18754 NORTHUMBERLAND HIGHWAY, REEDVILLE, VA 22539

Other
THB ฿23,051,934
USD $675,000
Published on: 07 Sep 2024
Last updated on: 20 Nov 2024
18754 NORTHUMBERLAND HIGHWAY, REEDVILLE, VA 22539
18754 NORTHUMBERLAND HIGHWAY, REEDVILLE, VA 22539
18754 NORTHUMBERLAND HIGHWAY, REEDVILLE, VA 22539
+53
18754 NORTHUMBERLAND HIGHWAY, REEDVILLE, VA 22539
  • 53
Property ID: 110094406928
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Commercial - REEDVILLE, VA

18754 NORTHUMBERLAND HIGHWAY, REEDVILLE, VA 22539
Prime Investment Opportunity: Upgraded 20-Room Motel in Reedville, VA. This turnkey 20-room motel, along with a manager’s suite, is situated on 3.65 acres of B1 zoned land, with adjacent 2.198 Acres parcel included in sale, offering a rare investment opportunity in the growing Reedville, VA area. Positioned near the proposed Chesapeake Bay ferry route connecting Reedville to Crisfield, MD, this property ispoised to capitalize on increased visitor traffic and local demand. The closest lodging option between Heathsville and Reedville, serving a wide range of guests including construction crews, fishing groups, visitors to Reedville and Tangier Island, and locals seeking nearby accommodations. Regular guests include fishing charters, family reunion attendees, homebuilders, and campers during inclement weather, ensuring a steady stream of business throughout the year.  The property has undergone significant updates to enhance guest comfort and operational efficiency, including: Building Improvements: New water filtration system and tankless water heaters (2024), new roof and well pump (2023), and upgraded washer and dryer (2023). All 20 rooms have been upgraded with new flooring (tile or carpet), fresh paint, new vanities, and new PTAC (HVAC) units in 8 rooms. Each room is fully equipped with a TV, desk,  microwave, mini refrigerator, vanity, lounging chair, and free Wi-Fi with DirecTV.  The nearest alternative lodging options are over 19 miles away, giving this motel a unique advantage in attracting guests visiting Reedville and surrounding areas. Just minutes from the Reedville ferry terminal, Buzzard Point Marina, and local attractions, this motel is ideally situated to capture business from both short-term visitors and extended stays.This motel offers a solid investment with growth potential, thanks to its upgraded facilities, strategic location, and diverse guest base. Whether you’re looking to expand your hospitality portfolio or enter the  lodging industry, this property is a must-see.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
14,568.70 m2
Year Built
1980
Architecture Style
Other
County
NORTHUMBERLAND
Provider
Bright MLS
Subdivision
Part Of Poplar Farm
Brokerage Office Name
KELLER WILLIAMS KINGSTOWNE
Brokerage Office Phone
(703) 562-1800
Address
18754 NORTHUMBERLAND HIGHWAY, REEDVILLE, VA 22539
Contact Agent
Theo Daubresse
KW United
5971 Kingstowne Village PARKWAY, Alexandria, VA 22315
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Theo Daubresse
5971 Kingstowne Village PARKWAY, Alexandria, VA 22315
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      Property ID: 110094406928

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