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Retail Space in Courthouse Commons

5231 Monticello Ave, Williamsburg, VA 23188

For Lease
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Retail space available in vibrant shopping center near Fresh Market.

Space Size2,103 SF
Days on Market782

Property Features for 5231 Monticello Ave

General Information

Standard status Active
Size 2,103 SF
Property subtype RETAIL

Spaces For Lease

at 5231 Monticello Ave
5231 Monticello Ave AVAILABLE, Now
Floor 1
Size 2,103 SF
Type RETAIL
Rate Contact for pricing
Sublease No
Courthouse Commons stands as a vibrant retail destination, centered around the bustling Fresh Market along with national brands like Starbucks, AT&T, Pure Barre, Massage Luxe and Great Clips. Positioned near the junction of Route 199 and Monticello Avenue, with a traffic flow of 32,000 vehicles per day, Courthouse Commons is tailored to cater to the region’s most affluent households and rapidly expanding population in Hampton Roads. Its strategic location offers convenient access to the esteemed College of William & Mary, a robust daytime office population, and seasonal tourist destinations.
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Listing Agency: Colliers | Norfolk
Listed By: Steve Weinstein
Source: Moodyscre
Added: Sep 24, 2024 Changed: Nov 6 Last Checked: Nov 12 at 10:17AM

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 Colliers | Norfolk

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Investment Insights

Based on property information with market context.

Courthouse Commons is a retail destination anchored by Fresh Market, Starbucks, AT&T, Pure Barre, Massage Luxe and Great Clips. Located near the intersection of Route 199 and Monticello Avenue, the center benefits from a traffic flow of 32,000 vehicles per day. The location is designed to serve the affluent households and growing population of Hampton Roads. The property is conveniently located near the College of William & Mary, a daytime office population, and seasonal tourist destinations. Available space is approximately 2103 square feet.

Key Highlights

  • High traffic location: 32,000 vehicles per day.
  • Anchored by Fresh Market and national brands (Starbucks, AT&T, Pure Barre, Massage Luxe, Great Clips).
  • Strategic location near Route 199 and Monticello Avenue.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Williamsburg Center for Myofunctional ... Dental Office Robert Ramirez-Realtor Real Estate Agency The Fresh Market Grocery & Convenience Store Williamsburg Realty of Virginia Real Estate Agency Court House Cleaners (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Electrical Service Auto Repair Shop Storage Facility

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

1,241
Businesses Nearby
436k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 26% Groceries 23% Shops & Services 20% Home Improvements & Furnishings 11%
Walmart Neighborhood Market Groceries
45,768 visits/mo 0.1 miles
Trader Joe's Groceries
35,876 visits/mo 0.1 miles
HomeGoods Home Improvements & Furnishings
27,131 visits/mo 0.2 miles
Wendy's Dining
21,761 visits/mo 0.5 miles
Belk Apparel
21,220 visits/mo 0.4 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Shopping centers in Williamsburg

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Similar Off Market Nearby

  • Monticello Marketplace — 4680 Monticello Ave, Williamsburg, VA 23188
  • WindsorMeade Market Place — WindsorMeade Marketplace Shopping Center, 4940 Monticello Ave, Williamsburg, VA 23188
  • Settlers Market — 4645 Casey Blvd, Williamsburg, VA 23188
  • New Town Commercial Association — 4801 Courthouse St, Williamsburg, VA 23188

Frequently Asked Questions

What type of property is this?
Shopping center - Retail space available in vibrant shopping center near Fresh Market.
Where is this shopping center located?
The property is located at 5231 Monticello Ave Williamsburg, VA.
What are key features of this property?
This property features: High traffic location: 32,000 vehicles per day.; Anchored by Fresh Market and national brands (Starbucks, AT&T, Pure Barre, Massage Luxe, Great Clips).; Strategic location near Route 199 and Monticello Avenue.
(757) 640-8238 · Office Call to check price and availability
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