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1640 Richmond Rd 4,830 SF Retail Building Williamsburg, VA 23185 $2,100,000 ($434.78/SF) 5.60% Cap Rate
Investment Highlights
- Signalized Intersection
- 1.5 Acre Parcel
- Operating Restaurant
Executive Summary
OPERATING RESTAURANT | LEASE RUNS THROUGH 10/31/2029. SIGN AND EMAIL CONFIDENTIALITY AGREEMENT FOR LEASE TERMS.
SALE PRICE: $2,100,000
(ASSESSED AT $2,428,000)
SALE PRICE: $2,100,000
(ASSESSED AT $2,428,000)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,830 SF
Building Class
B
Year Built
1997
Price
$2,100,000
Price Per SF
$434.78
Cap Rate
5.60%
NOI
$117,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.57 AC
Zoning
B-2
Parking
118 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
145’ on Richmond Rd
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 3509.932.508 | Improvements Assessment | $1,163,600 |
| Land Assessment | $1,255,500 | Total Assessment | $2,419,100 |
Property Taxes
Parcel Number
3509.932.508
Land Assessment
$1,255,500
Improvements Assessment
$1,163,600
Total Assessment
$2,419,100
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1640 Richmond Rd
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