Chincoteague Island Boutique
For Sale
$1,900,000
7023 MADDOX BLVD, Chincoteague, VA 23336
COMMERCIAL - CHINCOTEAGUE, VA
Property Size9,072 SF
Lot Size0.95 Acres
Price / SF$209.44
Days on Market286
Property Features for 7023 MADDOX BLVD
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
CHINCOTEAGUE
Directions
From Rt. 13 turn onto VA-175 E, Chincoteague Rd. Continue Straight onto Maddox Blvd. Drive approx. 1 mile. At Traffic Circle, take the 3rd exit and stay on Maddox Blvd. 7023 Maddox Blvd is located on your left.
Standard status
Active
APN
See Notes
Size
9,072 SF
Lot size
0.95 Acres
Amenities
indoor heated swimming pool
Building Details
Year built
1980
Listing Agency:
Coastal Shore Real Estate - Chincoteague
(757) 336-5100
Listed By:
Jenny Barker · License #0225230234
(917) 612-8799
Added: Nov 8, 2025
Changed: Aug 4
Last Checked: Aug 21 at 3:06AM
MLS# 65438
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.
The Reef Hotel presents an exceptional investment opportunity on Chincoteague Island, Virginia, situated one mile from the National Wildlife Refuge and Assateague beaches. This well-maintained boutique hotel features 12 spacious villas and 2 guest cottages, providing a total of 14 income-generating accommodations. The property benefits from an indoor heated swimming pool, enabling year-round revenue. Centrally located on Maddox Boulevard, the hotel is convenient to all of the Island's attractions. The property size is 9,072 square feet, situated on a 0.95-acre lot. This commercial property is zoned for commercial use.
Key Highlights
- Established, income‑generating boutique hotel featuring 14 accommodations, including 12 villas & 2 cottages.
- Prime location: just 1 mile from Assateague National Wildlife Refuge and beaches.
- Indoor heated swimming pool enables year‑round revenue generation.**
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - Boutique hotel near Assateague beaches with year-round revenue potential.
Where is this hotel located?
The property is located at 7023 MADDOX BLVD Chincoteague, VA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Established, income‑generating boutique hotel featuring 14 accommodations, including 12 villas & 2 cottages.; Prime location: just 1 mile from Assateague National Wildlife Refuge and beaches.; Indoor heated swimming pool enables year‑round revenue generation.**
