For Sale/Lease · 2020. 9. 3. · FOR SALE / LEASE 312 Second Street Williamsburg, Virginia...

Campana Waltz Commercial Real Estate, LLC

Vince Campana or Ron Campana

11832 Fishing Point Drive, Suite 400

Newport News, Virginia 23606

757.327.0333

[email protected] or [email protected]

www.CampanaWaltz.com

This information was obtained from sources deemed to be reliable but is not warranted.

This offer subject to errors and omissions, or withdrawal, without notice.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

For Sale/LeaseHigh Visibility Medical/Retail/Office Space

312 Second Street

Williamsburg, Virginia 23188

mailto:[email protected]


http://www.campanawaltz.com/

FOR SALE / LEASE

312 Second Street

Williamsburg, Virginia

Location: 312 Second Street Williamsburg, Virginia 23188 - within city limits.

Description: This offering consists of an excellently cared for single story 4,412

square foot building that is a landmark in Williamsburg and Second

Street. The building was previously used as a long-standing medical care

practice and is still readily available for many medical uses but also has a

generously open layout that lends itself to a multitude of retail/office

uses! Surrounding the property is a wide array of businesses including,

Virginia Beer Company, South of the Border Mexican Restaurant,

Second Street Restaurant, Auto Haus - European Cars, Holiday

Chevrolet, and many more! This area of Williamsburg is experiencing a

surge in new energy with the addition of the Casa Pearl Restaurant, the

Velvet Shoestring, & Cochan Restaurant. Conveniently located near

Colonial Williamsburg, I-64 access, Busch Gardens, Water County, and

the College of William and Mary this opportunity will not be available

for long. Additionally, the property has excellent road frontage and an

oversized lighted pole sign that really propels the building’s curb appeal!

This property is available immediately for sale or lease!

Lease: $15.00 per square foot! NNN

Sale: $695,000.00 ($157.52/ SF) Priced to Move: $595,000.00 ($134.86/SF)

Acres: .42 Acres

Parking: Ample shared parking.

Zoning: B-2

General Information:

➢ Rare opportunity

➢ Located in the City Limits of Williamsburg

➢ Well established area

➢ Surrounded by numerous retailers and solid residential

neighborhoods

For Additional Information, Please Contact:

Vince Campana or Ron A. Campana, Jr.


11832 Fishing Point Drive, Suite 400

Newport News, Virginia, 23606

757.327.0333

[email protected] / [email protected]

www.CampanaWaltz.com


This offer subject to errors and omissions or withdrawal without notice.



http://www.campanawaltz.com/



312 Second Street, Williamsburg, Virginia

General layout.

For illustration purposes only.

Sec. 21-322. - Permitted uses.

The uses permitted in the corridor business district B-2 are as follows:

(1) Automobile rental agencies with no storage of vehicles on the premises.

(2) Bake shops.

(3) Banks and financial institutions.

(4) Churches and other permanent buildings used for religious worship.

(5) Convenience service establishments such as, but not limited to, barbershops, beauty parlors and spas, tailors, shoe repair shops, self-service laundromats, and laundry and dry cleaning establishments.

(6) Convenience stores.

(7) Day care centers.

(7.1) Fitness studios.

(7.2) Fitness centers.

(8) Freestanding automatic teller machines.

(9) Funeral homes.

(10) Hotels/motels and timeshare units, and associated meeting facilities. Hotels/motels are further regulated by chapter 9, Licenses, Permits and Business Regulations.

(10.1) Medical and dental offices and clinics.

(11) Museums and art galleries without outdoor display.

(12) Offices in buildings with a gross floor area not exceeding 50,000 square feet.

(13) Parking lots as a principal use.

(14) Playgrounds, parks and unlighted athletic fields owned and/or operated by the City of Williamsburg.

(15) Printing and photocopying shops.

(16) Public buildings owned and/or operated by the City of Williamsburg.

(17) Public or private elementary, middle and high schools, colleges and universities; and including temporary classroom facilities when accessory to and on the same lot as a school located in a permanent building.

(18) Repair services and businesses, including repair of bicycles, guns, radios, television sets, electrical appliances, locks, other home appliances, toys, typewriters, watches and the like.

