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1640 Richmond Rd 4,830 SF Retail Building Williamsburg, VA 23185 $2,954,700 CAD ($611.74 CAD/SF) 5.60% Cap Rate
Investment Highlights
- Signalized Intersection
- 1.5 Acre Parcel
- Operating Restaurant
Executive Summary
OPERATING RESTAURANT | LEASE RUNS THROUGH 10/31/2029. SIGN AND EMAIL CONFIDENTIALITY AGREEMENT FOR LEASE TERMS.
SALE PRICE: $2,100,000
(ASSESSED AT $2,428,000)
SALE PRICE: $2,100,000
(ASSESSED AT $2,428,000)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,830 SF
Building Class
B
Year Built
1997
Price
$2,954,700 CAD
Price Per SF
$611.74 CAD
Cap Rate
5.60%
NOI
$165,463 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.57 AC
Zoning
B-2
Parking
118 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
145’ on Richmond Rd
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3509.932.508 | Improvements Assessment | $1,637,185 CAD |
| Land Assessment | $1,766,488 CAD | Total Assessment | $3,403,674 CAD |
Property Taxes
Parcel Number
3509.932.508
Land Assessment
$1,766,488 CAD
Improvements Assessment
$1,637,185 CAD
Total Assessment
$3,403,674 CAD
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1640 Richmond Rd
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