4327 Katsetos Ln - Hospitality FOR SALE


Chincoteague Island, VA 23336
$997,000 USD
757-336-3200
4327 Katsetos Ln, Chincoteague Island, VA for Sale
$997,000 USD
Hospitality - FOR SALE
1/2
null | Request Cap Rate

4327 Katsetos Ln
Chincoteague Island, VA 23336


HIGHLIGHTS

  • Each cottage is on a block foundation with heat and A/C.

OVERVIEW

A great investment opportunity! Steve's Cottages has been an established, successful business since 2002. Located on a quiet side street yet one street over from a primary commercial Blvd leading to the beach. Eight turn key cottages of 576 square feet each with open space kitchen/living room, full bath & two bedrooms. Each cottage is on a block foundation with heat and A/C. Large building in rear to be set up as office, laundry room, storage, breakfast space or retail shop. Pool with decking for guests to enjoy after a busy day of Island exploring! Paved U shape drive. Picnic tables and many fruit trees for guest to pick figs, apples, chestnuts & more delight your guests on free time. Financials upon request with signed confidentiality agreement, Seller approval & POF. All sizes are approximate.

FOR SALE DETAILS

PRICE

$997,000 USD

PRICE/SF

$178 USD /SF

# OF ROOMS

8

PRICE/ROOM

$124,625 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Steve's Cottages

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

2002

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

-

APN/PARCEL ID

030-A5-A0-00-0073-00,030-A5-A0-00-0075-A0

ASK ABOUT THIS PROPERTY

Kim GrangerDockside PropertiesMore Info
757-336-3200

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Kim GrangerDockside PropertiesMore Info
757-336-3200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.