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    5509 Richmond Rd Williamsburg, VA 23188

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    For Sale
    $2,100,000

    Second-generation restaurant parcel near Williamsburg Premium Outlet Mall.

    Property size:
    6,100 SF
    Lot size:
    1.83 Acres

    Property Features for 5509 Richmond Rd

    General Information

    Size
    6,100 SF
    Lot size
    1.83 Acres

    Source: Colliers | Norfolk Agent Tyler Brooks

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

    Overview

    Restaurant Parcel on Richmond Road

    This property presents an opportunity to acquire a second-generation restaurant parcel situated along Richmond Road, a prominent commercial corridor with a traffic volume of 25,000 vehicles per day. The property is located adjacent to the Williamsburg Premium Outlet Mall, which attracts over 3.5 million visitors annually. The site is an oversized 1.83-acre lot, allowing for potential future expansion or redevelopment of the 6,100 square foot building. The limited food options in the immediate area offer an opportunity to fulfill the needs of the growing community.
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Williamsburg
    State
    Virginia
    Longitude
    -76.734182
    Latitude
    37.3143326

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    FAQs

    What type of property is this?
    Restaurant - Second-generation restaurant parcel near Williamsburg Premium Outlet Mall.
    Where is this restaurant located?
    The property is located at 5509 Richmond Rd Williamsburg, VA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Located on Richmond Rd (25,000 VPD), a dominant commercial corridor in Williamsburg.; - Adjacent to the Williamsburg Premium Outlet Mall (3.5M annual visits).; - **2nd generation restaurant parcel.**
    (757) 490-3300
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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
    5509 Richmond Rd Williamsburg, VA 23188
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