6493 Richmond RdWilliamsburg, VA 23188
- Other commercial real estate
- 19,417 SF
Property Details for 6493 Richmond Rd
- Year built
- 1979
- Lot size
- 3.39 AC
- Property size (Sq ft)
- 19,417 SF
- Zone code
- B1 GENERAL BUSINESS
- Property type
- Other commercial real estate
- APN
- 24-3 01-0-0037
- APU
- 2430100037
Description
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.
Location Insight
- City
- Williamsburg
- County
- James City
- State
- Virginia
- Latitude
- 37.3413
- Longitude
- -76.7572
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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