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Miss Molly’s Inn 4141 Main St 6 Room Bed and Breakfast Chincoteague Island, VA 23336 $895,000 ($149,167/Room) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Waterview, Historic Downtown Location
EXECUTIVE SUMMARY
The iconic Chincoteague Island bed & breakfast with a special history -- where Marguerite Henry stayed while while writing "Misty of Chincoteague" Miss Molly's Inn... the island's oldest and a VERY successful B&B! Great waterviews of Chincoteague Channel from the rooms and balconies... Tastefully decorated, offering 7 bedrooms each with its own unique character. Rooms with private baths, rooms with balconies, one with a private porch... Large common parlors, living spaces, dining room, many porches and decks, fireplace plus large courtyard AND lovely rocking chair-laden wraparound front porch! Situated in downtown Chincoteague! Conveys fully furnished, equipped and turn-key. Since recent owners have taken ownership, the income has more than doubled! What a great opportunity to own a piece of Chincoteague history!
PROPERTY FACTS Under Contract
AMENITIES
- Balcony
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $327.00 | - |
| Guest Room | 5 | $232.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 030-A5-A0-00-0407-C0 | Improvements Assessment | $0 |
| Land Assessment | $10,000 | Total Assessment | $10,000 |
PROPERTY TAXES
Parcel Number
030-A5-A0-00-0407-C0
Land Assessment
$10,000
Improvements Assessment
$0
Total Assessment
$10,000
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Miss Molly’s Inn | 4141 Main St
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