230 Monticello Ave | Williamsburg, VA 23185
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230 Monticello Ave
Williamsburg, VA 23185
Office Property For Sale
Investment Highlights
- Timeless Brick Building which offers high visibility and impulse in the Mid-Town Corridor.
- Income Producing!
Executive Summary
This property is located in the heart of Williamsburg! It is only a mile from New Town and the High Street Development yet rents for FAR LESS! Across the street is the William & Mary School of Education and the building has monument signage along Monticello Avenue! This is an ideal location for a business that wants high visibility, a private parking lot, and substantially lower rent than New Town or High Street!
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,668 SF
Building Class
B
Year Built/Renovated
1962/2009
Price
£972,348
Price Per SF
£208
Net Initial Yield
6.20%
NOI
£60,286
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,334 SF
Slab to Slab
10 ft
Building FAR
0.23
Lot Size
0.46 AC
Zoning
B-3
Parking
18 Spaces (3.5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 3010.701.715 | Improvements Assessment | £217,239 |
| Land Assessment | £319,092 | Total Assessment | £536,331 |
PROPERTY TAXES
Parcel Number
3010.701.715
Land Assessment
£319,092
Improvements Assessment
£217,239
Total Assessment
£536,331
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