105 Bypass RdWilliamsburg, VA 23185

Property Details for 105 Bypass Rd

Year built

2001

Lot size

1.21 AC

Property size (Sq ft)

932 SF

Zone code

GENERAL BUSINESS

Property type

Retail properties

Property subtype

Drive through restaurants

APN

D15A-1212-2706

APU

D15A12122706

Description

This exceptional 932-square-foot retail property at 105 Bypass Road in Williamsburg, Virginia, presents a unique investment opportunity. Situated on a 1.21-acre lot in York County (zip code 23185), this single-tenant building offers unparalleled accessibility and visibility. Its prime location provides easy access to I-64 and Richmond Road, placing it within close proximity to major attractions including William & Mary, Colonial Williamsburg, Busch Gardens, Water Country USA, and the Williamsburg Outlets. The property boasts a double drive-thru, allowing for convenient customer service and operational efficiency. Outdoor seating potential further enhances its appeal. Currently vacant, this site offers flexibility for various development scenarios. A prospective tenant could choose to backfill the existing building, explore a land lease agreement, pursue a build-to-suit project, or even consider a multi-tenant redevelopment to maximize the property's potential. This is an ideal location for businesses seeking high visibility and convenient access to a large customer base in a thriving tourist destination.

• CAP approach

  CAP return

  Valuation

  6%

  $254,189

  6.5%

  $234,636

  7%

  $217,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $263,590

  Geo Method

  $392,246

• Alternative Use

  Use

  Valuation

  Residential

  $197,924

  Hospitality

  $181,297

  Educational

  $150,837

  Medical

  $156,025

  Retail

  $234,636

Location Insight

City

Williamsburg

County

York

State

Virginia

Latitude

37.2864

Longitude

-76.7183

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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