For Sale
$950,000

4501 News RdWilliamsburg, VA 23188

High-traffic location, 102,801 SF, $950,000

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 2.36-acre mixed-use property at 4501 News Road in Williamsburg, Virginia, presents a compelling investment opportunity. Boasting a substantial 102,801 square feet, the property is zoned R4 (Residential Planned Community District) and offers significant potential for various commercial ventures. Its prime location along a highly visible commercial corridor ensures maximum exposure, with daily traffic counts exceeding 37,994 vehicles on Monticello Road. The property benefits from its proximity to established businesses, including a Rite Aid drug store and the Monticello Marketplace shopping center, enhancing its appeal and accessibility. Existing infrastructure includes a paved parking area and an onsite water retention pond, minimizing development costs and streamlining the process. The asking price is $950,000, translating to a price per square foot of $9.24. This property's strategic location, substantial size, and existing infrastructure make it an ideal investment for developers and entrepreneurs seeking a high-visibility location in a thriving community. The property's address is 4501 News Rd, Williamsburg, VA 23188. This is a rare opportunity to acquire a significant commercial parcel in a high-demand area.

Highlights

  • 2.36-acre site in a high-visibility commercial corridor.
  • Adjacent to a Rite Aid.
  • Directly across from the News Road entrance to Monticello Marketplace.
  • High traffic count of 37,994 vehicles per day on Monticello Road.
  • Existing on-site water retention pond.
  • Existing paved parking lot.

Property Details for 4501 News Rd

Property type
Mixed-use properties, Land
Square Feet
102,801 SF
Lot Size (sq. ft)
102,802 SF

Location Insight

City
Williamsburg
County
James City
State
Virginia
Latitude
37.2697756
Longitude
-76.7620022
4501 News Rd, Williamsburg, Virginia

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4501 News Rd
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