Leaders in Commercial Real Estate for Maryland’s Eastern Shore and the Delmarva Peninsula

Alder and Davis Sell Chincoteague, VA Hotel for Redevelopment

JANUARY 2015, CHINCOTEAGUE, VA Ben Alder and Chris Davis, both Senior Advisors with Sperry Van Ness – Miller Commercial Real Estate in Salisbury, MD are pleased to announce the sale of the Anchor Inn in Chincoteague, VA. The waterfront hotel located at 3791 South Main Street has 22 rooms and a marina.

The hotel sold for $1,350,000 and is pending a full redevelopment with the addition of adjacent acreage which will settle in early 2015. “In addition to the other two hotels that have been redeveloped on the Bayfront, this will be another great asset for the town of Chincoteague,” stated Chris Davis. For more information about this transaction or other available properties on the Eastern Shore, contact Ben Alder at ben.alder@svn.com or Chris Davis at chris.davis@svn.com or call 410-543-2440.

SVN-MILLER COMMERCIAL REAL ESTATE

SVN - Miller Commercial Real Estate, with offices in Salisbury, MD, Bethesda, MD, Easton, MD, Seaford, DE, and Onley, VA is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in the Mid-Atlantic Region. We combine a comprehensive national footprint with local decision making, expertise and market-leading execution. We maintain an unequivocal commitment to our clients and community (#SVNgivesback).

SVN - Miller is an Accredited Management Organization® (AMO). Our team of dedicated professionals with market-leading knowledge includes a highly-trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).

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