Chincoteague Island - Beach Property For Sale #7104942

Prime investment opportunity in a highly visible location at the entrance to Chincoteague Island. The Maddox Inn offers up to 26 guest accommodations, including twenty-four rooms, recently remodeled standalone cottage, and small trailer, allowing multiple room types and flexible rental options. Select guest rooms feature jacuzzi tubs! Main building has space suitable for owner occupancy or on-site management for efficient operations. One of the islands favorite bakeries is next door, offering easy access to quality pastries and coffee for guests. Located within a mile of downtown and Maui Jacks Water Park, and approx. five miles from Assateague Beach and the NASA visitor Center, the property is well positioned to benefit from steady tourism demand and repeat guests.