Eight-Cottage Motel
For Sale
$859,000
4327* KATSETOS LANE, Chincoteague, VA 23336
COMMERCIAL - CHINCOTEAGUE, VA
Property Size5,608 SF
Lot Size0.74 Acres
Price / SF$153.17
Days on Market532
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
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: Aug 4
Last Checked: Aug 22 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 commercial motel property includes eight guest cottages measuring 576 square feet each. The cottages were built in 2002 and are arranged with open kitchen and living areas, full bathrooms, one bedroom, and bonus rooms currently configured as second bedrooms. Each unit sits on a block foundation and includes heat and air conditioning. The property also includes a pool with decking and a paved U-shaped drive across 0.74 acres.
A rear building provides additional functional space, with potential configurations identified for an office, laundry room, storage, breakfast area, or video arcade; improvements are needed. Picnic tables and fruit trees, including figs, apples, and chestnuts, are also present. The property is zoned Commercial and is located in Chincoteague, Virginia, one street from a primary commercial boulevard. The business is not currently open.
A rear building provides additional functional space, with potential configurations identified for an office, laundry room, storage, breakfast area, or video arcade; improvements are needed. Picnic tables and fruit trees, including figs, apples, and chestnuts, are also present. The property is zoned Commercial and is located in Chincoteague, Virginia, one street from a primary commercial boulevard. The business is not currently open.
Key Highlights
- Eight cottages, each measuring 576 square feet
- 0.74‑acre commercial property in Chincoteague, VA
- 2002 construction with heat and A/C in every cottage
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 - Eight guest cottages feature kitchens, living areas, full baths, bedrooms, and bonus rooms.
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, each measuring 576 square feet; 0.74‑acre commercial property in Chincoteague, VA; 2002 construction with heat and A/C in every cottage
