7023 Maddox Blvd Chincoteague, VA $ 2,000,000
7023 Maddox Blvd
$ 2,000,000
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7023 Maddox Blvd

Chincoteague, VA, 23336
$ 2,000,000
Bedrooms-- Baths-- Sq 9,072

Monthly Estimate*

$ 12,477

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Commercial Property for sale in Chincoteague, VA

for $2,000,000. This 9,072 square foot building was built in 1980.

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!

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Commercial Active

Price

$ 2,000,000

Property Type

Commercial

Taxes

$ 0

Style

Commercial Sale

Year Built

1980

Town/City

Chincoteague

County/Region

Accomack

MLS | Web ID

65438

Features
General
Sewer Septic System
Heating Electric Heating Forced Air-Electric
Roof Wood Joists Composition
Parking 11+ Spaces
Water Public
current use Office Hotel/Motel
Zoning Commercial
Status Active Active
Year Built 1980
Subdivision CHINCOTEAGUE
Miscellaneous Business Opportunity Other-See Remarks
Location Central Business Area
Access City Street Paved Road
Area Accomack
Virtual Tour tour.usamls.net/7023-Maddox-Blvd-Chincoteague-VA-23336/unbranded
City CHINCOTEAGUE
Listing Type Commercial
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Exterior
Waterfront ACCESS TO WATER
Lot Dimensions .95
Acreage .5-.9 acre +/-
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Interior
Floors Concrete Structural
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Internal Only
OriginalMLSID 65438
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* Excluded Features
List By
Coastal Shore Real Estate - Chincoteague

Broker

jennybarker.esva@gmail.com

Email

Affordability Calculator

$12,477
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,477
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2779429 Elementary School
2779430 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/9/2025$2,000,000 Listed Price

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7023 Maddox Blvd, Chincoteague, VA, 23336 is a Commercial Property for sale at $2,000,000 with 9,072 sqft. 7023 Maddox Blvd was built in 1980. The property's zip code is 23336 which is in Chincoteague, VA