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Pilgrim Village 3630 George Washington Mem Hwy 43,560 SF 100% Leased Office Building Yorktown, VA 23693 $5,234,700 CAD ($120.17 CAD/SF) 9.70% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Back on the market with an all new look! $375,000 worth of renovations to roof, interior, and exterior!
  • Rental rates, though below market value, are poised for a significant uptick. With escalations ranging from 3 to 5% for all tenants.
  • Convenient access to major transportation arteries, including I-64 and the nearby Newport News International Airport.
  • Class B office space has been recently retrofitted to accommodate the evolving needs of its occupants.
  • Positioned on a generous 2.16-acre parcel, the complex boasts ample parking with 85 spaces.
  • Meticulously maintained 43,560-SF colonial-style office building in the heart of Yorktown, Virginia. Owner financing available at sale.

EXECUTIVE SUMMARY

Thomas Tucker, Agent for Income Properties Inc., presents a meticulously maintained colonial-style office building in the heart of Yorktown, Virginia. Boasting a sprawling 43,560 square feet of versatile space, this property presents a lucrative venture for savvy investors seeking stable returns and substantial growth potential. Currently fully leased to a roster of reputable local tenants on long-term agreements, this property guarantees a steady income stream. The rental rates, though below market value, are poised for a significant uptick. With escalations ranging from 3 to 5% for all tenants.

Originally constructed in 1970 and expanded in 1983, this Class B office space has been thoughtfully retrofitted to accommodate the evolving needs of its occupants. The building comprises 16 office suites, meticulously designed to cater to a diverse range of professional services and medical practices. Adding further versatility, the property offers 2,000 square feet of warehouse space exclusively for tenant use. Positioned on a generous 2.16-acre parcel, the complex boasts ample parking with 85 spaces, ensuring convenience for both tenants and visitors alike.

The location's accessibility is unparalleled, with direct access to the bus line and prominent monument signage commanding attention along George Washington Memorial Highway. Strategically situated in York County, the building enjoys excellent visibility with over 300 feet of frontage and a staggering 55,000 daily vehicle count along George Washington Memorial Hwy. Its central location amid thriving schools, churches, and residential neighborhoods further enhances its appeal, ensuring a steady flow of clientele. Convenient access to major transportation arteries, including Interstate 64 and the nearby Newport News International Airport served by Delta and American Airlines, underscores the property's strategic advantage. Whether seeking a stable income generator or a lucrative value-add opportunity, this premier office building promises to be a cornerstone of success for the disciplined investor.

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SALE FLYER

MORE ATTACHMENTS

Pilgrim

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
43,560 SF
Building Class
B
Year Built/Renovated
1983/2024
Price
$5,234,700 CAD
Price Per SF
$120.17 CAD
Cap Rate
9.70%
NOI
$507,851 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,780 SF
Building FAR
0.46
Lot Size
2.16 AC
Zoning
GB GENERAL - General Business
Parking
85 Spaces (1.95 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Natural Light

ABOUT 3630 GEORGE WASHINGTON MEM HWY , YORKTOWN, VA 23693

This colonial-style office building was built in 1970 and expanded in 1983. Suites are all retrofitted to fit the current tenants in the space. The Class B office space located in Yorktown, VA offers over 41,000 square feet of office space, with 2,000 square feet of warehouse space for tenant use. The complex is situated on 2.16 acres with 155 parking spaces for the wide range of tenants that occupy the 16 office suites. The property includes many amenities, such as access to the bus line, monument signage, and ample natural lighting. Located centrally in York County with many schools, churches, and neighborhoods nearby. Great visibility on George Washington Memorial Hwy with over 300 feet of frontage and 55,000 cars passing by daily. The location and amenities of this building make it an ideal location for professional services and medical practices.

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Center for Autism & Related Disorders
  • -
  • 2,594 SF
  • -
  • -
  • -
  • Davis & Associates
  • -
  • 4,881 SF
  • -
  • -
  • -
  • Dr. Peter Gruhl
  • Health Care and Social Assistance
  • 4,292 SF
  • -
  • -
  • -
  • Health Care and Social Assistance
  • 5,911 SF
  • -
  • Plus Utilities
  • Jun 2026

Free Spirit Counseling and Collaborative is a wellness and design center partnership, here to help clients create their most beautiful and fulfilling life. To help clients achieve this, Free Spirit offers: Counseling Services, Professional Training and Public Speaking events, Clinical Supervision for Residents in Counseling. Their core values are kindness, respect, honor, inspiration, creative freedom, and hope. At Free Spirit they live their core values in all aspects of their work and environment. This creates an atmosphere that is comfortable for everyone, those of them who work here, as well as clients.

  • Wayne Harbin Builders
  • -
  • 1,596 SF
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Center for Autism & Related Disorders - 2,594 SF - - -
Davis & Associates - 4,881 SF - - -
Dr. Peter Gruhl Health Care and Social Assistance 4,292 SF - - -
Health Care and Social Assistance 5,911 SF - Plus Utilities Jun 2026
Wayne Harbin Builders - 1,596 SF - - -

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
3,608
47,668
159,419
2024 Population
3,743
47,324
156,613
Population Growth '20-'24
3.7%
-0.7%
-1.8%
2020 Households
1,370
18,663
64,271
2024 Households
1,413
18,438
62,994
Household Growth '20-'24
3.1%
-1.2%
-2.0%
Average Age
44
40
39
Median Household Income
$107,237
$94,652
$76,175
Daytime Employees
1,907
21,472
65,966
Total Businesses
295
2,127
7,260
College Degree + Higher
47%
46%
36%
$ values in USD

NEARBY AMENITIES

HOSPITALS

Bon Secours Mary Immaculate Hospital Acute Care 9 min drive 7.6 km
Riverside Regional Medical Center Acute Care 10 min drive 9.3 km
Sentara Careplex Hospital Acute Care 14 min drive 13.7 km

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
S04B-3323-3745
Land Assessment
$790,925 CAD
Improvements Assessment
$4,528,536 CAD
Total Assessment
$5,319,461 CAD

SALE ADVISOR

SALE ADVISOR

Thomas Tucker, President
Thomas has been a long time figure in commercial and residential real estate on the Peninsula.  After graduating from William and Mary,  Thomas went into banking for 17 years and was appointed as Group Vice President in charge of all commercial lending for the Peninsula. After a successful lending and financial career, Thomas went into business for himself and started doing commercial deals with office parks, mixed use buildings, and residential properties . He has done everything from sales to lending and even developing a Campground and Marina both of which were managed in house.  Thomas has held his Real Estate license for 32 years and a contractors license for over 20 years.
  • Listing ID: 16336318

  • Date on Market: 2019-06-13

  • Last Updated:

  • Address: 3630 George Washington Mem Hwy, Yorktown, VA 23693

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