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Property profile & analytics
FOR SALE
Turn key restaurants

2100 Richmond Rd Williamsburg, VA 23185

8,383 SF 2.06 ac lot Built 1993
Entity Owned 5-yr Hold Free & Clear
Property ID
US87-3072364
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Total area 8,383 SF
Lot 2.06 ac (89,559 SF)
Zoning code B-2 (CORRIDOR BUSINESS)
APN 3709.143.488
UPID US87-3072364
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.97M
Owner & transaction history
237 Uptown INC · 5 yrs held
237 Uptown INC
since 2021
Last sale
$4.0M
3 recorded transactions
2021
$4.0M
2017
$3.7M
2014
$2.7M
Zoning & alternative use
B-2 (CORRIDOR BUSINESS) · Williamsburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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