Technical
Financial
Distress signals
Property profile

2100 Richmond Rd Williamsburg, VA 23185

FOR SALE
Turn key restaurants
Property ID
US87-3072364
8,383 SF 2.06 ac lot Built 1993
Entity Owned 5-yr Hold Free & Clear
Saved · see the list in your Dashboard

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

Location

2100 Richmond Rd Williamsburg, VA 23185
Williamsburg metro Census 370300 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.61M

Owner & transaction history

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message