18754 Northumberland Hwy Reedville, VA 22539-3410
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.
-
Bay Motel Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.