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West Point Development Opportunity

2870 King William Ave, West Point, VA 23181

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For Sale

$774,900

1.74 acres with high visibility and development potential.

Type:Commercial

Property size:

2,800 SF

Lot size:

1.74 Acres

Price / SF:

$276/SF

HighLights

Prime 1.74‑acre property with MU‑1 Commercial and High‑Density R‑3 zoning
Exceptional road frontage (697 feet total) on three streets, including high‑traffic King William Ave, ensuring high visibility
Existing 2800 sqft brick home in excellent condition, suitable for various uses
Includes a detached 624 sqft garage with an attached 2‑bedroom apartment
Recent updates including a newer roof, dual‑zone HVAC, and water heater
Strategic location in rapidly developing West Point

We can help!

Listing Contact

Danielle Rosso

Learn more

For Sale

$774,900

1.74 acres with high visibility and development potential.

Type:Commercial

Property size:

2,800 SF

Lot size:

1.74 Acres

Price / SF:

$276/SF

Added:: Apr 26, 2026
Days on Market:: 50
Last Refresh:: Apr 26 at 9:53 pm

Property Features for 2870 King William Ave

General Information

Standard status: Active
Size: 2,800 SF
Lot size: 1.74 Acres
Property subtype: Commercial

Building Details

Year Built: 1965

We can help!

Listing Contact

Danielle Rosso

Listing agent Danielle Rosso

Listing office Dalton Realty

Listing date Apr 26, 2026

Source Elliman

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 Dalton Realty

HighLights

Prime 1.74‑acre property with MU‑1 Commercial and High‑Density R‑3 zoning
Exceptional road frontage (697 feet total) on three streets, including high‑traffic King William Ave, ensuring high visibility
Existing 2800 sqft brick home in excellent condition, suitable for various uses
Includes a detached 624 sqft garage with an attached 2‑bedroom apartment
Recent updates including a newer roof, dual‑zone HVAC, and water heater
Strategic location in rapidly developing West Point

Overview

Located in West Point, this 1.74-acre property offers a development opportunity with MU-1 commercial and high-density R-3 zoning. The site features 697 feet of road frontage, including 167 feet on King William Ave, 110 feet on Lyndale St, and 420 feet on Moore St. The current zoning allows for retail stores, shops, offices, multi-family housing, apartments, hotels, and restaurants under MU-1, and multi-family housing, group homes, limited residential care facilities, and non-residential recreational, educational, cultural, and public service buildings under R-3. The property includes an existing 2,800-square-foot brick home, a carport, and a 624-square-foot detached garage with an attached 2-bedroom apartment. The cape cod-style home features hardwood floors, 4 bedrooms, 3 full bathrooms, an open concept, storage space, an enclosed sunroom, and a patio. The existing residential building could be used for on-site accommodation, medical office space, retail shops, or group/nursing home accommodation. Recent updates include a newer roof, dual-zone HVAC, and water heater. The property is located 45 minutes from Richmond and 20 minutes from Williamsburg, in a Blue Ribbon school district with a growing population and an expansive waterfront development project underway.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$72.9k	$26.04
− Vacancy	−$6.0k	−$2.14
EGI	$66.9k	$23.90
− OpEx	−$26.8k	−$9.56
NOI	$40.2k	$14.34

2,800 SF · lease $26.04/SF/yr · vacancy 8.20% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$573.7K

$502.0K – $669.3K (±1% cap)

NOI $40,160 @ 7.0% cap · market cap 5.18%

Second Best

Office B

$537.8K

$470.6K – $627.4K (±1% cap)

NOI $37,646 @ 7.0% cap · market cap 4.86%

Theoretical Best

Office A

$646.9K

$566.0K – $754.7K (±1% cap)

NOI $45,283 @ 7.0% cap · market cap 5.84%

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

Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: West Point
County: King William
State: Virginia
Longitude: -76.8093969
Latitude: 37.5499773

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For sale
Commercial land
VA
West Point
23181
2870 King William Ave

What type of property is this?

Commercial land - 1.74 acres with high visibility and development potential.

Where is this commercial land located?

The property is located at 2870 King William Ave West Point, VA.

What is the asking price?

The asking price for this property is $774,900.

What are key features of this property?

This property features: Prime 1.74‑acre property with MU‑1 Commercial and High‑Density R‑3 zoning; Exceptional road frontage (697 feet total) on three streets, including high‑traffic King William Ave, ensuring high visibility; Existing 2800 sqft brick home in excellent condition, suitable for various uses