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Property profile & analytics
OFF-MARKET
Motels

2302 Willis Rd North Chesterfield, VA 23237-4610

4,738 SF 2.28 ac lot Built 1963
Individually Owned 17-yr Hold Free & Clear
Property ID
US87-1136852
Property summary
AI-generated overview

This exceptional 4.9-acre commercial and industrial land parcel presents a remarkable investment opportunity. Strategically located off I-95 Exit 68 at 2302 Willis Road in Richmond, Chesterfield County, Virginia (zip code 23237), this property boasts unparalleled visibility and accessibility. The site is zoned C-3 and C-5, allowing for a wide range of commercial and industrial uses. With over 115,000 vehicles passing daily on I-95, this location ensures maximum exposure for any business. All public utilities are readily available, simplifying development and operational costs. The property's prime location, combined with its flexible zoning and high traffic count, makes it an ideal site for a variety of commercial ventures, from retail and restaurants to light industrial and distribution centers. This is a rare opportunity to acquire a highly visible and strategically located parcel of land in a thriving area of Richmond. The asking price is $995,000.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1963
Construction WOOD
Total area 4,738 SF
Lot 2.28 ac (99,491 SF)
Zoning code C5 - GEN BUSINESS DIST
APN 794-67-18-67-500-000
UPID US87-1136852
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
SIVA K R GARA
SIVA K R GARA
Zoning & alternative use
C5 - GEN BUSINESS DIST · North Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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