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230 Monticello Ave 4,668 SF 100% Leased Office Building Williamsburg, VA 23185 $1,200,000 ($257.07/SF) 6.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Timeless Brick Building which offers high visibility and impulse in the Mid-Town Corridor.
- Income Producing!
EXECUTIVE SUMMARY
This property is located in the heart of Williamsburg! It is only a mile from New Town and the High Street Development yet rents for FAR LESS! Across the street is the William & Mary School of Education and the building has monument signage along Monticello Avenue! This is an ideal location for a business that wants high visibility, a private parking lot, and substantially lower rent than New Town or High Street!
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,668 SF
Building Class
B
Year Built/Renovated
1962/2009
Price
$1,200,000
Price Per SF
$257.07
Cap Rate
6.20%
NOI
$74,400
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,334 SF
Slab To Slab
10’
Building FAR
0.23
Lot Size
0.46 AC
Zoning
B-3
Parking
18 Spaces (3.5 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Apple Tree Medicine
- -
- -
- -
- -
- Bikes Unlimited
- -
- 450 SF
- -
- -
- Cardinal Dental Lab
- -
- 300 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Apple Tree Medicine | - | - | - | - | ||
| Bikes Unlimited | - | 450 SF | - | - | ||
| Cardinal Dental Lab | - | 300 SF | - | - |
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PROPERTY TAXES
| Parcel Number | 3010.701.715 | Improvements Assessment | $268,100 |
| Land Assessment | $393,800 | Total Assessment | $661,900 |
PROPERTY TAXES
Parcel Number
3010.701.715
Land Assessment
$393,800
Improvements Assessment
$268,100
Total Assessment
$661,900
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230 Monticello Ave
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