5509 Richmond Rd - Restaurant FOR SALE


Williamsburg, VA 23188
$2,100,000 USD
804-350-1866
5509 Richmond Rd, Williamsburg, VA for Sale
$2,100,000 USD
Restaurant - FOR SALE
1/5
null | Request Cap Rate

5509 Richmond Rd
Williamsburg, VA 23188


HIGHLIGHTS

  • Freestanding restaurant building with direct frontage on Richmond Road
  • Adjacent to Williamsburg Premium Outlets and surrounded by top national retailers
  • 110 on-site parking spaces and FF&E included in sale
  • Zoned B-1 with flexible commercial use potential
  • High traffic counts: 20,000 VPD on Richmond Road, 9,300 VPD on Olde Towne Road
  • Strong demographics with average household income over $120K within 10 miles

OVERVIEW

Positioned directly on Richmond Road with exceptional visibility and access, 5509 Richmond Road offers a rare opportunity to acquire a freestanding restaurant building in one of Williamsburg’s most dynamic retail corridors. The property spans 6,100 SF on 1.83 acres, with 110 dedicated parking spaces, and benefits from 20,000 vehicles per day along Richmond Road and 9,300 VPD on adjacent Olde Towne Road. Located immediately adjacent to the Williamsburg Premium Outlets, which features over 135 national retailers including Coach, Banana Republic, and Ralph Lauren, the site is surrounded by a dense mix of national brands, grocery anchors, and lifestyle centers. Nearby tenants include Harris Teeter, Publix, Trader Joe’s, Target, and Panera, creating a high-traffic environment ideal for restaurant or retail repositioning. The property is zoned B-1, allowing for a wide range of commercial uses, and includes FF&E (furniture, fixtures, and equipment) that convey with the sale. With strong household incomes averaging $106K to $124K within a 10-mile radius and a total population exceeding 116,000, the site is well-positioned to capture both local and tourist-driven demand.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$344 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former TGI Fridays

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

B1

APN/PARCEL ID

33-3-01-0-0005F

ASK ABOUT THIS PROPERTY

John Jay SchwartzThe Man With Square FeetMore Info
804-350-1866

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John Jay SchwartzThe Man With Square FeetMore Info
804-350-1866

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.