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Retail - Olde Towne Marketplace 5242 Olde Towne Rd 800 - 2,400 SF of Retail Space Available in Williamsburg, VA 23188
HIGHLIGHTS
- Located at the high-traffic intersection of Longhill Road and Olde Towne Road in Williamsburg.
- The Cardinal Ridge Development will add nearly 1,000 residential units to the area.
- Williamsburg Premium Outlets are "just around the corner" at the intersection of Olde Towne Rd and Richmond Rd.
- Recent infrastructure improvements, including a new roundabout, have enhanced traffic flow and safety.
- Located adjacent to the prestigious Fords Colony and Windsor Forest neighborhoods, multiple apartment complexes and resort timeshares.
- Immediate connectivity to Route 199 and it's dual interchanges with Interstate 64.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste Unit 9 | 800 SF | 8’10” | Negotiable | $17.50 /SF/YR $1.46 /SF/MO $14,000 /YR $1,167 /MO | Modified Gross | |
| 1st Floor, Ste Units 3-4 | 1,600 SF | - | Negotiable | $17.50 /SF/YR $1.46 /SF/MO $28,000 /YR $2,333 /MO | Modified Gross |
1st Floor, Ste Unit 9
This exceptional 800 square foot inline retail space is now available for lease at one of Williamsburg’s most vibrant intersections—Olde Towne Road and Longhill Road. Ideal for a variety of retail concepts, the space benefits from outstanding co-tenancy alongside established and high-traffic eateries including Hibachi Buddha, LLC, Pika, LLC, and the popular Uncle Russ' Dockside Seafood Market. This synergistic tenant mix ensures strong customer draw and foot traffic throughout the day. Located in a thriving commercial corridor with excellent visibility and easy access, this space presents a unique opportunity to join a bustling retail community in a prime location.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Private Restrooms
- Drop Ceilings
- Finished Ceilings: 8’10”
- Great neighborhood tenant mix.
- New building and monument signage.
1st Floor, Ste Units 3-4
We’re pleased to offer a prime leasing opportunity: a 1,600-square-foot end cap retail space perfectly suited for a restaurant or food service concept. Previously occupied by a well-regarded local operator who recently decided to pursue retirement, the space is fully built out and turnkey—allowing for immediate occupancy with minimal upfront investment. Situated at the high-visibility corner of Longhill Road and Olde Towne Road, this location provides outstanding exposure to both local residents and passing commuters. Tenants will also benefit from prominent signage opportunities, offering exceptional branding potential in one of Williamsburg’s most active corridors—an ideal setting for any operator looking to establish or grow their presence in the market.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Fully built out as a restaurant opportunity.
- Great co-tenancy in surrounding corridor.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 2,400 SF | Year Built | 1994 |
| Property Type | Retail | Parking Ratio | 3.86/1,000 SF |
| Gross Leasable Area | 8,800 SF |
| Total Space Available | 2,400 SF |
| Property Type | Retail |
| Gross Leasable Area | 8,800 SF |
| Year Built | 1994 |
| Parking Ratio | 3.86/1,000 SF |
ABOUT THE PROPERTY
Olde Towne Marketplace, Located at 5242 Olde Towne Road in Williamsburg, Virginia, offers a premier retail location at the intersection of Longhill Road and Olde Towne Road. Recent infrastructure improvements, including the completion of the Longhill Road widening project in April 2023, have significantly enhanced traffic flow in the area. The addition of a roundabout at the intersection of Longhill Road and Williamsburg Plantation Drive has streamlined access, reducing congestion and improving safety for both drivers and pedestrians. Further enhancing the area’s appeal is the redevelopment of surplus land from the Eastern State Hospital. The Cardinal Ridge development, covering approximately 368 acres, will introduce up to 946 residential units, including apartments, townhomes, and single-family homes, along with 19.6 acres of commercial space. This influx of residents is expected to drive consumer demand, providing a steady and growing customer base for retailers in the vicinity. With its prime location, improved traffic infrastructure, and proximity to expanding residential communities, 5242 Olde Towne Road stands as an ideal choice for retailers seeking high visibility and access to a dynamic, flourishing market.
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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Retail - Olde Towne Marketplace | 5242 Olde Towne Rd
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