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    1242 Richmond Rd Williamsburg, VA 23185

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    For Lease
    Contact for pricing

    Premier shopping centers integrated into Midtown Row development.

    Property size:
    5,808 SF
    Lot size:
    11.80 Acres

    Property Features for 1242 Richmond Rd

    General Information

    Size
    5,808 SF
    Lot size
    11.80 Acres

    Source: Colliers | Norfolk Agent George Fox

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Asset in Williamsburg, Virginia

    The Midtown Row Portfolio is a mixed-use asset located in Williamsburg, Virginia, comprising two shopping centers: Colonial, which is 95,455 square feet and anchored by Food Lion and Marshalls, and Lamonticello, which is 63,157 square feet and anchored by Grocery Outlet and Ace Hardware. These centers are integrated into the larger Midtown Row development, which consists of 60,961 square feet of retail and office space. The development includes 240 fully leased student apartments housing 624 residents, and a pedestrian-friendly layout anchored by a central green programmed with year-round events. Positioned adjacent to the College of William & Mary and less than a mile from Colonial Williamsburg, Midtown Row is located near the city’s academic, cultural, and tourism engines, drawing from over 6 million annual visitors and a regional daytime population of 68,000+. Midtown Row generates approximately 2.4 million visits annually, with foot traffic increasing approximately 22% since 2023.
    Location Intelligence

    Current Use by Public Records

    Sal's By Victor Italian Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Colonial Williamsburg's Merchants Square, Midtown Row, The Shops at High Street, Williamsburg Pottery, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Williamsburg
    State
    Virginia
    Longitude
    -76.7203485
    Latitude
    37.280613

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    FAQs

    What type of property is this?
    Shopping center - Premier shopping centers integrated into Midtown Row development.
    Where is this shopping center located?
    The property is located at 1242 Richmond Rd Williamsburg, VA.
    What are key features of this property?
    This property features: - Premier mixed-use asset in the heart of Williamsburg, VA.; - Anchored by Food Lion, Marshalls, Grocery Outlet, and Ace Hardware.; - Includes **240 fully leased student apartments housing 624 residents.**
    (757) 490-3300
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    Williamsburg, VA 23185
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1242 Richmond Rd Williamsburg, VA 23185
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