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8924 US-1
Richmond, VA 23237
 Virginian Motel · Hospitality Property For Sale · 18 Rooms

Hotels Virginia Richmond 8924 US-1, Richmond, VA 23237

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Investment Highlights

  • Frontage on Route 1 and Perrymont Road

Executive Summary

8,702± SF motel on 1.76 Acres
Zoned CC allowing multifamily, daycare, hotel, car wash, gas station, self storage
Comprehensive Plan for Office/Light Industrial
Motel has: 18 keys, 1 - 1BR Apartment, 1-3BR Apartment
Frontage on Route 1 and Perrymont Road
Sale Price: $1,330,000

Property Facts

Price Per Room $104,378 CAD No. Rooms 18
Sale Type Investment or Owner User No. Stories 1
Property Type Hospitality Year Built 1957
Property Subtype
Hotel
Parking Ratio 2.99/1,000 SF
Building Class C Corridor Exterior
Lot Size 1.76 AC Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Size 8,702 SF
Zoning O-2 - CORP
Price Per Room $104,378 CAD
Sale Type Investment or Owner User
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 1.76 AC
Building Size 8,702 SF
No. Rooms 18
No. Stories 1
Year Built 1957
Parking Ratio 2.99/1,000 SF
Corridor Exterior
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning O-2 - CORP

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 18 $83.35 CAD -

Links

Property Taxes

Parcel Number 792-67-18-18-500-000 Improvements Assessment $300,620 CAD
Land Assessment $757,123 CAD Total Assessment $1,057,743 CAD

Property Taxes

Parcel Number
792-67-18-18-500-000
Land Assessment
$757,123 CAD
Improvements Assessment
$300,620 CAD
Total Assessment
$1,057,743 CAD
 

  • Listing ID: 30307655

  • Date on Market: 2023-12-07

  • Last Updated:

  • Address: 8924 US-1, Richmond, VA 23237

The Hospitality Property at 8924 US-1, Richmond, VA 23237 is currently available for Sale. Contact Commonwealth for more information.

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