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Renovating Retail Center Inline Space
For Lease
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118-120 Waller Mill Rd, Williamsburg, VA 23185

Retail space ranging from 1,200 to 2,000 sf available in a shopping center anchored by Ashley Furniture and Ollie's.

Space Size1,640 SF
Days on Market1398

Property Features for 118-120 Waller Mill Rd

General Information

Standard status Active
Size 1,640 SF
Property subtype RETAIL

Site & Location

Traffic Count 22,000 vehicles/day
Highway Access Yes

Amenities

outside garden area

Building Details

Tenancy Multi

Spaces For Lease

at 118-120 Waller Mill Rd Contact us

118 - 120 Waller Mill Rd

Floor
1
Size
1,640 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Anchored by ashley furniture, ollie's bargain outlet & locke supply - Visitors/visits...
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Contact us
Listing Agency: The Shopping Center Group | Newport News
Listed By: Debbie Mauro
Source: Moodyscre
Added: Nov 15, 2022 Changed: Aug 8 Last Checked: Sep 12 at 7:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Shopping Center Group | Newport News

Investment Insights

Based on property information with market context.

This for-rent retail offering is available within a shopping center currently undergoing renovation and redevelopment. Space ranges from 1,200 sf up to 2,000 sf, with an outside garden area also available. The center is anchored by Ashley Furniture, Ollie’s Bargain Outlet, and Locke Supply.

The property is easily accessible from I-64 and Richmond Rd (Route 60). Traffic counts are reported for Bypass Rd (Rt 60) at 22,000 AADT, and the remarks note that visitors have doubled since the opening of Ollie’s and Ashley.

In addition to inline space, outparcel opportunities are available for sale or lease, totaling 0.78 and 0.63 acres.

Key Highlights

  • Retail space available from 1,200 to 2,000 SF in a shopping center anchored by Ashley Furniture and Ollie’s.
  • Excellent access from I‑64 and Richmond Rd (Route 60).
  • Traffic counts include 22,000 AADT on Bypass Rd (Rt 60).

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Dental Office Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

654
Businesses Nearby
452k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 44% Shops & Services 17% Groceries 17% Apparel 10%
Food Lion Grocery Store Groceries
39,797 visits/mo 0.5 miles
Marshalls Apparel
33,515 visits/mo 0.4 miles
Aldi Groceries
27,237 visits/mo 0.4 miles
Cracker Barrel Old Country Store Dining
26,287 visits/mo 0.3 miles
McDonald's Dining
22,305 visits/mo 0.5 miles

Demographics for 23185, VA

51,566
Population
22,879
Households
2.3
Avg Household Size
40
Median Age
52%
College-Educated
94%
High-School Grad
57.2 sq mi
ZIP Area
902
Density / Sq Mi
$103,507
Median Household Income
$40,724
Median Earnings
$1,425
Median Rent
$413,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail space ranging from 1,200 to 2,000 sf available in a shopping center anchored by Ashley Furniture and Ollie's.
Where is this shopping center located?
The property is located at 118-120 Waller Mill Rd Williamsburg, VA.
What are key features of this property?
This property features: Retail space available from 1,200 to 2,000 SF in a shopping center anchored by Ashley Furniture and Ollie’s.; Excellent access from I‑64 and Richmond Rd (Route 60).; Traffic counts include 22,000 AADT on Bypass Rd (Rt 60).
(757) 586-4107 Call to check price and availability
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