25297 Lankford Hwy, Onley, VA 23418

Property tours are by APPOINTMENT ONLY. Any attempts to visit/contact property without agent approval will result in a ban from all future listings! Prospective buyers can view financial history including revenue, NOI, ADR, and Occupancy by clicking "Download OM" and signing a confidentiality agreement. This property is currently listed as unpriced. Ownership will review and respond to all offers and ultimately select the offer with the best price and terms.

Colliers, as an exclusive representative of the seller, is pleased to present to qualified investors the Onley Inn, located at 25297 Lankford Hwy, Onley, VA 23418. The subject property is an 80-room, two-story, exterior-corridor, limited-service asset. Built in 1990, it sits on 3.82 acres with direct exposure to Lankford Highway (U.S. 13) (26,000 Vehicles Per Day). The asset is offered with fee simple interest, unencumbered by debt, and unencumbered by third-party management.

The Onley Inn is located in Accomack County, Virginia, within the Eastern Shore region, a lodging market supported by local employment, healthcare services, agribusiness activity, and consistent transient traffic along U.S. Route 13, the primary north–south corridor serving the peninsula. Accomack County has a population of approximately 33,400 residents, while the Eastern Shore of Virginia totals roughly 45,000 residents, providing a stable regional base of workforce and service-oriented travel. The subject property’s direct exposure to Lankford Highway (U.S. 13), which carries approximately 26,000 vehicles per day, positions the hotel to capture highway-oriented transient demand, including commercial drivers, contractors, and pass-through travelers. The local economy is anchored by poultry processing and agribusiness operations, led by major employers such as Perdue Farms and Tyson Foods, which together employ approximately 3,500 local residents and generate recurring vendor, contractor, and workforce travel. Riverside Shore Memorial Hospital, the region’s primary healthcare facility with over 400 staff and 25,000 annual patient visits, supports ongoing demand from visiting medical professionals, patients’ families, and service providers. Accomack County government employs roughly 650 personnel, while the public school system employs over 1,000 teachers and staff, further stabilizing weekday travel patterns. Tourism also contributes to lodging demand across the Eastern Shore, with annual visitor spending exceeding $260 million, more than 1.2 million visitors annually, and occupancy driven by regional attractions such as Chincoteague Island, Assateague Island National Seashore, Cape Charles, and Kiptopeke State Park, supporting seasonal leisure stays and pass-through visitation. Collectively, these drivers create a diversified lodging base anchored by local workforce demand, healthcare-related stays, agribusiness travel, and U.S. Route 13 transient traffic.

Over the past several years, the Onley Inn has benefited from more than $630,000 in capital investment, modernizing the property and enhancing operational reliability. Key upgrades include full and partial guestroom renovations, AC unit replacements, an instant water heater system, new beds and furniture, and fire and security system replacements. Additional investments encompass LED lighting throughout the property, plumbing access panels, new TVs, microwaves, refrigerators, blackout and sheer curtains, signage, and lobby enhancements including an electric fireplace and digital displays. Operational infrastructure improvements, such as a new PMS and organizational systems for housekeeping and maintenance, have further strengthened day-to-day operations. Collectively, these investments ensure the property is fully operational and positioned to deliver an enhanced guest experience.

With these foundational improvements in place, a new owner has the opportunity to substantially enhance financial performance through professional management, targeted marketing, and selective property enhancements. While historical operations have underperformed relative to market potential, the combination of highway visibility, stabilized property systems, and prior capital investment creates a platform for meaningful growth. Implementing revenue management, optimized pricing strategies, and operational efficiencies, along with additional selective CapEx such as further room remodels or upgraded furnishings, can increase occupancy and ADR toward market potential, with the pro forma projecting room revenue exceeding $1.0 million by Year 2 and NOI margins approaching 36–37%. The property provides a platform for a new owner to capitalize on market demand, optimize operations, and drive significant NOI growth.