(19) Restaurants.

(20) Retail sales establishments in buildings with a gross floor area not exceeding 50,000 square feet.

(21) Service stations, provided that repair of vehicles and components thereof takes place in a fully enclosed building.

(22) Storage of materials and supplies incidental to the conduct of a permitted use, provided that such storage is screened from view by a six-foot-high wall or fence with the finished side facing the exterior of the property. The planning commission may, through the site plan review process, require or approve an alternate means of screening, provided that it is equivalent to the required fence or wall.

(23) Theaters and assembly halls, but excluding drive-in theaters.

(23.1) Veterinary hospitals and clinics, provided that there are no outdoor activities.

(24) Off-street parking and loading areas for permitted uses in accordance with article V.

(25) Signs in accordance with article VI.

(26) Accessory uses in accordance with section 21-603.

(27) Home occupations in accordance with section 21-606.

(Ord. No. 862, 10-10-91; Ord. No. 2-94, § 4, 1-13-94; Ord. No. 11-98, 4-9-98; Ord. No. 35-98,

11-12-98; Ord. No. 01-7, 4-12-01; Ord. No. 03-31, 11-13-03; Ord. No. 07-02, 1-11-07; Ord. No.

08-23, 8-14-08; Ord. No. 13-13, 5-9-13; Ord. No. 14-09, 3-13-14; Ord. No. 14-27, 11-13-14;

Ord. No. 15-06, 4-9-15, eff. 7-1-15)

Sec. 21-323. - Uses permitted as special exceptions.

Uses permitted in the corridor business district B-2 with a special exception approved by the board of zoning appeals in accordance with section 21-97(f) are as follows:

No special exception uses are listed for this district.

(Ord. No. 862, 10-10-91; Ord. No. 07-02, 1-11-07)

Sec. 21-324. - Uses permitted with special use permit.

Uses permitted in the corridor business district B-2 with a special use permit approved by the city council in accordance with article II, division 2, are as follows:

(1) Residential uses in conjunction with new development or major redevelopment of a property, but not including the reuse of existing buildings, as follows:

a. Multifamily dwellings, provided that not more than 67 percent of the gross floor area on any lot may be devoted to multifamily use. Non-residential floor area shall be constructed simultaneously with the construction of the multifamily floor area.

b. Townhouses in accordance with section 21-330, provided that not more than 67 percent of the gross floor area on any lot may be devoted to multifamily use. Non-residential floor area shall be constructed simultaneously with the construction of the townhouse floor area.

(2) Reserved.

(3) Automobile rental agencies with storage of vehicles on the premises.

(4) Carwashes as a principal use.

(5) Contractor's establishments, offices and display rooms where business is conducted entirely within a completely enclosed building.

(5.1) Garden centers, which may include outdoor display and storage. Outdoor display and storage shall be screened from view by an eight-foot high wall or fence with the finished side facing the exterior of the property. As a part of the special use permit process, an alternate means of screening may be required or approved, provided that it is equivalent to the required fence or wall.

(6) Lighted athletic fields owned and/or operated by the City of Williamsburg.

(7) Micro-brewery, micro-distillery, micro-winery and/or micro-cidery, with a capacity of not more than 15,000 barrels per year.

(8) Miniature golf courses.

(9) Ministorage warehouses, provided that there is no exterior storage.

(10) Motor vehicle, boat and watercraft, sales and service establishments, provided that vehicle lifts and pits and all service and repair of motor vehicles, boats and watercraft shall be within a building enclosed on all sides. Storage of inoperable motor vehicles, boats and watercraft awaiting repair on the premises shall be permitted, but shall be screened from view by a six-foot high wall or fence with the finished side facing the exterior of the property. The planning commission may, through the site plan review process, require or approve an alternate means of screening, provided that it is equivalent to the required fence or wall.

(10.1) Museums and art galleries with outdoor display.

(11) Newspaper printing and publishing facilities.

(12) Offices in buildings with a gross floor area exceeding 50,000 square feet.

(13) Parking garages.

(14) Retail sales establishments in buildings with a gross floor area exceeding 50,000 square feet.

