4501 News RdWilliamsburg, VA 23188

Property Details for 4501 News Rd

Year built

2006

Lot size

2.64 AC

Property size (Sq ft)

14,556 SF

Zone code

R4 RESIDENTIAL PLANNED CO

Property type

Other commercial real estate

APN

38-3 01-0-0031-B

APU

3830100031B

Description

This exceptional 2.36-acre mixed-use property at 4501 News Road in Williamsburg, Virginia, presents a compelling investment opportunity. Boasting a substantial 102,801 square feet, the property is zoned R4 (Residential Planned Community District) and offers significant potential for various commercial ventures. Its prime location along a highly visible commercial corridor ensures maximum exposure, with daily traffic counts exceeding 37,994 vehicles on Monticello Road. The property benefits from its proximity to established businesses, including a Rite Aid drug store and the Monticello Marketplace shopping center, enhancing its appeal and accessibility. Existing infrastructure includes a paved parking area and an onsite water retention pond, minimizing development costs and streamlining the process. The asking price is $950,000, translating to a price per square foot of $9.24. This property's strategic location, substantial size, and existing infrastructure make it an ideal investment for developers and entrepreneurs seeking a high-visibility location in a thriving community. The property's address is 4501 News Rd, Williamsburg, VA 23188. This is a rare opportunity to acquire a significant commercial parcel in a high-demand area.

• Alternative Use

  Use

  Valuation

  Residential

  $3,091,184

  Hospitality

  $2,831,508

  Educational

  $2,355,782

  Medical

  $2,436,801

  Retail

  $3,664,549

Location Insight

City

Williamsburg

County

James City

State

Virginia

Latitude

37.2697

Longitude

-76.7619

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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