5509 Richmond Rd - Restaurant FOR SALE


Williamsburg, VA 23188
$2,300,000 USD
757-228-1840
5509 Richmond Rd, Williamsburg, VA for Sale
$2,300,000 USD
Restaurant - FOR SALE
1/5
null | Request Cap Rate

5509 Richmond Rd
Williamsburg, VA 23188


HIGHLIGHTS

  • Fully Built-Out Restaurant - FF&E Conveys & Turn-Key Ready!
  • Richmond Rd is the Dominant Commercial Corridor in the Submarket and Greater Williamsburg Area
  • Adjacent to Williamsburg Premium Outlets, Drawing Over 3.5M Annual Visits From a Large Demographic Bucket
  • Growing & Affluent Trade-Area With Over 70,000 People Living Within 5 Miles of the Property, Earning Over $118,000/YR
  • Sitting on 1.83 Acres, The Property Provides the Opportunity to Expand the Existing Restaurant Footprint or Enact a Larger Redevelopment Play

OVERVIEW

Colliers is pleased to present the opportunity to acquire this 2nd generation restaurant parcel along Williamsburg’s dominant commercial corridor of Richmond Rd (25,000 VPD). The property sits prominently along Richmond Rd adjacent to the Williamsburg Premium Outlet Mall, which enjoys over 3.5M visits annually. Limited food options in the immediate vicinity provide an excellent opportunity to backfill the property to fulfill the needs of the growing affluent community. Additionally, the building improvements are situated on an oversized 1.83 acre lot, allowing for future expansion or redevelopment.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$377 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

B1

APN/PARCEL ID

33-3-01-0-0005F

ASK ABOUT THIS PROPERTY

Jeffrey FritzColliers | VirginiaMore Info
757-228-1840

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Jeffrey FritzColliers | VirginiaMore Info
757-228-1840

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.