Top-Rated Historic B&B in Prime Location – Turnkey!

Chincoteague, Virginia

Asking Price: USD $875,000
Guest Rooms: 7    7

Property Overview

Miss Molly’s Inn – Turnkey Bed & Breakfast in Popular Coastal Destination

Chincoteague Island, VA

A rare opportunity to own a well-loved, top-rated bed and breakfast in the heart of downtown Chincoteague Island.

Miss Molly’s is where Marguerite Henry wrote “Misty of Chincoteague” while staying with Miss Molly in 1946.

Established as a B&B in 1984, Miss Molly’s Inn is a turnkey business with a loyal base of repeat guests and an excellent reputation.

Ideally located just steps from shops, restaurants, and island attractions, this historic inn offers:

• 7 uniquely decorated guest rooms, each with private bath, upgraded luxury linens, smart TVs, high-speed internet, and new mini-split A/C units—offering Victorian charm with all the modern amenities
• Water views of the Chincoteague Channel from select rooms and five inviting outdoor porches
• Spacious common areas including parlors, a formal dining room, and a cozy foyer and sitting room complete with working fireplaces
• Featuring a mature English garden, private courtyard, screened porch, and classic wraparound front porch—perfect for outdoor relaxation and guest enjoyment

The inn conveys fully furnished and equipped—ready for new owners to step in and continue its success. With room to grow, there’s also potential to expand offerings or develop events to enhance future earnings.

An ideal opportunity to own a piece of Chincoteague’s history in one of Virginia’s most popular coastal destinations.

For more information, contact Angie Abell at 757-710-1598.

Features:
  • Is Historic Historic
  • Has a Barn Romantic
  • Waterfront Property Waterfront
  • Has a Wedding Venue Wedding Venue
Lifestyle:
  • Near the Beach Beach
  • Close to Fishing Fishing
  • Near Horses Horse
Business Description:

Miss Molly’s Inn is a well-established, top-rated bed and breakfast located in the heart of downtown Chincoteague Island, Virginia. Marguerite Henry wrote her famous children’s book “Misty of Chincoteague” at Miss Molly’s in 1946 which draws many guests. In continuous operation as a B&B since 1984, this turnkey property offers 7 uniquely decorated guest rooms, each with private bath, upgraded luxury linens, smart TVs, high-speed internet, and new mini-split air conditioning—providing Victorian charm with all the modern comforts. Guests enjoy spacious common areas, a cozy foyer with working fireplaces, and beautiful outdoor spaces including a mature English garden, private courtyard, screened porch, and classic wraparound front porch. Just steps from shops, dining, and popular island attractions, the inn enjoys strong repeat business and year-round appeal. Fully furnished and equipped, Miss Molly’s Inn is ready for new owners to step in and continue its legacy of hospitality—with additional potential for future growth through event programming or expanded offerings.

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
Angie Abell (Listing Agent)
  7577101598
Beach Bay Realty

MLS:

63665

Sq Ft:

3,500

Acres:

0.22

Year Built:

1894

MLS:

63665
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Financial Overview

Asking Price:

USD $875,000

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