A&M Auctioneers and Appraisers, LLC.Local Fax:(410) 835-0370
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4218 Main St., Chincoteague, VA 23336Allen & Marshall Auctioneers is honored to sell the Lighthouse Inn!
Contact the Auction Co. to receive additional income and investment information pertaining to the Lighthouse Inn.
Directions: At the intersection of Rt. 13 and Chincoteague Road (Rt. 175) turn East onto Chincoteague Road and follow for 10.9 miles to Main St. in Chincoteague. At the Traffic light turn right onto Main St. and follow for 0.1 miles to property on the left. Signs Posted.
Description: A boutique hotel in the heart of the island, the Lighthouse Inn sits along busy, bustling Main Street within walking distance to all unique shops, great restaurants, harbor and the waterfront. Within a short drive to the beach, National Park and the Wildlife Refuge, this hotel is in a pristine condition and is a well-established business that has been in operation for decades. Offering 16 nice guest rooms with the most comfortable, luxurious pillow top beds, it also has a grand, newly renovated apartment for owner/manager living space. It features a pool with spa as well as a great outdoor screened porch. The hotel has a great client base with a lot of repeat business and a respectable reputation.
Terms: $30,000.00 down day of auction in certified check or check acceptable by the undersigned. 5% Buyer Premium. Prospective Buyer responsible for any desired inspections prior to the auction. Settlement to occur within 45 days of auction. Property being sold as is with all faults and without warranty. Auction Company makes no representation or warranties of any kind. Seller has the right to accept or reject the final bid but has expressed their intent to sell. Property may be sold prior to auction. Please contact Auction Company for complete terms and conditions. VA Auctioneer’s License # 2907003003. Questions can be addressed to Doug Marshall @ 410-749-8092 or 443-614-4340.
Preview Dates: March 12th Noon-3 PM, March 22nd Noon-2 PM, March 30th Noon-2 PM
Contact Auction Company for Additional Details. 410-749-8092 or 443-614-4340