Eight-Cottage Motel
For Sale
$859,000
4327* KATSETOS LANE, Chincoteague, VA 23336
Commercial Sale, CHINCOTEAGUE, VA
Property Size5,608 SF
Lot Size0.74 Acres
Price / SF$153.17
Days on Market551
Property Features for 4327* KATSETOS LANE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
CHINCOTEAGUE
Directions
Come over the bridge, turn left on Main Street, turn right on Taylor Street, Cottages on left side, see sign
Standard status
Active
APN
30A5-A-75A*
Size
5,608 SF
Lot size
0.74 Acres
Amenities
pool
decking
picnic tables
fruit trees
Building Details
Year built
2002
Listing Agency:
DOCKSIDE PROPERTIES
(757) 336-3200
Listed By:
Lynne Ballerini · License #0225088629
(757) 894-5902
Added: Mar 8, 2025
Changed: Sep 3
Last Checked: Sep 10 at 9:06AM
MLS# 63935
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This motel property comprises eight guest cottages totaling 5,608 square feet. Built in 2002, each 576-square-foot cottage includes an open kitchen and living area, full bathroom, heat, air conditioning, and a block foundation. The cottages are arranged with one bedroom and a bonus room currently configured for two bedrooms. The property is not currently operating as a business.
A separate rear building provides additional space that could accommodate office, laundry, storage, breakfast, or recreation functions; improvements are needed. Guest amenities include a swimming pool with decking, picnic tables, and fruit trees. The site contains 0.74 acres and features a paved U-shaped drive. Located at 4327* Katsetos Lane in Chincoteague, Virginia, the property is zoned Commercial and sits one street from a primary commercial boulevard.
A separate rear building provides additional space that could accommodate office, laundry, storage, breakfast, or recreation functions; improvements are needed. Guest amenities include a swimming pool with decking, picnic tables, and fruit trees. The site contains 0.74 acres and features a paved U-shaped drive. Located at 4327* Katsetos Lane in Chincoteague, Virginia, the property is zoned Commercial and sits one street from a primary commercial boulevard.
Key Highlights
- Eight cottages totaling 5,608 square feet
- Each cottage measures 576 square feet and includes a kitchen/living area, full bath, heat, and A/C
- Cottages built in 2002 on block foundations
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23336, VA
3,345
Population
4,495
Households
0.7
Avg Household Size
56
Median Age
37%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
173
Density / Sq Mi
$63,264
Median Household Income
$28,253
Median Earnings
$1,102
Median Rent
$326,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Motel - Commercially zoned hospitality property with guest cottages, a swimming pool, and a paved circulation drive.
Where is this motel located?
The property is located at 4327* KATSETOS LANE Chincoteague, VA.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Eight cottages totaling 5,608 square feet; Each cottage measures 576 square feet and includes a kitchen/living area, full bath, heat, and A/C; Cottages built in 2002 on block foundations
