The Inn at Old Beach

Virginia Beach, Virginia

Asking Price: USD $2,600,000
Guest Rooms: 8    10
Owners Quarter: 1    1

Property Overview

This property was built in the 1930’s where it served as a private residence and later transformed into a bed and breakfast in 2007. The Cape Henry House was named after the First Landing at Cape Henry where 105 English arrived on the shores in 1607 and named the area out the mouth of the Chesapeake Bay, Cape Henry. There is also a National Historical landmark and lighthouse which was built on Cape Henry in 1792.

Located in a very walkable area. Perfect as it's close enough to all the beach and boardwalk activity to walk but not located right in the heart of all the chaos like the main branded hotels.

About the Owner's Quarters

Fully renovated apartment. Can be used as Owners Quarters or rented out as a suite. We currently rent it to guests.

Features:
  • Is Historic Historic
  • Has a Barn Romantic
Lifestyle:
  • Near the Beach Beach
Business Description:

After we purchased this property in 2021, we invested approximately $700k to take everything down to the studs, remodel, and put in luxury finishes. We have had it in operation since mid-2022 and it's our top asset for direct bookings and return guest activity.

Terms of Sale:

Open to negotiation but a 60 day due diligence period followed by 30-60 days to close would be ideal.

Valuation & Mortgage Calculator:
30 Years Fixed
n/a % Interest
  • Loan Amount
  • Principle and Interest
  • Cash Flow
  • DSCR $0
  • Cap Rate $0
  • ROI $0
Listed By
Christie Kutsch (Owner)
  7579526091
Transcendent Stays

Sq Ft:

4,746

Owner's Quarters Sq Ft:

600

Year Built:

1940

Last Renovated:

2022

Years in Business:

2
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Financial Overview

Asking Price:

USD $2,600,000

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