Mixed-Use Property with
1200 Richmond Road, Williamsburg, VA 23185
For Sale
Contact for pricing
The property pairs apartment units with a separate retail building, both reported fully occupied.
Property SizeContact for details
Days on Market28
Property Features for 1200 Richmond Road
General Information
Standard status
Property subtype
Occupancy
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Mixed-Use Components
Tenant in Place
Amenities
9-foot ceilings
balcony/patio
in-unit washer and dryer
parking lot
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
CBRE - Richmond
Listed By:
Peyton Cox · License #VA 0225224365
(804) 401-4017
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 2:44PM
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 CBRE - Richmond
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Investment Insights
Based on property information with market context.
This mixed-use property includes 24 residential units with a total of 52 beds, alongside a separate 6,519-square-foot retail building. Developed in 2009, the residential units have 9-foot ceilings, a balcony or patio, in-unit laundry, and separate utility metering. The parking area uses impervious concrete.
The property is a five-minute walk from William & Mary and Colonial Williamsburg’s historic square, according to the stated distances. The residential component is described as student housing serving the university community.
The property is a five-minute walk from William & Mary and Colonial Williamsburg’s historic square, according to the stated distances. The residential component is described as student housing serving the university community.
Key Highlights
- 24 residential units with 52 beds
- Separate 6,519 SF retail building
- Both residential and retail components reported fully occupied
Property Analytics
Current Use
Lease Details
24
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs apartment units with a separate retail building, both reported fully occupied.
Where is this mixed-use property located?
The property is located at 1200 Richmond Road Williamsburg, VA.
What are key features of this property?
This property features: 24 residential units with 52 beds; Separate 6,519 SF retail building; Both residential and retail components reported fully occupied
