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Kilmarnock Inn 34 E Church St 16 Room Hotel Kilmarnock, VA 22482 $3,200,000 ($200,000/Room) 9.65% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Top Rated B@B and Hotel in all eastern region By Virginia Living
  • Very profitable with a loyal customer base
  • Great walk the Town of Kilmarnock shops, restaurants and town park.

EXECUTIVE SUMMARY

The subject is a bed and breakfast Inn with a full-service restaurant and 16 units located in the small "Main Street" Town of Kilmarnock, Virginia. The area has a myriad of historical and recreational attractions, especially water related (nearby rivers and Chesapeake Bay). The subject is well regarded as one of the premier Inns in the area and has significant repeat business and word of mouth guests.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $3,200,000
Price Per Room $200,000
Sale Type Investment
Cap Rate 9.65%
Sale Condition Business Value Included
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 0.64 AC
Building Size 8,920 SF
No. Rooms 16
No. Stories 2
Year Built/Renovated 1894/2008
Parking Ratio 8.97/1,000 SF
Corridor Interior
Opportunity Zone Yes
Zoning C1 - Commercial C1

AMENITIES

  • Restaurant
  • Wheelchair Accessible
  • On-Site Retail
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Smoke Detector

ABOUT 34 E CHURCH ST , KILMARNOCK, VA 22482

16 rooms and fully serve restaurant

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 4 $267.00 -
Guest Room 12 $200.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23A-32-10K
Land Assessment
$138,800
Improvements Assessment
$794,500
Total Assessment
$933,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
  • Listing ID: 36838295

  • Date on Market: 7/20/2025

  • Last Updated:

  • Address: 34 E Church St, Kilmarnock, VA 22482

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