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1989 Richmond Rd
Williamsburg, VA 23185
Retail Property For Sale
Investment Highlights
- Freestanding building with drive-thru capability on a major retail corridor.
- Flexible interior layout suitable for multiple retail or restaurant concepts.
- Close proximity to Colonial Williamsburg, the College of William & Mary, and Williamsburg Premium Outlets.
- Prominent visibility along Richmond Road with traffic counts of approximately 15,000 ADT.
- Ample on-site parking for customers and employees.
- Convenient access to major highways and regional transportation routes.
Executive Summary
This freestanding restaurant property on Richmond Road offers a rare opportunity to acquire a highly visible retail asset in Williamsburg, Virginia. Positioned along a major commercial corridor, the site benefits from strong traffic counts of approximately 15,000 vehicles per day and excellent accessibility to key regional destinations. The property’s proximity to Colonial Williamsburg, the College of William & Mary, and Williamsburg Premium Outlets ensures a steady flow of local and tourist traffic, creating a robust customer base for any retail or dining concept.
The building features a flexible layout that can accommodate a variety of uses, supported by ample on-site parking for both customers and employees. Its drive-thru capability adds operational versatility and enhances convenience for quick-service or fast-casual concepts. With surrounding national retailers and established shopping centers, this location offers long-term value and strong market fundamentals for investors seeking a well-positioned retail property in a thriving trade area.
The building features a flexible layout that can accommodate a variety of uses, supported by ample on-site parking for both customers and employees. Its drive-thru capability adds operational versatility and enhances convenience for quick-service or fast-casual concepts. With surrounding national retailers and established shopping centers, this location offers long-term value and strong market fundamentals for investors seeking a well-positioned retail property in a thriving trade area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,691 SF
Building Class
C
Year Built/Renovated
1978/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.75 AC
Zoning
GB - General business
Parking
35 Spaces (13.01 Spaces per 1,000 SF Leased)
Frontage
116’ on Richmond Rd
Amenities
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | C16D-3888-1709 | Improvements Assessment | $722,000 |
| Land Assessment | $731,300 | Total Assessment | $1,453,300 |
Property Taxes
Parcel Number
C16D-3888-1709
Land Assessment
$731,300
Improvements Assessment
$722,000
Total Assessment
$1,453,300
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