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Renovated Shopping Center in Williamsburg
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118 Waller Mill Rd, Williamsburg, VA 23185

Newly renovated shopping center with spaces available in Williamsburg, VA.

Space Size1,200 SF - 2,000 SF
Days on Market278

Property Features for 118 Waller Mill Rd

General Information

Standard status Active
Size 1,200 SF - 2,000 SF
Property subtype Shopping Center or Multi-Tenant Building

Spaces For Lease

at 118 Waller Mill Rd Contact us

120L

Size
1,640 SF
Term
Negotiable
Rate
Contact for pricing
Contact us

122C

Size
1,200 SF
Term
Negotiable
Rate
Contact for pricing
Contact us

122D

Size
2,000 SF
Term
Negotiable
Rate
Contact for pricing
Contact us

122E

Size
1,560 SF
Term
Negotiable
Rate
Contact for pricing
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Listing Agency:
Listed By: Debra Ramey
Source: Tscg
Added: Nov 25, 2025 Changed: Aug 8 Last Checked: Aug 29 at 6:22AM

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 Debra Ramey

Investment Insights

Based on property information with market context.

This newly renovated shopping center, encompassing 138,346 square feet, is situated in the heart of Williamsburg. The location offers convenient access to William & Mary University, Colonial Williamsburg, and the Prime Outlets. Anchored by Ashley Furniture, Ollie's Bargain Outlet, and Locke Supply, the center has experienced a doubling of visitors since the opening of Ollie's and Ashley. Renovation and redevelopment are currently underway. Spaces ranging from 1,200 to 2,000 square feet are available. The property is easily accessible from I-64 and Richmond Rd (Route 60). Zoning is classified as GB. An outside garden area is available. Traffic counts on Bypass Rd (Rt 60) average 22,000 AADT.

Key Highlights

  • Newly renovated shopping center.
  • Anchored by Ashley Furniture and Ollie's Bargain Outlet.
  • Visitor traffic has doubled since Ollie's and Ashley opened.

Property Analytics

Current Use

Kingsgate Green Shopping Center & Mall Sears Appliance Repair Home Appliance Store Ashley Store Furniture & Home Goods Locke Supply Co ... Big Box & Wholesale Store Locke Supply Co ... Hardware & Home Improvement

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

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

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
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Newly renovated shopping center with spaces available in Williamsburg, VA.
Where is this shopping center located?
The property is located at 118 Waller Mill Rd Williamsburg, VA.
What are key features of this property?
This property features: Newly renovated shopping center.; Anchored by **Ashley Furniture and Ollie's Bargain Outlet**.; Visitor traffic has doubled since Ollie's and Ashley opened.
More about this property
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