Prime Investment Opportunity: Upgraded 20-Room Motel in Reedville, VA. This turnkey 20-room motel, along with a managerâs suite, is situated on 3.65 acres of B1 zoned land, with adjacent 2.198 Acres parcel included in sale, offering a rare investment opportunity in the growing Reedville, VA area. Positioned near the proposed Chesapeake Bay ferry route connecting Reedville to Crisfield, MD, this property is poised to capitalize on increased visitor traffic and local demand. The closest lodging option between Heathsville and Reedville, serving a wide range of guests including construction crews, fishing groups, visitors to Reedville and Tangier Island, and locals seeking nearby accommodations. Regular guests include fishing charters, family reunion attendees, homebuilders, and campers during inclement weather, ensuring a steady stream of business throughout the year. The property has undergone significant updates to enhance guest comfort and operational efficiency, including: Building Improvements: New water filtration system and tankless water heaters (2024), new roof and well pump (2023), and upgraded washer and dryer (2023). All 20 rooms have been upgraded with new flooring (tile or carpet), fresh paint, new vanities, and new PTAC (HVAC) units in 8 rooms. Each room is fully equipped with a TV, desk, microwave, mini refrigerator, vanity, lounging chair, and free Wi-Fi with DirecTV. The nearest alternative lodging options are over 19 miles away, giving this motel a unique advantage in attracting guests visiting Reedville and surrounding areas. Just minutes from the Reedville ferry terminal, Buzzard Point Marina, and local attractions, this motel is ideally situated to capture business from both short-term visitors and extended stays. This motel offers a solid investment with growth potential, thanks to its upgraded facilities, strategic location, and diverse guest base. Whether youâre looking to expand your hospitality portfolio or enter the lodging industry, this property is a must-see.
Reedville is located in Virginia. Reedville, Virginia has a population of 2,002. Reedville is less family-centric than the surrounding county with 8.41% of the households containing married families with children. The county average for households married with children is 20.42%.
The median household income in Reedville, Virginia is $73,451. The median household income for the surrounding county is $56,677 compared to the national median of $57,652. The median age of people living in Reedville is 66.4 years.
The average high temperature in July is 89.2 degrees, with an average low temperature in January of 26.9 degrees. The average rainfall is approximately 45.6 inches per year, with 8.6 inches of snow per year.
