Williamsburg Development Site 3 Retail Properties Offered at $4,100,000 in Williamsburg, VA

Positioned along one of Williamsburg’s most traveled historic corridors, this 3-parcel, 3.28-acre commercial opportunity delivers unmatched visibility, access, and long-term value. With 450 feet of prominent frontage on Richmond Road, the site sits directly adjacent to the #3 Wingate Hotel in the state and faces the #5 Hampton Inn, placing it squarely within a thriving hospitality and retail hub.
The property features three vacant single-tenant buildings, each meticulously maintained and ideal for restaurant, retail, medical, or select residential uses under GB (General Business) zoning. With a combined 14,168 sq ft of existing improvements and 160+ parking spaces—plus cross-access parking shared with the neighboring hotel—this site is primed for immediate occupancy or redevelopment. Market rent for restaurant space is a strong $25 NNN, reinforcing the area’s robust commercial demand.
Surrounded by national brands including Food Lion, Olive Garden, CVS, Aldi, and multiple hospitality flags, the location benefits from a dense and affluent consumer base: 77,000+ residents within 5 miles and an impressive $118,000+ average household income within 3 miles. The property also sits minutes from major new developments such as the Williamsburg Sports & Event Center, MidTown Row, and expanding residential communities—further boosting traffic and growth potential.