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Oceanfront 60-Unit Hotel
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2201 Atlantic Ave, Virginia Beach, VA 23451

Oceanfront 60-unit hotel along Virginia Beach Oceanfront with walkable access to the beach, Boardwalk, and local dining.

Days on Market2

Property Features for 2201 Atlantic Ave

General Information

Standard status Active
Property subtype Hotel-Motel

Amenities

Rare opportunity to acquire Oceanfront real in the heart of Virginia Beach
Steps from the Boardwalk, dining, nightlife, and attractions
Current ownership completed over $1M of capital improvements from 2022-2024
Positioned within a market welcoming 14.3 million visitors each year
Strategically located in the nation's largest concentration of military personnel

Building Details

Year Built 1972
Listing Agency:
Listed By: Jack Davis · License #License(s): SC: 92795, NC: LC896
Source: Marcusmillichap
Added: Jul 30 Changed: Jul 31 Last Checked: Jul 31 at 7:16AM

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 Jack Davis

Investment Insights

Based on property information with market context.

Offered for sale is the MarjacSuites, a 60-unit oceanfront hospitality property positioned along the Virginia Beach Oceanfront. The asset’s configuration supports guest access to nearby coastal and entertainment destinations, with walkable proximity described to the beach and Boardwalk, as well as restaurants, nightlife, retail, and entertainment venues.

Located at 2201 Atlantic Ave, Virginia Beach, VA 23451, the property is within Virginia Beach’s premier tourism district. The remarks cite 14.3 million visitors in 2024 and $3.9 billion in tourism-related economic impact, with demand supported by a mix that includes leisure, convention, sports, military, and corporate activity.

Built in 1972, the property offers a hospitality platform in a high-visibility oceanfront market where year-round visitation is described as benefiting from major local draw points, including the Virginia Beach Convention Center and nationally recognized sporting events.

Key Highlights

  • 60‑unit oceanfront hospitality property along the Virginia Beach Oceanfront
  • Walkable access to the beach and Boardwalk, plus nearby restaurants, nightlife, retail, and entertainment
  • 2201 Atlantic Ave, Virginia Beach, VA 23451

Property Analytics

Current Use

Marjac Suites Hotel & Motel

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Electrical Service Building Supply HVAC Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,540
Businesses Nearby

Demographics for 23451, VA

44,879
Population
24,897
Households
1.8
Avg Household Size
41
Median Age
57%
College-Educated
97%
High-School Grad
19.8 sq mi
ZIP Area
2,267
Density / Sq Mi
$97,945
Median Household Income
$57,472
Median Earnings
$1,697
Median Rent
$591,300
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Oceanfront 60-unit hotel along Virginia Beach Oceanfront with walkable access to the beach, Boardwalk, and local dining.
Where is this hotel located?
The property is located at 2201 Atlantic Ave Virginia Beach, VA.
What are key features of this property?
This property features: 60‑unit oceanfront hospitality property along the Virginia Beach Oceanfront; Walkable access to the beach and Boardwalk, plus nearby restaurants, nightlife, retail, and entertainment; 2201 Atlantic Ave, Virginia Beach, VA 23451
More about this property
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