Reedville VA Commercial for Sale
- Type:
- Retail
- Sq.Ft.:
- 4,132
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.5 Acres
- Year built:
- 1975
- Baths:
- MLS#:
- VANV2001384
- Subdivision:
- Reedville
ADDITIONAL INFORMATION
This is a fantastic opportunity to own your own commercial building near the Chesapeake Bay! The current rent being collected here is close to $5,000 per month. There are 2 apartments upstairs, one is an efficiency and the other is a 3 bedroom. There is a convenience store and a deli on the lower level. The deli was added 12 years ago. (approx.) A new oven was recently added that was $10,000. The deli is full of restaurant equipment! The store comes with coolers, a cash register and much more! Each unit has its own electrical meter. Tenants pay their own electricity. The building insurance costs is $700/month with umbrella policies.
- Type:
- Other
- Sq.Ft.:
- 156,816
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 3.6 Acres
- Year built:
- 1980
- Baths:
- MLS#:
- VANV2001294
- Subdivision:
- Part Of Poplar Farm
ADDITIONAL INFORMATION
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.
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Reedville Real Estate
The median home value in Reedville, VA is $399,750. This is higher than the county median home value of $297,800. The national median home value is $338,100. The average price of homes sold in Reedville, VA is $399,750. Approximately 45.46% of Reedville homes are owned, compared to 5.81% rented, while 48.73% are vacant. Reedville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Reedville real estate agent to arrange a tour today!
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.
Reedville Weather
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.