6493 Richmond RdWilliamsburg, VA 23188

  • Other commercial real estate
  • 19,417 SF
For Sale

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.

6493 Richmond Rd, Williamsburg, Virginia

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

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
2019
$12,097
$663,400
$776,700
$1,440,100
-
$663,400
$776,700
$1,440,100

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