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Steve's Cottages 4327 Katsetos Ln 8 Room Hotel Chincoteague Island, VA 23336 $1,223,735 CAD ($152,967 CAD/Room)
Investment Highlights
- Each cottage is on a block foundation with heat and A/C.
Executive Summary
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.
Property Facts
| Price | $1,223,735 CAD | Building Size | 5,608 SF |
| Price Per Room | $152,967 CAD | No. Rooms | 8 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 2002 |
| Property Subtype | Hotel | Parking Ratio | 0.89/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.74 AC | Opportunity Zone |
Yes
|
| Price | $1,223,735 CAD |
| Price Per Room | $152,967 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 5,608 SF |
| No. Rooms | 8 |
| No. Stories | 1 |
| Year Built | 2002 |
| Parking Ratio | 0.89/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 8 | $275.31 CAD | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,495,187 CAD | |
| Land Assessment | $413,785 CAD | Total Assessment | $1,908,972 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$413,785 CAD
Improvements Assessment
$1,495,187 CAD
Total Assessment
$1,908,972 CAD
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Steve's Cottages | 4327 Katsetos Ln
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