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    18754 Northumberland Hwy Reedville, VA 22539

    For Sale
    $675,000

    20-Room Motel, 3.6 Acres, Turnkey

    Property size:
    156,816 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    Exceptional investment opportunity: a 20-room motel in Reedville, VA, boasting a manager's suite and situated on a 3.6-acre B1-zoned lot. An adjacent 2.198-acre parcel is included. This turnkey operation benefits from its prime location near the proposed Chesapeake Bay ferry, ensuring high occupancy rates. The motel caters to a diverse clientele, including fishing groups, construction crews, tourists visiting Reedville and Tangier Island, and local residents. Recent upgrades include a new water filtration system and tankless water heaters (2024), a new roof and well pump (2023), and a new washer and dryer (2023). All 20 rooms feature new flooring, fresh paint, updated vanities, and eight rooms have new PTAC (HVAC) units. Each room is equipped with a TV, desk, microwave, mini-refrigerator, vanity, lounging chair, and free Wi-Fi with DirecTV. With the nearest lodging options over 19 miles away, this motel enjoys a significant competitive advantage. Its proximity to the Reedville ferry terminal, Buzzard Point Marina, and local attractions further enhances its appeal. This property presents a strong investment with considerable growth potential due to its upgraded amenities, strategic location, and consistent guest base. The motel's 156,816 square feet offers ample space for guests and operations. This is a rare opportunity to acquire a well-maintained and profitable hospitality business in a thriving area.

    Property Features for 18754 Northumberland Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    156,816 SF
    Lot Size
    156,816 SF

    Building Details

    Year Built
    1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bay Motel Motel

    Suggested Use

    Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reedville
    County
    NORTHUMBERLAND
    State
    Virginia
    Longitude
    -76.29171
    Latitude
    37.86245

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    FAQs

    What type of property is this?
    Commercial real estate - 20-Room Motel, 3.6 Acres, Turnkey
    Where is this commercial real estate located?
    The property is located at 18754 Northumberland Hwy Reedville, VA.
    What is the asking price?
    The asking price for this property is $675,000.
    (703) 562-1800
    Request Owner's contact information
    18754 Northumberland Hwy Reedville, VA 22539
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    Reedville, VA 22539
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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
    18754 Northumberland Hwy Reedville, VA 22539
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