5425 Discovery Park Blvd, Williamsburg, VA

Listing agent Andy Dallas

Listing office Cushman & Wakefield | Thalhimer - Virginia Beach a***@thalhimer.com Show Phone

Listing date Jun 13, 2023

Source Moodyscre

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Overview

This is a rare opportunity to acquire a 100% leased Class A office building located in the most desirable commercial sub-market of Williamsburg, Virginia. The attractive two-story office building offers a manageable rent roll, with five full-service tenants, annual rent increases, and staggered lease expirations. Built in 2015, this modern, well-maintained property is located on Discovery Park Boulevard, the main business corridor in New Town. New Town is a vibrant 365-acre mixed-use community that is centrally located and well-positioned to service the Williamsburg area. New Town has become the new central business district for the area, with many tenants associated with real estate, banking, wealth management, estate planning, and insurance. New Town has also developed a very strong medical presence with two major providers, Sentara and Tidewater Multi-Specialty Group (TPMG), having large facilities within the development, along with independent specialists such as dentists, dermatologists, and optometrists. The property has a size of 1060 square feet.

Suggested Use

Restaurant Law Firm Spa & Massage Center Dental Office Real Estate Agency Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Williamsburg

County

Williamsburg

State

Virginia

Longitude

-76.7436

Latitude

37.2839

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FAQs

What type of property is this?

Office building - Leased Class A office building in desirable New Town.

Where is this office building located?

The property is located at 5425 Discovery Park Blvd Williamsburg, VA.

What is the asking price?

The asking price for this property is $4,733,100.

What are key features of this property?

This property features: 100% leased Class A office building in Williamsburg's most desirable commercial sub‑market.; Located in New Town, a vibrant 365‑acre mixed‑use community and the new central business district.; Modern, well‑maintained property built in 2015.