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406 Bypass Rd - Commercial Land
1.92 Acres of Commercial Land Offered at $585,000 in Williamsburg, VA 23185
Investment Highlights
- Over 1,500 hotel/motel rooms along ByPassRoad corridor
- 28,000 local or tours cars per day travel on ByPass Road
- Over 1,000 timeshare units within a 1 mile radius
Executive Summary
Located 1.5 miles from Colonial Williamsburg and the College of William and Mary with quick access to Interstate 64. Located on the south side of Bypass Road between 7-11 and Country Inn & Suites in York County, Virginia.
All Information Deemed Reliable but not Guaranteed
Property Facts
1 Lot Available
Lot
| Price | $585,000 | Lot Size | 1.92 AC |
| Price Per AC | $304,688 |
| Price | $585,000 |
| Price Per AC | $304,688 |
| Lot Size | 1.92 AC |
Property is well located on By-Pass road for tourist, commuter, and local corridor. General Business (GB) Zoning : Broad range of retail commercial uses, shopping centers, fast food establishments, business and professional services, and automotive.
Description
This property has leases of $28,200 per year and with work on the 3rd structure on the property would be needed.....so there is income now, and opportunity to repurpose the property and improve the property with an income stream prior to development.
PROPERTY TAXES
| Parcel Number | D15D-3270-1791 | Improvements Assessment | $4,000 |
| Land Assessment | $810,000 | Total Assessment | $814,000 |
PROPERTY TAXES
zoning
| Zoning Code | GB - General Business |
| GB - General Business |
-
John Wilson -
Coldwell Banker Commercial
Presented by
406 Bypass Rd - Commercial Land
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