6001 Richmond HwyAlexandria, VA 22303

Property Details for 6001 Richmond Hwy

Year built

1953

Construction

BRICK

Lot size

2.54 AC

Property size (Sq ft)

18,784 SF

Zone code

COMM (W/ RES/APT ZONING)

Property type

Motels

APN

083-3-01-0059

APU

833010059

Description

This exceptional 2.54-acre commercial property, located at 6001 Richmond Highway in Alexandria, Virginia, presents a unique investment opportunity. Boasting a substantial 113,256 square feet of land, the property is ideally situated for a variety of commercial ventures. Currently zoned for hotel/motel use, the possibilities are extensive and adaptable to suit diverse business plans. Its prime location offers unparalleled accessibility, being steps away from various public transportation options, ensuring convenient commutes for employees and customers alike. The property's proximity to major thoroughfares, including I-95 and I-495, provides exceptional connectivity to the broader region, maximizing exposure and accessibility for any commercial enterprise. The high-traffic location guarantees significant visibility and potential for substantial foot traffic, making it an attractive proposition for businesses seeking a prominent presence in a thriving area. This is a rare opportunity to acquire a large, well-located parcel of land with significant development potential in a highly desirable location. The asking price for this exceptional property is $5,200,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $5,513,736

  6.5%

  $5,089,602

  7%

  $4,726,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,372,222

  Geo Method

  $7,372,222

• Alternative Use

  Use

  Valuation

  Residential

  $5,556,367

  Hospitality

  $5,089,602

  Educational

  $4,234,490

  Medical

  $4,380,120

  Retail

  $6,586,984

Location Insight

City

Alexandria

County

Fairfax

State

Virginia

Latitude

38.7871

Longitude

-77.0664

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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