VIP Inn 2301 Willis Rd
109 Room Hotel North Chesterfield, VA 23237 $8,950,000 ($82,110/Room)
INVESTMENT HIGHLIGHTS
- Over 1,000’ of I-95 frontage
- New entrance planned
- Great Interstate Visibility
- Major access improvements planned to Willis Rd/I-95 interchange
- 110,000 VPD on I-95
- Comp Plan calls for Regional Mixed-Use
EXECUTIVE SUMMARY
Currently operating as the VIP Motor Inn, this 8.6 acre at and fully developed property is zoned C-5 unconditional allowing for a wide variety of motor vehicle, truck, trailer and boat sales and repair uses.
A Contractor’s office, shop and outdoor storage is also allowed by right.
With over 1,000’ of frontage along I-95 and 110,000 average daily vehicle traffic, the property offers excellent highway commercial visibility and access. Chesterfield county is seeking Federal highway funds for major enhancements to the Willis Rd,/I-95 interchange that will substantially increase trac ow and improve its access. The plans call for the acquisition of the existing Sunoco station and for a new entrance to be installed there.
The Comprehensive Plan calls for the property and its northern adjacents to be Regional Mixed-Use with a minimum density of 20 residential units to the acre with integrated employment and commercial uses.
A Contractor’s office, shop and outdoor storage is also allowed by right.
With over 1,000’ of frontage along I-95 and 110,000 average daily vehicle traffic, the property offers excellent highway commercial visibility and access. Chesterfield county is seeking Federal highway funds for major enhancements to the Willis Rd,/I-95 interchange that will substantially increase trac ow and improve its access. The plans call for the acquisition of the existing Sunoco station and for a new entrance to be installed there.
The Comprehensive Plan calls for the property and its northern adjacents to be Regional Mixed-Use with a minimum density of 20 residential units to the acre with integrated employment and commercial uses.
PROPERTY FACTS
| Price | $8,950,000 |
| Price Per Room | $82,110 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 8.61 AC |
| Building Size | 78,137 SF |
| No. Rooms | 109 |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.48/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
AMENITIES
- Restaurant
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 109 | $77.00 | - |
PROPERTY TAXES
| Parcel Number | 795-67-00-18-200-000 | Improvements Assessment | $2,650,300 |
| Land Assessment | $1,499,700 | Total Assessment | $4,150,000 |
ZONING
| Zoning Code | C5 (Unconditional) |
