For Sale
$4,750,000

4511 John Tyler Hwy Williamsburg, VA 23185

Williamsburg, VA Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
Governor's Green is a 31,750-square-foot neighborhood shopping center located at 4511 John Tyler Hwy, Williamsburg, VA 23185, in James City County. This well-established center boasts a strong tenant roster, with many businesses having occupied their spaces for over five years. A key feature is its proximity to a newly rebranded Harris Teeter grocery store, providing significant traffic and visibility. The center comprises ten units, currently featuring a mix of established businesses including Ace Hardware. Two vacant units present a unique opportunity for potential buyers. One is a 1,200-square-foot former salon space, and the other is a larger 8,450-square-foot space previously occupied by Rite Aid. This larger space offers a significant chance for owner-occupancy, combining personal use with the benefit of continued rental income from the other tenants. The asking price for this exceptional investment opportunity is $4,750,000, translating to $149.61 per square foot. McDonald's and PNC Bank occupy separately owned outparcels adjacent to the property, further enhancing the location's appeal and foot traffic. This property offers a compelling blend of established tenancy, strong location, and significant potential for future growth and value appreciation.

Highlights

  • $4,750,000 asking price for a 31,750 square foot shopping center.
  • Located at 4511 John Tyler Hwy, Williamsburg, VA 23185.
  • Neighborhood center shadow-anchored by a Harris Teeter.
  • Tenants include Ace Hardware (5+ years occupancy).
  • Two vacant units (1,200 SF & 8,450 SF), offering owner-occupancy potential.

Property Details for 4511 John Tyler Hwy

Property type
Lifestyle centers, Power centers
Square Feet
31,750 SF

Location Insight

City
Williamsburg
County
James City
State
Virginia
Latitude
37.25185429
Longitude
-76.76384039

FAQs

What type of property is this?
Lifestyle center - Williamsburg, VA Retail Investment Opportunity
Where is the lifestyle center located?
The property is located at 4511 John Tyler Hwy Williamsburg, VA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: $4,750,000 asking price for a 31,750 square foot shopping center.; Located at 4511 John Tyler Hwy, Williamsburg, VA 23185.; Neighborhood center shadow-anchored by a Harris Teeter.
How can I contact the broker?
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4511 John Tyler Hwy
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