Start making rental income immediately this multi-use building has (4) rental incomes in one and is fully rented make money the day you purchase with a(3) bedroom (1) bath apartment and a smaller studio style apartment on the 2nd story but that’s not all the 1st level has a fully in operation hot food full service deli and the other side is a full service convenience store with Virgina ABC off license this is the only store in Reedville. This is a FANTASTIC OPPORTUNITY to own your own commercial building near the Chesapeake Bay! Exciting Commercial Property Opportunity Near Chesapeake Bay! Don't miss out on this fantastic chance to own a versatile commercial building situated just minutes from the beautiful Chesapeake Bay! This property presents a wealth of possibilities for entrepreneurs looking to tap into the thriving local market. Key Features: - Prime Location: Located in an area frequented by residents and visitors alike, this building is the first stop for many along their daily routes. It is perfectly positioned to serve the community’s needs. - Diverse Business Potential: Whether you're interested in opening a retail store for fishing, crabbing, kayaking, camping gear, swimwear, or home decor, or even a convenience store, this space can accommodate it all! The area is ripe for a restaurant, particularly one that offers breakfast, lunch, and dinner to complement the existing dining options. - Restaurant Success: The previous owner successfully operated a pizzeria, indicating a strong market demand for food options in the area. Imagine the possibilities of featuring delicious desserts and other dishes from a local chef eager to partner with you! - Current Income Stream: The property includes a convenience store, a deli/restaurant, and two upstairs apartments generating approximately $5,000 in monthly rent. The apartments consist of a cozy efficiency and a spacious 3-bedroom unit, providing additional income potential. - Recent Upgrades: The property has been updated under new ownership, including the installation of a new $10,000 dual oven with four burners and a 24" flattop in the restaurant. The convenience store is equipped with beverage coolers, shelving, a cash register, and more—all included in the sale! This commercial building offers a unique blend of retail and food service opportunities, making it an ideal investment for anyone looking to capitalize on the bustling Chesapeake Bay area. The options are endless; let your imagination run wild! Contact the listing agent today to schedule a viewing and explore how this property can become your next successful venture! (Zoning is B-1 Business)
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 11.98% of the households containing married families with children. The county average for households married with children is 12.69%.
The median household income in Reedville, Virginia is $75,172. The median household income for the surrounding county is $61,291 compared to the national median of $69,021. The median age of people living in Reedville is 59.8 years.
The average high temperature in July is 88.4 degrees, with an average low temperature in January of 28.8 degrees. The average rainfall is approximately 47 inches per year, with 6.4 inches of snow per year.
