Former TGI Fridays 5509 Richmond Rd 6,100 SF Retail Building Williamsburg, VA 23188 $2,931,432 CAD ($480.56 CAD/SF)

Positioned directly on Richmond Road with exceptional visibility and access, 5509 Richmond Road offers a rare opportunity to acquire a freestanding restaurant building in one of Williamsburg’s most dynamic retail corridors. The property spans 6,100 SF on 1.83 acres, with 110 dedicated parking spaces, and benefits from 20,000 vehicles per day along Richmond Road and 9,300 VPD on adjacent Olde Towne Road.
Located immediately adjacent to the Williamsburg Premium Outlets, which features over 135 national retailers including Coach, Banana Republic, and Ralph Lauren, the site is surrounded by a dense mix of national brands, grocery anchors, and lifestyle centers. Nearby tenants include Harris Teeter, Publix, Trader Joe’s, Target, and Panera, creating a high-traffic environment ideal for restaurant or retail repositioning.
The property is zoned B-1, allowing for a wide range of commercial uses, and includes FF&E (furniture, fixtures, and equipment) that convey with the sale. With strong household incomes averaging $106K to $124K within a 10-mile radius and a total population exceeding 116,000, the site is well-positioned to capture both local and tourist-driven demand.