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Maddox Inn 6151 Maddox Blvd 23 Room Hotel Chincoteague, VA 23336 $1,800,000 ($78,261/Room)
Investment Highlights
- Steady Tourisim demand, repeat guests
- Located within a mile of downtown and Maui Jack's Waterpark, approx 5 miles from Assateague Beach and NASA visitor center
- One of the islands favorite bakeries with fresh coffee next door
Executive Summary
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).
Property Facts
| Price | $1,800,000 | Building Size | 10,872 SF |
| Price Per Room | $78,261 | No. Rooms | 23 |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1970/2011 |
| Property Type | Hospitality | Parking Ratio | 0.96/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.07 AC | ||
| Zoning | C-3 | ||
| Price | $1,800,000 |
| Price Per Room | $78,261 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.07 AC |
| Building Size | 10,872 SF |
| No. Rooms | 23 |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2011 |
| Parking Ratio | 0.96/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-3 |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
About 6151 MADDOX BLVD , CHINCOTEAGUE, VA 23336
Hotel/Motel, City street paved road, freestanding local business area, public water, owner occupancy or on site management, stand alone cottage, pool area with seating and umbrellas, guest outside chairs.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 23 | $65.00 | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $683,100 | |
| Land Assessment | $635,600 | Total Assessment | $1,318,700 |
Property Taxes
Parcel Numbers
Land Assessment
$635,600
Improvements Assessment
$683,100
Total Assessment
$1,318,700
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Maddox Inn | 6151 Maddox Blvd
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