6001 Richmond HwyAlexandria, VA 22303

  • Hospitality properties
  • 18,784 SF
For Sale
$5,200,000 View listing

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
Hospitality properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
6001 Richmond Hwy, Alexandria, Virginia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$30,580
$1,624,930
$757,610
$2,382,540
-
$1,624,930
$757,610
$2,382,540

FAQs

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