The median home value in Reedville, VA is $444,500.
This is
higher than
the county median home value of $232,500.
The national median home value is $308,980.
The average price of homes sold in Reedville, VA is $444,500.
Approximately 48% of Reedville homes are owned,
compared to 10% rented, while
43% are vacant.
Reedville real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Reedville real estate agent to arrange a tour
today! Learn more about Reedville Real Estate.
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 thatâ??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 communityâ??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 moreâ??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 managers 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 youre looking to expand your hospitality portfolio or enter the lodging industry, this property is a must-see.