Chincoteague Inn


Price:
$3,600,000

[Currently Under Agreement]

Address :
4417 Deep Hole Road
Chincoteague, VA 23336


  •  Excellent location in a destination resort market
  •  Very strong NOI and Cash Flow margins
  •  Ideal size and operating model for owner/ operator
  •  On-site living quarters with three bedrooms and one bath
  •  Offered at discount to replacement cost
    View Map    View Aerial
  •  Located on a barrier island east of Virginia’s Delmarva Peninsula
  •  Accomack County is home to 33,413 people
  •  Close to Regional Demand Generators:
    •  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
  •  70 Rooms
  •  3 Stories, Exterior Corridor
  •  Wood Frame Construction
  •  Vinyl Siding Façade
  •  Metal Roof
  •  Gravel Parking Lot
  •  Screened Pavilion with Kitchen Area Barbecue Grills
  •  Seasonal Outdoor Pool
  •  Volleyball, Badminton, & Corn Hole
  •  Manager’s House with Three Bed-rooms and One Bathroom
  •  Wireless Internet
  •  Built in 1984
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 10/22
Occupancy
46.80%
35.85%
44.93%
39.89%
Average Daily Rate
$75.32
$89.83
$101.35
$97.51
Room Revenue
$900,638
$825,076
$1,163,522
$993,736
Net Operating Income
$323,826
$285,806
$491,580
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!