Waterfront Hotel with Marina
For Sale
$1,250,000
700 Norris Harbor Drive, Crisfield, MD 21817
Waterfront hotel property with in-ground pool and marina-facing guest room views for hospitality investors.
Property SizeContact for details
Lot Size2.47 Acres
Days on Market542
Property Features for 700 Norris Harbor Drive
General Information
Standard status
Active
Lot size
2.47 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
1979
Listing Agency:
LAIRD & ASSOCIATES
(443) 880-5730
Listed By:
Melissa Laird · License #6315
(301) 843-5100
Source:
Ournexthouse
Added: Feb 28, 2025
Changed: Aug 23
Last Checked: Aug 24 at 5:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LAIRD & ASSOCIATES
Investment Insights
Based on property information with market context.
This waterfront hotel features 38 guest rooms and multiple recent upgrades, including renovations to the pool completed two years ago. The property includes water-view accommodations and has undergone updates such as knock-down painting across rooms. Eighteen rooms have been updated with new floors and walk-in showers. Additional building improvements include new siding on the front and new composite decking. In 2020, the lobby was extended and a four-bedroom apartment/home was added over the lobby for the on-site owners or managers.
The hotel sits on a 2.47-acre site and is adjacent to Somers Cove Marina, providing harbor and marina views from the property. The offering is described as the only water-front guest lodging in Crisfield, Maryland, with Somers Cove Marina views referenced throughout the guest room descriptions.
From an operator or buyer standpoint, the asset provides a ready-to-run hospitality layout with dedicated owner/manager living space above the lobby, along with on-site recreation via the in-ground pool. The property also includes context that it became a Choice Hotel (formerly Rodeway Inn) as noted in the remarks. The transaction is for sale, with a 50-year ground lease listed at $3,000 per year and a 25-year renewal option included in the provided information.
The hotel sits on a 2.47-acre site and is adjacent to Somers Cove Marina, providing harbor and marina views from the property. The offering is described as the only water-front guest lodging in Crisfield, Maryland, with Somers Cove Marina views referenced throughout the guest room descriptions.
From an operator or buyer standpoint, the asset provides a ready-to-run hospitality layout with dedicated owner/manager living space above the lobby, along with on-site recreation via the in-ground pool. The property also includes context that it became a Choice Hotel (formerly Rodeway Inn) as noted in the remarks. The transaction is for sale, with a 50-year ground lease listed at $3,000 per year and a 25-year renewal option included in the provided information.
Key Highlights
- 38‑room waterfront hotel adjacent to Somers Cove Marina in Crisfield, MD
- 2.47‑acre site with harbor and marina views plus in‑ground pool
- Pool renovated about 2 years ago; new siding on the front of the building
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 21817, MD
4,825
Population
2,511
Households
1.9
Avg Household Size
46
Median Age
22%
College-Educated
88%
High-School Grad
14.5 sq mi
ZIP Area
333
Density / Sq Mi
$53,139
Median Household Income
$32,051
Median Earnings
$729
Median Rent
$159,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Waterfront hotel property with in-ground pool and marina-facing guest room views for hospitality investors.
Where is this hotel located?
The property is located at 700 Norris Harbor Drive Crisfield, MD.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 38‑room waterfront hotel adjacent to Somers Cove Marina in Crisfield, MD; 2.47‑acre site with harbor and marina views plus in‑ground pool; Pool renovated about 2 years ago; new siding on the front of the building
