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230 Monticello Ave
Williamsburg, VA 23185
Office Property For Sale
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
$1,675,104 CAD
Price Per SF
$358.85 CAD
Cap Rate
6.20%
NOI
$103,856 CAD
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)
PROPERTY TAXES
| Parcel Number | 3010.701.715 | Improvements Assessment | $375,790 CAD |
| Land Assessment | $551,982 CAD | Total Assessment | $927,772 CAD |
PROPERTY TAXES
Parcel Number
3010.701.715
Land Assessment
$551,982 CAD
Improvements Assessment
$375,790 CAD
Total Assessment
$927,772 CAD
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