6151 Maddox Blvd - Hospitality FOR SALE


Chincoteague, VA 23336
$1,800,000 USD
757-336-3200
6151 Maddox Blvd, Chincoteague, VA for Sale
$1,800,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

6151 Maddox Blvd
Chincoteague, VA 23336


HIGHLIGHTS

  • Steady Tourisim demand, repeat guests
  • One of the islands favorite bakeries with fresh coffee next door
  • Located within a mile of downtown and Maui Jack's Waterpark, approx 5 miles from Assateague Beach and NASA visitor center

OVERVIEW

Prime investment opportunity in a highly visible location at the entrance to Chincoteague Island. The Maddox Inn offers up to 26 guest accommodations, including 24 rooms, recently remodeled standalone cottage and small trailer allowing multiple room types and flexible rental options. Main building has space available for owner occupancy or on-site management for efficient operations. This property is well positioned to benefit from steady tourism demand and repeat guests. 11+ plus parking spaces unpaved. Inventory is included, recreational facilities, security system and is partially fenced. The cooling system is window and wall units, heat pump. Heating is electric baseboard, electric heating and heat pump(s).

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$166 USD /SF

# OF ROOMS

23

PRICE/ROOM

$78,261 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maddox Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,593 SF

ZONING

C-3

APN/PARCEL ID

030-A5-02-00-0001-A0,030-A5-03-00-0037-00

ASK ABOUT THIS PROPERTY

Patty VamvasDockside PropertiesMore Info
757-336-3200

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Patty VamvasDockside PropertiesMore Info
757-336-3200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.