Americas Best Value Inn


Price:
$1,550,000

Address :
6151 Maddox Boulevard
Chincoteague Island, VA 23336


  •  1.07 Acres of Prime Commercial Real Estate in a High Barrier to Entry Market
  •  Chincoteague Chamber of Commerce Successfully has promoted and expanded shoulder seasons in market
  •  Property regularly wins awards from its Parent Company, Red Lion Hotels
  •  SBA financing candidate
  •  Ideal size and operating model for owner/operator
  •  Wireless Internet
  •  Continental Breakfast & Coffee ( Memorial Day through Labor Day)
  •  Outdoor Pool
  •  1 Bedroom, 1 Bath Manager's Quarters
    View Map    View Aerial
  •  Located on a barrier island east of Virginia's Delmarve Peninsula
  •  Accomack County is home to 33,413 people
    •  Wallops Research Park & Flight Facility
    •  Annual Pony Penning & Firemen's Carnival
    •  Maui Jack's Waterpark
    •  Iron Pony Adventure Park
    •  Museum of Chincoteague Island
    •  Chincoteague National Wildlife Refuge
    •  Assateague Island National Seashore
    •  Assateague Island Lighthouse
  •  26 Guest Rooms
  •  1 Story, Exterior Corridor
  •  Wood Frame Construction
  •  Wood Facade
  •  Pitched, Asphalt-Shingle Roof (2 Buildings have new shingles)
  •  Gravel Parking Lot
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2019
2020
2021
T-12mos 4/22
Occupancy
44.37%
46.15%
65.38%
68.99%
Average Daily Rate
$79.13
$70.00
$65.22
$64.00
Room Revenue
$294,779
$271,933
$357,982
$370.693
Net Operating Income
$59,020
$64,136
$102,769
n/a
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!