1430 Richmond Rd - Williamsburg, VA 23185

Property Details for 1430 Richmond Rd -

Lot size

1.27 lot acres

Property type

Land

Description

This exceptional 1.27-acre commercial land parcel presents a unique development opportunity within the thriving Shops at High Street in Williamsburg, Virginia. Located at 1430 Richmond Rd - Unit 6, zip code 23185, this pad-ready site benefits from shared access to 898 parking spaces, eliminating the need for individual parking provision and stormwater management considerations. The site is ideally situated within a premier mixed-use lifestyle center, boasting a 114,000 square foot retail component anchored by a recently renewed Movie Tavern. The Shops at High Street is complemented by the adjacent Sterling Manor (207 high-end apartments and townhomes) and the newly completed High Street View Apartments (319 luxury units), creating a built-in customer base of over 559 residential units. This prime location offers unparalleled access to a robust consumer base, with an average household income exceeding $130,000 within a five-mile radius encompassing nearly 80,000 residents. The area's strong economic vitality is further enhanced by significant tourism revenue (approximately $1.3 billion annually) and the presence of Colonial Williamsburg (nearly 600,000 annual visitors), Williamsburg Premium Outlets (4.37 million annual visitors), and the College of William & Mary (approximately 9,000 students). The site's strategic location along Richmond Road ensures high visibility and accessibility, making it an ideal location for a variety of commercial developments, with potential for up to 35,000 square feet of gross leasable area depending on the project's design. The asking price for this exceptional property is $799,000.