(15) Rooming facilities for exchange visitors in accordance with section 21-618.

(16) Tourist or visitor information centers.

(17) Use of land as parking for and/or access to a use in an adjoining jurisdiction.

(18) Warehouses.

(19) Wholesale businesses.

(Ord. No. 862, 10-10-91; Ord. No. 2-94, §§ 8, 9, 1-13-94; Ord. No. 7-98, 4-9-98; Ord. No. 12-

00, 8-10-00; Ord. No. 01-7, 4-12-01; Ord. No. 02-27, 10-10-02; Ord. No. 06-15, 6-8-06; Ord.

No. 07-02, 1-11-07; Ord. No. 07-09, 1-11-07; Ord. No. 08-23, 8-14-08; Ord. No. 13-13, 5-9-13;

Ord. No. 14-09, 3-13-14; Ord. No. 14-11, 4-10-14; Ord. No. 15-07, 4-9-15)

$15.00

0%

4,400 SF

4,400 SF

4,400 SF

B

Class B Office

Rent/SF/Yr:

% Leased:

Total Available:

Typical Floor:

RBA:

Class:

Building Type:

Street Cross Street Cross Str DistCountYear

Avg DailyVolume

VolumeType

Miles fromSubject Prop

1 2nd St Parkway Dr 0.15 W 2018 13,234 MPSI .04

2 2nd St Parkway Dr 0.11 W 2016 14,000 AADT .06

3 2nd St Merrimac Trl 0.14 SE 2018 19,796 MPSI .11



6 Merrimac Trl 2nd St 0.09 S 2018 6,880 MPSI .21

7 Penniman Rd Parkway Dr 0.03 E 2018 3,147 MPSI .22

8 2nd St Broadway Ave 0.04 E 2018 12,333 MPSI .26

9 Colonial National Historic Pkwy Merrimac Trl 0.08 SW 2018 4,344 MPSI .30

10 Catesby Ln Burnham Rd 0.06 SW 2018 294 MPSI .31

Traffic Count Report

312 2nd St, Williamsburg, VA 23185

Copyrighted report licensed to Campana Waltz - 465013.6/15/2020

Page 1

$15.00

0%

4,400 SF

4,400 SF

4,400 SF

B

Class B Office

Rent/SF/Yr:

% Leased:

Total Available:

Typical Floor:

RBA:

Class:

Building Type:

