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    1223-1233 Richmond Rd Williamsburg, VA 23185

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    For Sale
    $1,200,000

    0.97 acre commercial land with high traffic and utilities.

    Lot size:
    0.97 Acres

    Property Features for 1223-1233 Richmond Rd

    General Information

    Lot size
    0.97 Acres

    Source: Cushman & Wakefield | Thalhimer - Virginia Beach Agent Andy Dallas

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

    Overview

    Williamsburg Vacant Land Parcel

    This 0.97-acre vacant land parcel is located in Williamsburg. The property is zoned B-3 (general business) and has all utilities available at the site. It features approximately 110 feet of frontage on Richmond Road and approximately 288 feet of frontage on Lafayette Street. The site benefits from its proximity to William & Mary, Colonial Williamsburg, and High Street, a mixed-use development with 288 apartments. The Williamsburg area attracts approximately 6 million annual visitors. The property is shadow-anchored by Midtown, a new mixed-use development featuring 240 apartments with 624 residents. Traffic counts on Richmond Road are approximately 10,000 vehicles per day. National retailers are adjacent to the property.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Williamsburg
    State
    Virginia
    Longitude
    -76.71887
    Latitude
    37.2816681

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    FAQs

    What type of property is this?
    Land - 0.97 acre commercial land with high traffic and utilities.
    Where is this land located?
    The property is located at 1223-1233 Richmond Rd Williamsburg, VA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Zoned B-3 (general business) with all utilities at the site.; - High traffic location: Approximately 10,000 vehicles per day on Richmond Road.; - Frontage on Richmond Road (110 ft ±) and Lafayette Street (288 ft ±).
    (757) 499-2900
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    1223-1233 Richmond Rd 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
    1223-1233 Richmond Rd Williamsburg, VA 23185
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