4327 Katsetos Ln Chincoteague, VA 23336
- Retail properties
- 5,608 SF
- 0.74 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4327 Katsetos Ln
- Year built
- 2002
- Lot size
- 0.74 lot acres
- Property size
- 5,608 SF
- Property type
- Retail properties
- Property subtype
- Hospitality 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chincoteague
- County
- Accomack
- State
- Virginia
- Longitude
- -75.3673
- Latitude
- 37.9371
