Longtime Virginia Dragstrip Hits The Real Estate Market

The Custom T’s Motorsports Park, formerly known as Colonial Beach Dragway in Northern Virginia, was listed this week with agent Exit Realty Expertise, for an asking price of $4 million. The 1/8-mile dragstrip, which has been in operation since 1960, is owned by veteran grudge racing promoter Larry Thompson, who took over the facility in 2018. The track carries the name of Thompson’s successful custom screen printing business, Custom T’s, which he founded in 1987 in Washington, DC

The 50-acre facility in Colonial Beach, population 3,900, is located less than two miles from the Maryland state line and the Potomac River, and is a short drive from DC Richmond, and Virginia Beach. Your traditional small-town track, it features all of the essentials without the frills: new scoreboards, freshly paved return road, some limited paved parking, an office and concession building plus other storage outbuildings, covered dining tables, and of course the timing tower , timing system, concrete barrier walls, and simple grandstand seating.

At about 26-grand a month over 30 years before taxes and insurance, whether this Virginia dragstrip is worth the $4 million asking price is up to the discretion of an interested buyer. But we certainly join the local racing community there in hoping that the buyer is a racer and not a developer.