7500 Richmond RdWilliamsburg, VA 23188

  • Other commercial real estate
  • 12,998 SF
For Lease
$16.30/SF/YR View listing

Property Details for 7500 Richmond Rd

Year built
2006
Lot size
1.79 AC
Property size (Sq ft)
12,998 SF
Zone code
B1 GENERAL BUSINESS
Property type
Other commercial real estate
APN
23-2 01-0-0071-E
APU
2320100071E

Description

This 2,950 square foot retail space is ideally situated in the Shops at Norge Crossing in James City County, a rapidly growing area. The unit, currently occupied by a fitness center, boasts excellent visibility on Richmond Road, a major commuter route with over 22,000 vehicles passing daily. Its central location within the shopping center provides high foot traffic and benefits from strong anchor tenants including Tractor Supply and O'Reilly Auto Parts, as well as the soon-to-open corporate offices of a regional bank. The space is versatile and suitable for a variety of retail or office uses, such as a gym, general retail store, gift shop, dry cleaner, shipping store, print shop, or card store. The Shops at Norge Crossing offers a diverse mix of existing businesses, including an Allstate Insurance office, coffee shop, nail salon, restaurant, and Chinese takeout restaurant, creating a synergistic environment for new tenants. The property is classified as Class B and is part of a multi-tenant building. This presents a unique opportunity to establish a business in a thriving commercial center with significant daily traffic and a strong tenant mix. The entire 2,950 square feet is currently vacant and ready for immediate occupancy. This prime location offers exceptional potential for growth and success.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,760,320
    Hospitality
    $2,528,438
    Educational
    $2,103,631
    Medical
    $2,175,978
    Retail
    $3,272,315
7500 Richmond Rd, Williamsburg, Virginia

Location Insight

City
Williamsburg
County
James City
State
Virginia
Latitude
37.3715
Longitude
-76.7737
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
$13,666
$412,600
$1,202,800
$1,615,400
-
$412,600
$1,202,800
$1,615,400

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