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Ironbound Village 3 Office Properties Offered at $2,395,000 in Williamsburg, VA
Investment Highlights
- 15,000 SF Office Portfolio across three separate buildings.
- Flexible Floor Plans for single or multi-tenant occupancy.
- Strong Regional Access to Route 199, I-64, and major Williamsburg destinations.
- Adjacent to New Town, Williamsburg’s premier mixed-use district.
- Value-Add Opportunity with future lease-up potential.
Executive Summary
Located just off Ironbound Road and immediately proximate to New Town, Williamsburg’s premier mixed-use district, the portfolio benefits from convenient access to Route 199, Monticello Avenue, William & Mary, Colonial Williamsburg, and the broader Williamsburg / James City County trade area. This amenity-rich, New Town-adjacent setting supports long-term demand from office, professional, government, institutional, and service-oriented users. The buildings are currently fully occupied by the Department of Parks and Recreation and the Department of Health under short term leases pending relocation to the County’s new HQ building in 2028. The portfolio offers multiple opportunities to re-lease the spaces at market rates, divide the buildings for smaller tenants, or market individual buildings to owner-users seeking scarce small-building ownership opportunities in the New Town corridor. Each building offers a flexible layout suitable for a single 5,000-square-foot user or two 2,500-squarefoot tenants. There is sufficient parking to meet a variety of user requirements.
Property Facts
| Price | $2,395,000 | Number of Properties | 3 |
| Price / SF | $164.02 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 14,602 SF |
| Status | Active | Total Land Area | 0.68 AC |
| Price | $2,395,000 |
| Price / SF | $164.02 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 14,602 SF |
| Total Land Area | 0.68 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5340 Palmer Ln, Williamsburg, VA 23188 | Office | 5,002 SF | 2006 | - |
| 5320 Palmer Ln, Williamsburg, VA 23188 | Office | 4,800 SF | 2006 | - |
| 5300 Palmer Ln, Williamsburg, VA 23188 | Office | 4,800 SF | 1970 | - |
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