5509 Richmond Rd
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5509 Richmond Rd
6,100 SF Retail Building Williamsburg, VA 23188 $2,300,000 ($377/SF)
Investment Highlights
- Fully Built-Out Restaurant - FF&E Conveys & Turn-Key Ready!
- Adjacent to Williamsburg Premium Outlets, Drawing Over 3.5M Annual Visits From a Large Demographic Bucket
- Sitting on 1.83 Acres, The Property Provides the Opportunity to Expand the Existing Restaurant Footprint or Enact a Larger Redevelopment Play
- Richmond Rd is the Dominant Commercial Corridor in the Submarket and Greater Williamsburg Area
- Growing & Affluent Trade-Area With Over 70,000 People Living Within 5 Miles of the Property, Earning Over $118,000/YR
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,100 SF
Building Class
B
Year Built
2006
Price
$2,300,000
Price Per SF
$377
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.83 AC
Zoning
B1 - General Business
Frontage
71 FT on Richmond Road
Amenities
- Dedicated Turn Lane
- Restaurant
- Signage
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 33-3-01-0-0005F | Improvements Assessment | $1,330,600 |
| Land Assessment | $845,000 | Total Assessment | $2,175,600 |
PROPERTY TAXES
Parcel Number
33-3-01-0-0005F
Land Assessment
$845,000
Improvements Assessment
$1,330,600
Total Assessment
$2,175,600
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5509 Richmond Rd
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