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Restaurant Real Estate with Full Bar
For Sale
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5101 Center Street, Williamsburg, VA 23188

Operating restaurant with indoor and outdoor dining, a full bar, and included FF&E.

Property SizeContact for details
Days on Market143

Property Features for 5101 Center Street

General Information

Standard status Active
Property subtype Retail, Business for Sale

Restaurant

Patio Yes
Equipment Included Yes

Additional Details

Furnished Yes
Business Included Yes
Listing Agency: Coldwell Banker Commercial Brooks Real Estate
Listed By: John Wilson · License #VA
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 1:49AM

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 Coldwell Banker Commercial Brooks Real Estate

Investment Insights

Based on property information with market context.

The offering combines restaurant real estate with an operating business and restaurant FF&E. The facility provides both interior and exterior dining areas, along with a full bar and dedicated dining room.

Situated at 5101 Center Street in New Town, the property is located in Williamsburg, Virginia, and offers walkability for nearby residents, businesses, and shoppers. The setting also provides access to the local college labor force.

Key Highlights

  • Real estate and operating restaurant business offered together
  • Indoor and outdoor dining facilities
  • Full bar and dining room

Property Analytics

Current Use

Center Street Grill Restaurant

Suggested Use

Top Pick HVAC Service Electrical Service Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Daycare 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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,227
Businesses Nearby
270k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 38% Shops & Services 22% Groceries 20% Leisure 7%
Trader Joe's Groceries
35,876 visits/mo 0.3 miles
Barnes & Noble Shops & Services
28,819 visits/mo 0.1 miles
Starbucks Dining
20,551 visits/mo 0.3 miles
Regal Cinemas New Town 12 Leisure
19,620 visits/mo 0.1 miles
The Fresh Market Groceries
18,907 visits/mo 0.3 miles

Demographics for 23188, VA

45,438
Population
20,194
Households
2.3
Avg Household Size
49
Median Age
50%
College-Educated
96%
High-School Grad
97.3 sq mi
ZIP Area
467
Density / Sq Mi
$101,088
Median Household Income
$46,557
Median Earnings
$1,541
Median Rent
$409,100
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating restaurant with indoor and outdoor dining, a full bar, and included FF&E.
Where is this conventional restaurant located?
The property is located at 5101 Center Street Williamsburg, VA.
What are key features of this property?
This property features: Real estate and operating restaurant business offered together; Indoor and outdoor dining facilities; Full bar and dining room
More about this property
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