List Price:
$1,800,000
Farm:
No
Zoning:
County:
Accomack
Town:
CHINCOTEAGUE
Waterfront:
NON-WATER
Water Frontage (Feet) +/-:
Water View-Wide Long Limited:
Year Built +/-:
1980
SqFt +/-:
4053
# Restrooms:
Lot Size +/-:
1.07
Current Use:
Hotel/Motel
Exterior:
Brick
Heating System:
Electric Baseboard, Electric Heating, Heat Pump(s)
Cooling System:
Window Unit(s), Wall Unit(s), Heat Pump
Water:
Public
Access:
City Street, Paved Road
Floors:
Vinyl Tile, Carpet, Vinyl/Asphalt/Tile
Roof System:
Wood Joists, Composition
Location:
Freestanding, Central Business Area
Parking:
11+ Spaces, Unpaved
C&I Features:
Security System, Partially Fenced, Fixtures/Furniture
Miscellaneous:
220 Volts, Inventory Included, Recreation Facilities, Living Space Available, Reception Area
Address (911 if Available):
MADDOX BLVD
Acreage:
1-1.9 acres +/-
Subdivision or Area:
CHINCOTEAGUE
Property Type:
Commercial
Zip Code:
23336
Allow AVM:
No
Allow Comments:
No
MLS Number:
65669
Property Status:
A
Listing Office:
DOCKSIDE PROPERTIES (#:12)
Listing Agent:
Benjamin Clark (#:71)
Public Remarks:
Prime investment opportunity in a highly visible location at the entrance to Chincoteague Island. The Maddox Inn offers up to 26 guest accommodations, including twenty-four rooms, recently remodeled standalone cottage, and small trailer, allowing multiple room types and flexible rental options. Select guest rooms feature jacuzzi tubs! Main building has space suitable for owner occupancy or on-site management for efficient operations. One of the islands favorite bakeries is next door, offering easy access to quality pastries and coffee for guests. Located within a mile of downtown and Maui Jacks Water Park, and approx. five miles from Assateague Beach and the NASA visitor Center, the property is well positioned to benefit from steady tourism demand and repeat guests.
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