18754 Northumberland Hwy Reedville, VA 22539
- Commercial real estate
- 3.62 lot acres
Current Use by Public Records
- Bay Motel / Motel
Property Details for 18754 Northumberland Hwy
- Lot size
- 3.62 lot acres
- Property type
- Commercial real estate
- APN
- 38-(1)--9-E
- APU
- 3819E
Description
Exceptional investment opportunity: a 20-room motel in Reedville, VA, boasting a manager's suite and situated on a 3.6-acre B1-zoned lot. An adjacent 2.198-acre parcel is included. This turnkey operation benefits from its prime location near the proposed Chesapeake Bay ferry, ensuring high occupancy rates. The motel caters to a diverse clientele, including fishing groups, construction crews, tourists visiting Reedville and Tangier Island, and local residents. Recent upgrades include a new water filtration system and tankless water heaters (2024), a new roof and well pump (2023), and a new washer and dryer (2023). All 20 rooms feature new flooring, fresh paint, updated vanities, and eight rooms have new PTAC (HVAC) units. Each room is equipped with a TV, desk, microwave, mini-refrigerator, vanity, lounging chair, and free Wi-Fi with DirecTV. With the nearest lodging options over 19 miles away, this motel enjoys a significant competitive advantage. Its proximity to the Reedville ferry terminal, Buzzard Point Marina, and local attractions further enhances its appeal. This property presents a strong investment with considerable growth potential due to its upgraded amenities, strategic location, and consistent guest base. The motel's 156,816 square feet offers ample space for guests and operations. This is a rare opportunity to acquire a well-maintained and profitable hospitality business in a thriving area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reedville
- County
- Northumberland
- State
- Virginia
- Longitude
- -76.3034
- Latitude
- 37.8665
