105 Byp Rd Williamsburg, VA 23185-2918
- Drive through restaurants
- 932 SF
- 1.21 lot acres
Current Use by Public Records
- SnoMania Island / Dessert Shop / Ice Cream Shop
Property Details for 105 Byp Rd
- Year built
- 2001
- Lot size
- 1.21 lot acres
- Property size
- 932 SF
- Zone code
- GENERAL BUSINESS
- Property type
- Drive through restaurants
- APN
- D15A-1212-2706
- APU
- D15A12122706
Description
This exceptional 932-square-foot retail property at 105 Bypass Road in Williamsburg, Virginia, presents a unique investment opportunity. Situated on a 1.21-acre lot in York County (zip code 23185), this single-tenant building offers unparalleled accessibility and visibility. Its prime location provides easy access to I-64 and Richmond Road, placing it within close proximity to major attractions including William & Mary, Colonial Williamsburg, Busch Gardens, Water Country USA, and the Williamsburg Outlets. The property boasts a double drive-thru, allowing for convenient customer service and operational efficiency. Outdoor seating potential further enhances its appeal. Currently vacant, this site offers flexibility for various development scenarios. A prospective tenant could choose to backfill the existing building, explore a land lease agreement, pursue a build-to-suit project, or even consider a multi-tenant redevelopment to maximize the property's potential. This is an ideal location for businesses seeking high visibility and convenient access to a large customer base in a thriving tourist destination.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,015,000
- 6.5%
- $1,035,000
- 7%
- $1,000,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $885,000
- Geo Method
- $980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,030,000
- Retail
- $1,020,000
- Mixed-Use
- $1,070,000
- Hospitality
- $985,000
- Educational
- $1,020,000
- Residential Income
- $845,000
- Energy
- $995,000
- Income-Based Land
- $850,000
- Food Service
- $1,030,000
Location Insight
- Map
- Local Demand
- City
- Williamsburg
- County
- York
- State
- Virginia
- Longitude
- -76.7183
- Latitude
- 37.2864
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA