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Quality Inn & Suites | Redev Opportunity 2 Properties Offered at $10,000,000 in Ruther Glen, VA

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INVESTMENT HIGHLIGHTS

  • Positioned directly off I-95 at Exit 104, the Quality Inn & Suites in Ruther Glen, Virginia offers a prime opportunity for investors or owner-operator

EXECUTIVE SUMMARY

Positioned directly off I-95 at Exit 104, the Quality Inn & Suites in Ruther Glen, Virginia offers a prime opportunity for investors or owner-operators seeking a high-visibility, cash-flowing asset with substantial upside. The property features a 120-room, midscale branded hotel situated just 5 minutes from Kings Dominion amusement park—making it a natural draw for both regional travelers and I-95 traffic.
Set on a total of 8.03 acres zoned B1 Commercial, the site consists of a 3.71-acre hotel parcel with a 62,704 SF two-story building and a Vacant 7766 SF second-generation restaurant—pending renovation and/or new tenant/lease. The hotel includes a variety of room types, a breakfast area, and 12 out-of-service rooms ready for renovation, presenting an easy value-add component.
This investment is further enhanced by multiple income streams, including:
A communications tower lease with Verizon.
Approx. $100,000 in annual semi-truck parking revenue, and
The upside potential of leasing or repositioning the restaurant space.
Beyond hospitality, the full 8.03-acre site offers redevelopment flexibility—ideal for mixed-use, retail, medical, self-storage, or EV charging infrastructure. The surrounding area is undergoing a transformation, with over $1 billion in new development including:
A $900 million indoor/outdoor waterpark,
The forthcoming Thornburg Town Center, and
A 1.2 million SF industrial project, all expected to significantly increase demand for lodging, food, and services.
With immediate cash flow, expansion potential, and flexible zoning in a fast-growing corridor, this property represents a rare chance to acquire a well-located asset with both short-term upside and long-term vision.

PROPERTY FACTS

Price $10,000,000
Price / SF $141.91 / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 70,469 SF
Total Land Area 8.03 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Quality Inn & Suites Ruther Glen
23500 Welcome Way Dr, Ruther Glen, VA 22546
Hospitality 62,704 SF 1968 -
23496 Welcome Way Dr, Ruther Glen, VA 22546 Retail 7,765 SF 1973 -
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  • Listing ID: 36663637

  • Date on Market: 6/14/2024

  • Last Updated:

  • Address: Quality Inn & Suites | Redev Opportunity, Ruther Glen, VA

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