Description 2010 2020 2025Population 6,377 6,845 6,997

Age 0 - 4 383 6.01% 295 4.31% 414 5.92%

Age 5 - 9 373 5.85% 349 5.10% 356 5.09%

Age 10 - 14 364 5.71% 373 5.45% 352 5.03%

Age 15 - 19 462 7.24% 751 10.97% 491 7.02%

Age 20 - 24 662 10.38% 708 10.34% 648 9.26%

Age 25 - 29 501 7.86% 347 5.07% 591 8.45%

Age 30 - 34 428 6.71% 366 5.35% 454 6.49%

Age 35 - 39 367 5.76% 406 5.93% 397 5.67%

Age 40 - 44 413 6.48% 371 5.42% 384 5.49%

Age 45 - 49 470 7.37% 395 5.77% 378 5.40%

Age 50 - 54 467 7.32% 439 6.41% 392 5.60%

Age 55 - 59 378 5.93% 498 7.28% 425 6.07%

Age 60 - 64 314 4.92% 437 6.38% 432 6.17%

Age 65 - 69 258 4.05% 353 5.16% 390 5.57%

Age 70 - 74 191 3.00% 288 4.21% 321 4.59%

Age 75 - 79 158 2.48% 205 2.99% 241 3.44%

Age 80 - 84 105 1.65% 141 2.06% 164 2.34%

Age 85+ 83 1.30% 122 1.78% 166 2.37%

Age 15+ 5,257 82.44% 5,827 85.13% 5,874 83.95%

Age 20+ 4,795 75.19% 5,076 74.16% 5,383 76.93%

Age 65+ 795 12.47% 1,109 16.20% 1,282 18.32%

Median Age 35 38 37

Average Age 36.90 39.00 39.60

Population By Race 6,377 6,845 6,997

White 4,395 68.92% 4,538 66.30% 4,545 64.96%

Black 1,469 23.04% 1,619 23.65% 1,690 24.15%

Am. Indian & Alaskan 43 0.67% 70 1.02% 86 1.23%

Asian 225 3.53% 307 4.49% 321 4.59%

Hawaiian & Pacific Islander 7 0.11% 16 0.23% 20 0.29%

Other 225 3.53% 296 4.32% 335 4.79%

Demographic Trend Report 1 Mile Radius



Page 2

Demographic Trend Report 1 Mile Radius


Description 2010 2020 2025Population by Race (Hispanic) 572 712 746

White 431 75.35% 488 68.54% 475 63.67%

Black 78 13.64% 116 16.29% 143 19.17%


Asian 14 2.45% 19 2.67% 19 2.55%

Hawaiian & Pacific Islander 0 0.00% 0 0.00% 0 0.00%

Other 36 6.29% 59 8.29% 70 9.38%

Household by Household Income 2,489 2,684 2,754

<$25,000 515 20.69% 397 14.79% 407 14.78%

$25,000 - $50,000 680 27.32% 535 19.93% 526 19.10%

$50,000 - $75,000 420 16.87% 649 24.18% 680 24.69%

$75,000 - $100,000 330 13.26% 351 13.08% 355 12.89%

$100,000 - $125,000 123 4.94% 257 9.58% 275 9.99%

$125,000 - $150,000 221 8.88% 166 6.18% 162 5.88%

$150,000 - $200,000 110 4.42% 189 7.04% 197 7.15%

$200,000+ 90 3.62% 140 5.22% 152 5.52%

Average Household Income $71,919 $84,577 $85,687

Median Household Income $52,633 $67,872 $68,420


Page 3

$15.00

0%

4,400 SF

4,400 SF

4,400 SF

Class B Office

Rent/SF/Yr:

% Leased:

Total Available:

Typical Floor:

RBA:

Building Type:

BClass:

Radius 1 Mile 3 Mile 5 Mile

Population

2025 Projection 6,997 27,684 61,556

2020 Estimate 6,845 26,924 58,902

2010 Census 6,377 24,718 52,854

Growth 2020 - 2025 2.22% 2.82% 4.51%

Growth 2010 - 2020 7.34% 8.92% 11.44%

2020 Population by Hispanic Origin 712 1,846 3,844

2020 Population 6,845 26,924 58,902

White 4,538 66.30% 19,451 72.24% 44,675 75.85%

Black 1,619 23.65% 5,015 18.63% 9,364 15.90%


Asian 307 4.49% 1,249 4.64% 2,473 4.20%

Hawaiian & Pacific Island 16 0.23% 59 0.22% 92 0.16%

Other 296 4.32% 972 3.61% 2,009 3.41%

U.S. Armed Forces 76 574 841

Households

2025 Projection 2,755 10,879 24,024

2020 Estimate 2,682 10,523 22,911

2010 Census 2,490 9,552 20,378

Growth 2020 - 2025 2.72% 3.38% 4.86%

Growth 2010 - 2020 7.71% 10.17% 12.43%

Owner Occupied 1,450 54.06% 6,620 62.91% 14,879 64.94%

Renter Occupied 1,231 45.90% 3,904 37.10% 8,032 35.06%

2020 Households by HH Income 2,684 10,523 22,911

Income: <$25,000 397 14.79% 1,915 18.20% 4,079 17.80%

Income: $25,000 - $50,000 535 19.93% 1,852 17.60% 3,560 15.54%

Income: $50,000 - $75,000 649 24.18% 1,928 18.32% 4,227 18.45%

Income: $75,000 - $100,000 351 13.08% 1,272 12.09% 3,046 13.29%

Income: $100,000 - $125,000 257 9.58% 1,015 9.65% 2,283 9.96%

Income: $125,000 - $150,000 166 6.18% 594 5.64% 1,292 5.64%

Income: $150,000 - $200,000 189 7.04% 788 7.49% 1,803 7.87%

Income: $200,000+ 140 5.22% 1,159 11.01% 2,621 11.44%

2020 Avg Household Income $84,577 $96,941 $99,507

2020 Med Household Income $67,872 $70,207 $72,453

Demographic Summary Report



Page 4

Type:County:

