1205 Lightfoot RdWilliamsburg, VA 23188-9002

  • Other commercial real estate
  • 2,336 SF
For Sale
$985,000 View listing

Property Details for 1205 Lightfoot Rd

Year built
1967
Lot size
3.07 AC
Property size (Sq ft)
2,336 SF
Zone code
ECONOMIC OPPORTUNITY
Property type
Other commercial real estate
APN
B20D-4999-1346
APU
B20D49991346

Description

This 3.1-acre commercial land parcel, located at 1205 Lightfoot Road in Williamsburg, Virginia (APN B20d-4999-1346), presents a unique investment opportunity. Zoned EO (Economic Opportunity), this property offers significant development potential for a variety of commercial uses. Its strategic location provides easy access to major roadways, including the Richmond Road commuter and commercial growth corridor, placing it within close proximity to numerous amenities and businesses. Nearby establishments include Sentara Hospital, Lowe's, Walmart, Home Depot, Great Wolf Lodge, and the Holiday Inn Resort. Furthermore, its proximity to Virginia Peninsula Community College and the Williamsburg Pottery further enhances its appeal. The property is also conveniently situated minutes from Bush Gardens and Water Country USA, and within an hour's drive of Virginia Beach and a 45-minute drive of Richmond. Conceptual plans for a multi-structure industrial facility have been submitted for adjacent properties, suggesting future growth and increased property value. This exceptional location and zoning make this 3.1-acre parcel an ideal investment for developers seeking to capitalize on the thriving commercial landscape of the Historic Triangle. The asking price is $985,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $523,521
    Hospitality
    $479,543
    Educational
    $398,974
    Medical
    $412,695
    Retail
    $620,626
1205 Lightfoot Rd, Williamsburg, Virginia

Location Insight

City
Williamsburg
County
York
State
Virginia
Latitude
37.3516
Longitude
-76.7381
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
2024
$3,554
$361,600
$118,700
$480,300
-
$361,600
$118,700
$480,300

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