7449 Richmond RdWilliamsburg, VA 23188

  • Other commercial real estate
  • 1,350 SF
For Sale
$500,000 View listing

Property Details for 7449 Richmond Rd

Year built
1959
Lot size
0.40 AC
Property size (Sq ft)
1,350 SF
Zone code
B1 GENERAL BUSINESS
Property type
Other commercial real estate
APN
23-2 02-A-0003
APU
23202A0003

Description

This exceptional commercial property at 7449 Richmond Road, Williamsburg, VA 23188, presents a unique investment opportunity. The 1.1-acre lot boasts valuable road frontage on Richmond Road with convenient secondary access via Laurel Lane. The property includes a 1,550 square foot building, currently suitable for office use or potential residential conversion for on-site business operation. Additional structures include a 23 x 10 workshop building with a concrete floor and a 23 x 39 pole building, offering versatile space for various commercial needs. The property is zoned B-1, allowing for multiple business and commercial uses by right (a detailed list of permitted uses is available). This location offers easy access to both Williamsburg and Richmond, making it an ideal spot for a variety of businesses. The asking price is $500,000. The property and all improvements are sold "As Is." The significant acreage provides ample room for expansion, making this a truly compelling investment opportunity in a thriving area. This is a rare chance to acquire a versatile commercial property with significant potential in a highly desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $286,693
    Hospitality
    $262,609
    Educational
    $218,488
    Medical
    $226,002
    Retail
    $339,870
7449 Richmond Rd, Williamsburg, Virginia

Location Insight

City
Williamsburg
County
James City
State
Virginia
Latitude
37.3693
Longitude
-76.7725
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
$1,394
$140,600
$25,400
$166,000
-
$140,600
$25,400
$166,000

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