2100 Richmond Rd Williamsburg, VA 23185
- Turn key restaurants
- 8,383 SF
- 2.06 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 2100 Richmond Rd
- Year built
- 1993
- Lot size
- 2.06 lot acres
- Property size
- 8,383 SF
- Zone code
- B-2 (CORRIDOR BUSINESS)
- Property type
- Turn key restaurants
- APN
- 3709.143.488
- APU
- 3709143488
Description
This exceptional 8,393-square-foot restaurant building presents a unique opportunity for sale or lease in the vibrant Williamsburg, VA market. Situated on a generous 2.04-acre lot, this single-story, 1993-built property boasts ample parking with 126 spaces, ensuring convenient access for patrons. The building is currently vacant, offering a blank canvas for a new culinary venture. Previously occupied by a Red Lobster, the space retains significant existing fixtures, fittings, and equipment (FF&E), including essential commercial kitchen components such as hoods, a walk-in refrigerator, and a walk-in freezer, along with tables and chairs. This substantial investment saves significant upfront costs for a new operator. The property is zoned B-2, allowing for a variety of commercial uses. The building features a robust 800-amp power supply, capable of handling the demands of a busy restaurant. Annual property taxes are $2.10 per square foot. This prime location offers high visibility and accessibility, making it an ideal site for a successful restaurant or similar commercial enterprise. The expansive lot provides ample room for outdoor seating or expansion. This is a rare opportunity to acquire a well-located, fully equipped restaurant space in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,605,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,755,000
- 6.5%
- $4,445,000
- 7%
- $3,830,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,320,000
- Geo Method
- $4,270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,415,000
- Retail
- $4,690,000
- Mixed-Use
- $4,715,000
- Hospitality
- $5,155,000
- Educational
- $4,355,000
- Residential Income
- $4,815,000
- Energy
- $4,460,000
- Income-Based Land
- $4,525,000
- Food Service
- $3,995,000
Location Insight
- Map
- Local Demand
- City
- Williamsburg
- County
- Williamsburg City
- State
- Virginia
- Longitude
- -76.7285
- Latitude
- 37.2996
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
