2035 James Monroe
Colonial Beach, VA, 22443 $ 4,000,000
Baths0.0 Sq 2,063,872 Monthly Estimate*
$ 27,941
Studio
for $4,000,000. This 2,063,872 square foot building was built in 1970 on a lot size of 47.38.
Rare Opportunity to Acquire a Thriving Turnkey Business in an Exceptional Location! They say in real estate, it's all about the Location, Location, Location, and here you have prime real estate nestled in the heart of the DMV area Smith Bros. Dragway LLC (Custom Ts Motorsports Parkway, LLC. Inc) This is an unparalleled opportunity to own a multi-million-dollar enterprise in an enviable location. Strategically situated, this racetrack boasts proximity to major cities: just an hour's drive to DC, Richmond, and a mere 45 minutes to Fredericksburg and how about 4 short miles to Colonial Beach With Baltimore, the Eastern Shore, Tidewater, Philadelphia, and even NYC all within convenient reach, this location ensures access to a vast population exceeding 9 million people, promising immense potential for business success. Spanning over 45 acres, this esteemed racing facility features a state-of-the-art 1/8-mile dragstrip, situated in Colonial Beach, VA. Established in 1963, this racetrack has been under the ownership of Larry Thompson since 2018. Under his ownership, this venue has garnered an impeccable reputation for unparalleled customer service, fostering a loyal following of enthusiasts and racers who return year after year. Custom Ts stands out as a premier motorsports destination on the East Coast, having hosted renowned racing personalities along with electrifying performances by notable Grammy-nominated artists. Moreover, the track has garnered extensive media coverage from industry giants, further amplifying its prestige and reach. This turnkey offering includes all essential amenities and infrastructure to seamlessly continue operations. EVERYTHING CONVEYS From the fully-equipped kitchen to the essential track maintenance equipment, as well as the versatile sheds and office trailers, everything necessary for the smooth functioning of the facility is included. Don't miss out on this extraordinary opportunity to own a piece of motorsports history and take your business to new heights. The track will be open for business while on the market for sale. So feel free to stop by when were open to see your potential investment at work.
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FeaturesInteriorHeating Fuel Electric
Hot Water 60+ Gallon Tank
Heating Y/N Y
Central Air Y/N N
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GeneralSewer Private Septic Tank
Heating Space Heater
Cooling Window Unit(s)
Possession Settlement
Zoning COMMERCIAL
Construction Materials Frame Aluminum Siding Asphalt Modular/Manufactured
Year Built 1970
Property SubType Sports and Entertainment
Tax Year 2017
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Other
Accessibility 2+ Access Exits
County WESTMORELAND
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Rt 3 Kings Hwy to 205 James Monroe Hwy to 631 Longfield Rd and turn rt into Custom T's driveway from 301 Dahlgren Va left onto 206 Dahlgren Rd and left to 301S and left on 218 E to 205 E turn rt ot
City COLONIAL BEACH
Buyer Agent Compensation 3
Lot Size Square Feet 2063872.80
Waterfront Y/N N
Street Name JAMES MONROE
Tax Annual Amount 1119.0
Price Per Sq Ft 7393.72
Acceptable Financing Cash Conventional
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 45
Standard Status Active
Year Built Source Estimated
Buyer Agent Compensation Type % Of Gross
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ExteriorWater Source Well
Type of Parking Driveway Other
Water View Y/N N
Building Area Total 541.00
Lot Size Acres 47.38
Lot Size Units Square Feet
Lot Size Source Estimated
Other Equipment See Remarks
Land Assessed Value 138400.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByExit Realty ExpertiseBroker
cynthia.exitrealtor@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $27,941
- Monthly Property Taxes
- $93
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Colonial Beach, VA
Average List Price $1,262,225
Percent of Sale Price 68%
About Colonial Beach, VA 3,418 Population
12% Since 2002
$ 61,015 Median Income
46.43 Median Age
15% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/18/2024 | $4,000,000 | | Listed Price |