Newmark Southern Virginia Multifamily, as the exclusive advisor, is pleased to present Fort Magruder, a unique 126-unit fully entitled hotel-to-multifamily conversion opportunity located in the high-demand Williamsburg submarket. Strategically positioned just off Route 60, the Property offers exceptional connectivity and is situated within five miles of over 10.4 million square feet of retail, office, and industrial space. This proximity will provide future residents access to a wide range of employment, shopping, and entertainment options, including major regional draws such as Colonial Williamsburg and The College of William & Mary. The proposed adaptive reuse of Fort Magruder offers a significant cost advantage over ground-up development, with estimated construction savings in the range of 17-20%. Furthermore, the project is expected to deliver a stabilized cap rate and internal rate of return (IRR) that exceed market benchmarks, driven by a low acquisition basis and strong rental income potential. This conversion represents a compelling investment opportunity to transform an underutilized hospitality asset into a vibrant residential community, meeting the growing demand for quality housing in Williamsburg. With a clear execution strategy and strong local economic fundamentals, Fort Magruder is ideally positioned to generate durable value and long-term investor returns.