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$3,500,000
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Property Description
****BACK ON THE MARKET WITH NEW IMPROVEMENTS****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 T's 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 T's 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.
Full Property Details
Full Property Details for 2035 James Monroe
General
- Price: $3,500,000
- Taxes: $2,237 (2024)
- Status: Active
- Type: Commercial Service
- Source: BrightMLSMidAtlantic
- MLS ID: VAWE2009362
- Updated: 3/6/2026
- Added to Site: 313 day(s) ago
Business
- Business Type: Other
Additional Information
- Equipment: See Remarks
Parking
- Total Spaces: 120
- Parking Type: Driveway, Other
Location
- County: WESTMORELAND
- Driving 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 oto VA631 to left onto 205 W into Custom T's driveway
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Space Heater
- Heating Fuel: Electric
- Water Heater: 60+ Gallon Tank
Utilities
- Sewer: Private Septic Tank
- Water: Well
Structural Information
- Construction: Frame, Aluminum Siding, Asphalt, Modular/Manufactured
- Building Size: 541
- Year Built: 1970
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 47.38
- Lot Size (Sq. Ft.): 2,063,872
- Lot Size Source: Estimated
- Zoning: COMMERCIAL
Financial Considerations
- Price Per Sq. Ft.: $6,469.5
- Assessment Year: 2021
- Tax w/Assessment: $205,100
- Tax Amount: $2,237
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
Listed by AC Realty Group, Cynthia D Fowler
Get Pre-Approved Today
Schools
Schools serving 2035 James Monroe
School District:Westmoreland County Public Schools
| Name | Grades | Distance |
|---|---|---|
Montross Middle School 8884 Menokin Road, Montross, VA 22520 | 6-8 | 16.8 mi |
Washington & Lee High School 16762 Kings Highway, Montross, VA 22520 | 9-12 | 14.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2035 James Monroe
Date
Details
Price
Change
Source
7/19/2025
Listed
$3,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2035 James Monroe
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,395
—
$205,100
—
2024
$1,395
10%
$205,100
—
2023
$1,272
—
$205,100
—
2022
$1,272
-7%
$205,100
14%
2021
$1,372
—
$180,500
—
2020
$1,372
17%
$180,500
—
2019
$1,173
3%
$180,500
—
2018
$1,137
—
$180,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2035 James Monroe
2035 James Monroe, Colonial Beach, VA 22443 (MLS# VAWE2009362) is a Commercial Service property. 2035 James Monroe is currently listed for $3,500,000 and was received on July 19, 2025. Want to learn more about 2035 James Monroe? Do you have questions about finding other Commercial Service real estate for sale in Colonial Beach? You can browse all Colonial Beach real estate or contact a Coldwell Banker agent to request more information.

