2200 Richmond RdWilliamsburg, VA 23185

Property Details for 2200 Richmond Rd

Year built

2005

Lot size

6.63 AC

Property size (Sq ft)

45,628 SF

Zone code

B-2 (CORRIDOR BUSINESS)

Property type

Retail properties

Property subtype

Retail space

APN

3809.158.045

APU

3809158045

Description

This exceptional free-standing retail property, located at 2200 Richmond Rd in Williamsburg, Virginia, presents a significant investment opportunity. The building, constructed in 2005, boasts a substantial 64,908 square feet of space situated on a generous 6.63-acre lot. The property is zoned B-2 and features a two-story structure with ample parking for 186 vehicles. Elevators are available for convenient access to both floors. Currently configured for multiple tenants, there are two available spaces ranging from 23,269 to 41,639 square feet, offering flexibility for various retail concepts. The property's prominent location in Williamsburg, VA, 23185, provides excellent visibility and accessibility. Its history as a former Yankee Candle factory adds a unique character and potential for adaptive reuse. The expansive lot size offers significant potential for future expansion or development. This is a rare opportunity to acquire a large, well-located retail property in a thriving market. The property's size, amenities, and location make it an ideal choice for a variety of retail businesses seeking a high-profile presence in Williamsburg. The ample parking ensures convenient access for customers and employees. The property's zoning allows for a wide range of retail uses, providing flexibility for potential buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $12,444,346

  6.5%

  $11,487,088

  7%

  $10,666,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,904,599

  Geo Method

  $19,203,238

• Alternative Use

  Use

  Valuation

  Residential

  $9,689,789

  Hospitality

  $8,875,794

  Educational

  $7,384,556

  Medical

  $7,638,523

  Retail

  $11,487,088

Location Insight

City

Williamsburg

County

Williamsburg City

State

Virginia

Latitude

37.3026

Longitude

-76.7283

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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