9533 James Madison HwyWarrenton, VA 20187

Property Details for 9533 James Madison Hwy

Year built

1950

Lot size

6.54 AC

Property size (Sq ft)

4,047 SF

Zone code

RES 1 DWELL/AC

Property type

Hospitality properties

Property subtype

Motels

APN

6981-26-4558

APU

6981264558

Description

This exceptional investment opportunity presents a well-established 20-room motel situated on a substantial 6.53-acre lot in Warrenton, Virginia. Strategically located directly off the heavily trafficked Route 15-29-17, this property enjoys high visibility and convenient access for guests. The motel itself boasts 20 rentable rooms, including two suites, providing immediate income potential. Adding to its versatility, a separate two-bedroom, two-bathroom apartment with a kitchen is included, ideal for on-site management. This apartment also features its own laundry room, enhancing convenience and functionality. The expansive 6.53-acre parcel offers significant potential for future expansion or diversification, allowing for the addition of amenities, new buildings, or alternative development projects. The property benefits from ample paved parking with easy ingress and egress, thanks to a paved asphalt driveway encircling the entire site. Furthermore, cost savings are realized through the use of a private well and conventional septic system, reducing ongoing operational expenses. This turnkey operation presents a rare opportunity to acquire a profitable motel with substantial growth potential in a desirable location. The property's size and location make it an attractive investment for both seasoned hospitality operators and those seeking a high-return real estate venture. The existing infrastructure and ample land provide a solid foundation for future development and expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $1,094,066

  6.5%

  $1,009,907

  7%

  $937,771

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,901,519

  Geo Method

  $1,901,519

• Alternative Use

  Use

  Valuation

  Residential

  $1,102,525

  Hospitality

  $1,009,907

  Educational

  $840,231

  Medical

  $869,128

  Retail

  $1,307,026

Location Insight

City

Warrenton

County

Fauquier

State

Virginia

Latitude

38.6392

Longitude

-77.8013

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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