For Sale
$997,000

4327 Katsetos LnChincoteague, VA 23336

Coastal VA Motel, 8 Cottages, Pool

Overview

Added:
Dec 11, 2024
Days on market:
115
This 5,608 square foot motel in Chincoteague, VA, presents a compelling investment opportunity. Built in 2002, the property consists of eight turnkey cottages, each approximately 576 square feet, featuring an open-plan kitchen/living room, full bath, one bedroom, and a bonus room currently used as a second bedroom. Each cottage sits on a block foundation with central heating and air conditioning. A large rear building offers potential for conversion into an office, laundry room, storage space, breakfast area, or retail shop with some renovations. The property also boasts a swimming pool with decking, paved U-shaped driveway, picnic tables, and numerous fruit trees (figs, apples, chestnuts). The property sits on a 0.74-acre lot and includes 11 parking spaces. Utilities include public water and a septic system. The building features frame and block exterior construction, vinyl tile and carpet flooring, and a composition roof. Financial details are available upon request with a signed confidentiality agreement. All sizes are approximate. The property is zoned commercial and is located one street from a major commercial boulevard. This is a rare opportunity to own a thriving coastal business.

Highlights

  • 8-unit motel, 5,608 SF, on 0.74-acre lot in Chincoteague, VA.
  • Built in 2002, features eight turnkey cottages (approx. 576 SF each), each with kitchen/living room, full bath, bedroom, and bonus room.
  • Large rear building offers expansion potential (office, laundry, storage, etc.).
  • Public water, septic system.
  • Amenities include swimming pool, paved driveway, parking (11 spaces), and landscaping.
  • Frame and block construction, vinyl tile and carpet flooring, composition roof.

Property Details for 4327 Katsetos Ln

Property type
Retail properties, Hospitality properties
Square Feet
5,608 SF
Year Built
2002
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Chincoteague
County
Accomack
State
Virginia
Latitude
37.937073
Longitude
-75.367294
4327 Katsetos Ln, Chincoteague, Virginia

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4327 Katsetos Ln
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