# 7023 MADDOX BLVD, Chincoteague, VA 23336

> **TL;DR:** commercial, $1,900,000 ($209/sqft), built 1980, 9,072 sqft. Est. $8,233/mo. Listed 205 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,900,000 |
| Price/sqft | $209 |
| Square Feet | 9,072 |
| Year Built | 1980 |
| Lot Size | 41,382 sqft (0.95 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 205 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $8,233 |
| **Total** | **$8,233** |

## Property Highlights

- Built in 1980
- 0.95 acre lot

## Description

### Agent Description
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!

## Location

- **Address:** 7023 MADDOX BLVD, Chincoteague, VA 23336
- **Neighborhood:** CHINCOTEAGUE
- **Coordinates:** 37.9256742, -75.3538571
- **Google Maps:** https://www.google.com/maps?q=37.9256742,-75.3538571

## Listing Agent

- **Name:** Jenny Barker
- **Brokerage:** Coastal Shore Real Estate - Chincoteague
- **Phone:** 9176128799
- **Email:** jennybarker.esva@gmail.com

## Primary Photo

![7023 MADDOX BLVD - Primary Photo](http://lh.rdcpix.com/8c4f3172baa37802653e129afd56e533l-f4007630237r.jpg)

*25 total photos available on [listing page](https://www.propertysimple.com/listing/7023-maddox-blvd-chincoteague-va-23336-va65438)*

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**MLS#:** 65438 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Eastern Shore Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/7023-maddox-blvd-chincoteague-va-23336-va65438)

---

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