4801 Courthouse StWilliamsburg, VA 23188

  • Commercial real estate
  • 59,898 SF

Property Details for 4801 Courthouse St

Year built
2003
Lot size
1.29 AC
Property size (Sq ft)
59,898 SF
Zone code
MU MIXED USE
Property type
Commercial real estate
APN
38-4 24-0-0001
APU
3842400001

Description

This exceptional retail opportunity is located within the vibrant New Town Shops at Main, a thriving lifestyle center in James City County. The property boasts a total of 248,176 square feet, with 22,832 square feet currently vacant and available for lease. Tenants can choose from spaces ranging from a minimum of 1,100 square feet to a maximum contiguous space of 7,435 square feet, offering flexibility for various business needs. Situated at the bustling intersection of Route 199 and Monticello Avenue, this location benefits from exceptional visibility and high traffic volume, exceeding 50,000 vehicles per day. The property is anchored by 1.75 million square feet of retail, office, residential, and entertainment space, creating a strong, built-in customer base within a pedestrian-friendly, community atmosphere. Its prime location places it just minutes away from major attractions including Colonial Williamsburg, Busch Gardens, Water Country USA, Premium Outlets, and The College of William & Mary, ensuring a constant flow of potential customers. This mixed-use development offers a unique opportunity to establish a business within a thriving and well-established community. The property's strategic location and impressive surrounding amenities make it an ideal choice for retailers seeking a high-traffic, high-visibility location in a desirable area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $12,720,237
    Hospitality
    $11,651,669
    Educational
    $9,694,051
    Medical
    $10,027,445
    Retail
    $15,079,636

Location Insight

City
Williamsburg
County
James City
State
Virginia
Latitude
37.2773
Longitude
-76.7423
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$83,942
$675,100
$9,318,000
$9,993,100
-
$675,100
$9,318,000
$9,993,100

FAQs

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