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Property profile & analytics
OFF-MARKET
Commercial real estate

18754 Northumberland Hwy Reedville, VA 22539-3410

3.62 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US87-2700414
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 3.62 ac (157,731 SF)
APN 38-(1)--9-E
UPID US87-2700414
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bay Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
BAY MOTEL LLC
BAY MOTEL LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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