About This Home

This 0-bedroom, 0-bathroom commercial at 7023 MADDOX BLVD in Chincoteague, VA is listed for $1,900,000 ($209 per sqft). Built in 1980, the home offers 9,072 sqft of living space on a 0.95 acres lot.

Key Features

  • Built in 1980
  • 0.95 acre lot

Property Details

1980
Listing Description

Exceptional Investment Opportunity! Discover The Reef Hotel, a boutique hotel on beautiful Chincoteague Island, VA- 1 mile from one of the most visited National Parks in the Country. This well-maintained hotel features 12 spacious villas & 2 charming guest cottages, offering a total of 14 income-generating accommodations.

Guests can enjoy an indoor heated swimming pool, allowing the property year-round revenue. Ideally situated 1 mile from the National Wildlife Refuge & the pristine Assateague beaches, the property is centrally located on Maddox Blvd & all the Island's attractions. This is an outstanding opportunity for investors seeking an established & thriving hospitality business in a sought-after vacation destination. Don't miss out on this rare chance to own a premier property!

Monthly Cost Estimate

$10,162/mo

20% down · 6.5% · 30 years

Principal$1,374
Interest$8,233
Insurance$554

Estimates only. Actual payments may vary.

Location

7023 MADDOX BLVD

Chincoteague, VA 23336

CHINCOTEAGUE

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 7023 MADDOX BLVD is listed at $1,900,000 ($209/sqft). The estimated monthly payment is $10,161 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1980, 0.95 acre lot.

This property is listed by Jenny Barker.

JB

Jenny Barker

Agent at Coastal Shore Real Estate - Chincoteague

Listed by Coastal Shore Real Estate - Chincoteague · Broker phone: 7573365100

MLS# 65438· Source: Eastern Shore Association of Realtors· 356 days on PropertySimple

Copyright © 2026 Eastern Shore Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

7023 MADDOX BLVD, Chincoteague, VA 23336

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