mumfordcompany

Mumford Company | Trusted Hotel Advisors Since 1978

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UNDER CONTRACT
Best Western Chincoteague Island – 7105 Maddox Blvd, Chincoteague Island VA, 23336

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Price: $5,200,000
Address: 7105 Maddox Blvd
City: Chincoteague Island
State: VA
ZIP: 23336
Rooms #: 51
Rooms #: 51
Square Feet:
Bedrooms:
Bathrooms:
Basement:

Additional Features:

  • Excellent location on Chincoteague’s primary commercial corridor
  • Closest hotel to the Assateague Beach, just outside Chincoteague National Wildlife Refuge and Assateague Island National Seashore
  • Multi-Year Winner of the M. K. Guertin Award, Best Western’s highest award
  • Ideal size and operating model for owner/ operator
  • Built, owned, and operated as a one-family business since 1974

Location/Market

  • Located on a barrier island east of Virginia’s Delmarva Peninsula
  • Accomack County is home to 33,413 people
  • One of the most-visited refuges in the US, the Chincoteague National Wildlife Refuge draws an estimated 1.4 million visitors annually.
  • Close to Regional Demand Generators:
    • Assateague Island National Seashore
    • Assateague Island Lighthouse
    • Museum of Chincoteague Island
    • Wallops Research Park & Flight Facility
    • Annual Pony Penning & Firemen’s Carnival
    • Annual Seafood Festival
    • Annual Oyster Festival
    • Maui Jack’s Waterpark
    • Iron Pony Adventure Park

Physical Plant

  •  Built 1974
  •  Interior & Exterior Corridor
  •  Pitched, Asphalt Shingle Roof (New in 2021)
  •  Continental Breakfast Area (Seats 32)
  •  Fitness Center
  •  Impeccable Landscaping
  •  Outdoor Pool & Gas Fire Pit & Large Picnic Area
  •  51 Guest Rooms
  •  3 Stories
  •  Wood Frame Construction
  •  Asphalt and Gravel Parking Lot
  •  Business Center
  •  Guest Laundry
  •  Covered Open-Air Veranda

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Financials

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