6493 Richmond Rd - Hospitality FOR SALE


Williamsburg, VA 23188
$2,495,000 USD
757-209-2990
6493 Richmond Rd, Williamsburg, VA for Sale
$2,495,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

6493 Richmond Rd
Williamsburg, VA 23188


HIGHLIGHTS

  • Significant renovations completed, including new roofs
  • Flexible B-1 zoning allows diverse commercial uses
  • High-traffic location near major tourist destinations
  • Includes pool, café, and 12 large suites for added appeal
  • Positioned on 3.386 acres with strong redevelopment potential

OVERVIEW

Positioned along the high-visibility corridor of Richmond Road, this 128-room hospitality property offers a rare value-add investment opportunity in the heart of Williamsburg, Virginia. Spanning 3.386 acres with approximately 32,500 square feet of improvements, the asset combines strong physical infrastructure with exceptional location advantages. Recent capital improvements exceeding $900,000 include new roofing systems and upgrades to key areas, ensuring a solid foundation for repositioning or redevelopment. The property features a finished general manager’s apartment, a welcoming lobby, a pool, a café area, and 12 oversized suites, creating flexibility for a boutique hotel concept or extended-stay accommodations. Its B-1 General Business zoning supports a wide range of commercial uses, from hospitality to retail and office, offering investors multiple exit strategies. Strategically located near major attractions—Colonial Williamsburg (6 miles), Busch Gardens (12 miles), Water Country USA (11 miles), and The College of William & Mary (8 miles)—the site benefits from steady tourism traffic and strong regional demographics. Traffic counts along Richmond Road exceed 20,000 vehicles daily, reinforcing its visibility and accessibility. Surrounding amenities include dining, retail, and entertainment options, making this a prime candidate for adaptive reuse or continued hospitality operations. With a competitive asking price of $2,495,000, this property presents an outstanding opportunity for investors seeking to capitalize on Williamsburg’s thriving tourism economy and growing population base.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$29 USD /SF

# OF ROOMS

128

PRICE/ROOM

$19,492 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel Zuma

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1979

PARKING SPACES

134

LAND DETAILS

LAND ACRES

3.39 AC

LAND SF

147,668 SF

ZONING

B1 GENERAL

APN/PARCEL ID

24-3 01-0-0037

ASK ABOUT THIS PROPERTY

Ron CampanaC & W Real Estate, LLCMore Info
757-209-2990

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Ron CampanaC & W Real Estate, LLCMore Info
757-209-2990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.