property is located at 18754 and 18756 Northumberland Hwy, Reedville, VA 22539. This is a single-story building with a total of 20 guest rooms plus a manager's suite. The property's location offers easy access to the Chesapeake Bay and its many attractions. The combination of a strong existing business and the potential for future growth makes this a compelling investment opportunity.

Highlights

  • $675,000 asking price for this turnkey motel investment opportunity.
  • 20-room motel with manager's suite.
  • Located on 3.62 acres of commercially zoned land in Reedville, VA.
  • Renovated in 2014; built in 1970.
  • Prime location near a proposed Chesapeake Bay ferry route.

Property Details for 18754 Northumberland Hwy

Property type
Hospitality properties, Motels
Year Built/Renovated
1970/2014
Buildings
1
Stories
1
Lot Size (sq. ft)
157,687 SF

Location Insight

City
Reedville
County
Northumberland
State
Virginia
Latitude
37.8624859
Longitude
-76.291792
18754 Northumberland Hwy, Reedville, Virginia

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18754 Northumberland Hwy
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