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    512 Lightfoot Rd Williamsburg, VA 23188

    Sponsored
    For Sale
    $1,400,000

    Prime Williamsburg commercial land, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 7.87-acre commercial land parcel presents a unique investment opportunity in Williamsburg, Virginia. Located at 512 Lightfoot Rd, York County, zip code 23188, this generally flat site boasts a highly desirable location with excellent visibility and convenient access to Richmond Road, a major thoroughfare. Public utilities are readily available adjacent to the property, simplifying development plans. The property's zoning allows for a diverse range of uses, including senior housing, auto dealerships, banks, contractor storage yards, daycare centers, drug stores, healthcare facilities, hospitals, industrial uses, medical offices, mixed-use developments, restaurants, retail spaces, self-storage facilities, strip centers, and even wineries or vineyards. The expansive lot size offers significant potential for large-scale development or the creation of a mixed-use complex. Its strategic location and versatile zoning make this an attractive proposition for developers and investors seeking a prime commercial site in a thriving Virginia community. The latitude and longitude coordinates are 37.342904 and -76.746064 respectively. The asking price for this exceptional property is $1,400,000.

    Property Features for 512 Lightfoot Rd

    General Information

    Property type
    Land
    Lot Size
    342,817 SF

    HighLights

    • $1,400,000 asking price.
    • 7.87‑acre commercial land parcel.
    • Located at 512 Lightfoot Rd, Williamsburg, VA 23188.
    • Suitable for various uses including senior housing, auto dealership, retail, and more.
    • Generally flat lot with adjacent utilities and Richmond Road access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    York
    State
    Virginia
    Longitude
    -76.746064
    Latitude
    37.342904

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    FAQs

    What type of property is this?
    Land - Prime Williamsburg commercial land, high visibility.
    Where is this land located?
    The property is located at 512 Lightfoot Rd Williamsburg, VA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: $1,400,000 asking price.; 7.87-acre commercial land parcel.; Located at 512 Lightfoot Rd, Williamsburg, VA 23188.
    Request Owner's contact information
    512 Lightfoot Rd Williamsburg, VA 23188
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    512 Lightfoot Rd Williamsburg, VA 23188
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