4327 Katsetos LnChincoteague, VA 23336

  • Retail properties
  • 5,608 SF
For Sale
$997,000 View listing

Property Details for 4327 Katsetos Ln

Year built
2002
Lot size
0.74 AC
Property size (Sq ft)
5,608 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This 5,608 square foot motel in Chincoteague, VA, presents a compelling investment opportunity. Built in 2002, the property consists of eight turnkey cottages, each approximately 576 square feet, featuring an open-plan kitchen/living room, full bath, one bedroom, and a bonus room currently used as a second bedroom. Each cottage sits on a block foundation with central heating and air conditioning. A large rear building offers potential for conversion into an office, laundry room, storage space, breakfast area, or retail shop with some renovations. The property also boasts a swimming pool with decking, paved U-shaped driveway, picnic tables, and numerous fruit trees (figs, apples, chestnuts). The property sits on a 0.74-acre lot and includes 11 parking spaces. Utilities include public water and a septic system. The building features frame and block exterior construction, vinyl tile and carpet flooring, and a composition roof. Financial details are available upon request with a signed confidentiality agreement. All sizes are approximate. The property is zoned commercial and is located one street from a major commercial boulevard. This is a rare opportunity to own a thriving coastal business.

4327 Katsetos Ln, Chincoteague, Virginia
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Location Insight

City
Chincoteague
County
Accomack
State
Virginia
Latitude
37.9371
Longitude
-75.3673

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