6493 Richmond RdWilliamsburg, VA 23188

This fee-simple, 128-room motel in Williamsburg, Virginia presents a compelling value-add investment opportunity. Situated on a 147,688 sq ft lot at 6493 Richmond Rd, zip code 23188, this property boasts two, two-story buildings totaling 86,500 square feet, built in 1979 and extensively renovated in 2020. The $900,000 renovation included new roofs ($500,000+), new AC units ($100,000), and a complete renovation of 35 units ($250,000). The property includes 134 parking spaces and features a finished general manager's apartment, a renovated lobby, a swimming pool, and a finished café area. Twelve larger suite units are also available. The property is zoned B1 and benefits from its location on Richmond Road, a high-traffic area (22,000+ vehicles daily), near major tourist attractions such as Water Country USA (11 miles) and Busch Gardens (12 miles). Significant preliminary interest from multiple hotel brands has already been received, indicating strong potential for future growth and return on investment. The APN is 24-3-01-0-0037. This is a rare chance to acquire a well-located, renovated motel with substantial upside potential in a thriving tourism market.