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6895 Richmond Rd - Prime Williamsburg Commercial Parcel

21.97 Acres of Commercial Land Offered at $8,242,287 in Williamsburg, VA 23188

Investment Highlights

  • Perfectly-positioned just off I-64 and equidistant to Richmond to the north and Norfolk, Virginia Beach, and Chesapeake to the south.
  • Positioned on the areas largest Growth and Commuter corridor.
  • Mixed-use (MU) Zoned
  • Adjoins Colonial Heritage, 1,400-acre 55+ community.

Executive Summary

6895 Richmond Road presents a significant opportunity to acquire a nearly 22-acre parcel of land along the area’s largest commercial and commuter corridor. This property is adjoining to the largest senior (55+) community, Colonial Heritage, in the area.The property is located on a major growth corridor. Zoned for Mixed-Use (MU), providing investors with multiple development options, including retail master plan, capitalizing on the area’s high density residential and commercial. Consumers are consistently drawn to the area for retirement, convenient living. Easy access to both Richmond and Norfolk via I-64. Preliminary retail shopping center plans available upon request. This property is available for purchase. (This property is not zoned for multifamily use).
All Information Deemed Reliable but not Guaranteed

Property Facts

Price $8,242,287
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Bank
  • Convenience Store
  • Fast Food
  • General Freestanding
  • Healthcare
  • Health Club
  • Hospital
  • Medical
  • Public Swimming Pool
  • Service Station
  • Storefront, Retail or Office
  • Supermarket
Total Lot Size 21.97 AC

1 Lot Available

Lot 6895

Price $8,242,287
Price Per AC $375,161
Lot Size 21.97 AC

21.97 acres of prime commercial zoned unimproved land along Williamsburg's largest commuter and growth corridor. Provides frontage on Richmond Road, adjoins Colonial Heritage (a 1,400 unit 55+ community) The parcel is level and is easily developed.

Description

6895 Richmond Road presents 21.97 acres of prime commercial land along Williamsburg’s largest commuter and growth corridor. The property is level, easily developed, and provides direct frontage on Richmond Road, which sees over 21,000 vehicles passing along it each day. Some entitlements are in-place allowing the creative investor to develop the property as multi-use.. The tract of land is perfectly placed as it adjoins Colonial Heritage, 1,400 acres of a 55+ age-restricted community, and the 20+ acre parcel to the east has been sold in order to develop an assisted care living facility. This growth corridor is home to Sentara Regional Hospital, Walmart, Lowes, Home Depot, Thomas Nelson Community College, and the Harris Teeter in the Lightfoot Marketplace. This parcel of land is only a brief six-minute drive to I-64, which is the main thoroughfare that connects Richmond to Norfolk, Virginia Beach, Chesapeake, and Newport News which are all within an hour’s drive. Investors can also look forward to capitalizing on the consumers drawn to the area by Busch Gardens, Colonial Williamsburg, Water Country, Great Wolf Lodge. One mile from Premier Outlets of Williamsburg, and 11 minutes from the College of William & Mary.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-3 01-0-0032-B
Land Assessment
$2,298,100
Improvements Assessment
$347,700
Total Assessment
$2,645,800

zoning

Zoning Code MU (Mixed Use Zoning)
MU (Mixed Use Zoning)
  • Listing ID: 18702347

  • Date on Market: 3/1/2020

  • Last Updated:

  • Address: 6895 Richmond Rd, Williamsburg, VA 23188

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