For Sale
$600,000

835 Capitol Landing RdWilliamsburg, VA 23185

Prime Williamsburg location, 2416 sq ft, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This 2,416 square foot retail property, located at 835 Capitol Landing Rd, Williamsburg, VA 23185, presents a unique redevelopment opportunity. Built in 1955 and renovated in 2019, this single-story, Class B building sits on a 1-acre lot (APN: 3120.752.035) and is zoned B4. Currently configured as a restaurant and convenience store, it offers significant flexibility for conversion to office space or other retail uses. The property is being sold "as is" fee simple, with an asking price of $600,000 ($248.34/sq ft). Its prime location on Capitol Landing Road, considered the "Gateway to Williamsburg," places it within the Culinary Arts and Hospitality District and a designated Opportunity Zone, providing access to various investment incentives. The property benefits from its proximity to a planned 235-unit apartment/townhouse development within one mile. The business is currently closed, and tours are available by appointment only. The occupancy date is September 14, 2023. This presents a compelling investment opportunity in a rapidly developing area.

Highlights

  • Prime Williamsburg location in the heart of the Culinary Arts and Hospitality District.
  • Strategic position within the Capital Landing redevelopment area.
  • Sole full-service restaurant on Capital Landing Road.
  • Situated in a designated Opportunity Zone, offering potential tax benefits.
  • Proximity to a new 235-unit apartment/townhouse development (within one mile).
  • Substantially reduced price; property sold "AS IS."

Property Details for 835 Capitol Landing Rd

Property type
Retail properties, Restaurants
Square Feet
2,416 SF
Class
B
Year Built/Renovated
1955/2019
Buildings
1
Stories
1

Location Insight

City
Williamsburg
County
Williamsburg City
State
Virginia
Latitude
37.281324580986
Longitude
-76.688878715015
835 Capitol Landing Rd, Williamsburg, Virginia

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835 Capitol Landing Rd
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