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    4327* Katsetos Ln Chincoteague, VA 23336

    For Sale
    $975,000

    Commercial - CHINCOTEAGUE, VA

    Property size:
    5,608 SF
    Days on Market:
    88
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 4327* Katsetos Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Interior features
    Fixtures/Furniture
    Exterior features
    Additional Building
    Size
    5,608 SF

    Utilities

    Heating system
    Electric (Heating), Forced Air, See Remarks (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2002
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Block, Frame
    Roof type
    Composition
    Architectural style
    Other

    DOCKSIDE PROPERTIES (757) 336-3200

    Listing agent Lynne Ballerini (757) 336-3200

    Listing date Sep 9, 2025

    MLS# 63935 Listing URL

    Copyright © 2025 Eastern Shore Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Chincoteague Cottages For Sale

    Steve's Cottages, established in 2002, presents an investment opportunity. The property features eight turn-key cottages, each measuring 576 square feet. Each cottage includes an open-space kitchen and living room, a full bathroom, and one bedroom with a bonus room currently configured as a second bedroom. The cottages are constructed on block foundations and equipped with both heating and air conditioning. A large building situated at the rear of the property offers potential for conversion into an office, laundry room, storage area, breakfast space, or retail shop, subject to improvements. Guests can enjoy a pool with decking, as well as picnic tables and various fruit trees, including figs, apples, and chestnuts. The property includes a paved U-shaped driveway. The property is located one street over from a primary commercial boulevard. The total property size is approximately 5608 square feet. The intended use of the property is as a hospitality business. Be a business owner this summer!
    Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Chincoteague
    County
    Accomack
    State
    Virginia
    Longitude
    -75.3215
    Latitude
    37.9393

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    FAQs

    What type of property is this?
    Hotel - Eight cottages with potential for office, laundry, or retail space.
    Where is this hotel located?
    The property is located at 4327* Katsetos Ln Chincoteague, VA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Eight turn-key cottages, providing immediate rental income potential.; - Prime location near a primary commercial boulevard.; - Additional building suitable for office, laundry, storage, or retail space.
    (757) 336-3200
    Request Owner's contact information
    4327* Katsetos Ln Chincoteague, VA 23336
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4327* Katsetos Ln Chincoteague, VA 23336
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