Class B Office/MedicalWilliamsburg

1 Mile

County

Population Growth Household Growth

2020 Med Household Inc 2020 Households by Household Income

2020 Median Age 2020 Population by Race

2020 Renter vs. Owner 2020 Employed vs. Unemployed

Type: Class B Office/Medical

Demographic Market Comparison Report 1 mile radius



Page 5

Type:County:

Class B Office/MedicalWilliamsburg

1 Mile County

Population Growth

2020 Population by Race 6,844 15,031

Household Growth

2020 Households by Household Income 2,684 4,956

Growth 2010 - 2020 7.34% 0.00%

Growth 2020 - 2025 2.22% 0.00%

97.00% 96.12% Empl 3,649 6,185

3.00% 3.89% Unempl 113 250

66.29% 73.20% White 4,537 11,002

23.66% 16.14% Black 1,619 2,426

1.01% 0.52% Am. Indian & Alaskan 69 78

4.49% 6.37% Asian 307 957

0.23% 0.13% Hawaiian & Pacific Island 16 20

4.32% 3.65% Other 296 548

Growth 2010 - 2020 7.71% 0.00%

Growth 2020 - 2025 2.72% 0.00%

45.92% 55.95%Renter Occupied 1,231 2,773

54.08% 44.05%Owner Occupied 1,450 2,183

14.79% 22.09%Income <$25K 397 1,095

19.93% 21.59%Income $25K - $50K 535 1,070

24.18% 15.05%Income $50K - $75K 649 746

13.08% 12.69%Income $75K - $100K 351 629

9.58% 8.15%Income $100K - $125K 257 404

6.18% 5.08%Income $125K - $150K 166 252

7.04% 5.51%Income $150K - $200K 189 273

5.22% 9.83%Income $200K+ 140 487

2020 Med Household Inc $67,872 $57,615

2020 Median Age 37.90 27.00

Demographic Market Comparison Report 1 mile radius



Page 6

$15.00

0%

4,400 SF

4,400 SF

4,400 SF

B

Class B Office

Rent/SF/Yr:

% Leased:

Total Available:

Typical Floor:

RBA:

Class:

Building Type:


Population

2025 Projection 6,997 27,684 61,556

2020 Estimate 6,845 26,924 58,902

2010 Census 6,377 24,718 52,854

Growth 2020 - 2025 2.22% 2.82% 4.51%

Growth 2010 - 2020 7.34% 8.92% 11.44%

2020 Population by Age 6,845 26,924 58,902

Age 0 - 4 295 4.31% 1,173 4.36% 2,815 4.78%

Age 5 - 9 349 5.10% 1,287 4.78% 2,971 5.04%

Age 10 - 14 373 5.45% 1,304 4.84% 3,016 5.12%

Age 15 - 19 751 10.97% 2,498 9.28% 4,878 8.28%

Age 20 - 24 708 10.34% 2,904 10.79% 5,378 9.13%

Age 25 - 29 347 5.07% 1,444 5.36% 3,329 5.65%

Age 30 - 34 366 5.35% 1,425 5.29% 3,286 5.58%

Age 35 - 39 406 5.93% 1,496 5.56% 3,374 5.73%

Age 40 - 44 371 5.42% 1,297 4.82% 2,905 4.93%

Age 45 - 49 395 5.77% 1,325 4.92% 3,041 5.16%

Age 50 - 54 439 6.41% 1,454 5.40% 3,299 5.60%

Age 55 - 59 498 7.28% 1,689 6.27% 3,706 6.29%

Age 60 - 64 437 6.38% 1,645 6.11% 3,618 6.14%

Age 65 - 69 353 5.16% 1,577 5.86% 3,612 6.13%

Age 70 - 74 288 4.21% 1,473 5.47% 3,388 5.75%

Age 75 - 79 205 2.99% 1,160 4.31% 2,608 4.43%

Age 80 - 84 141 2.06% 846 3.14% 1,802 3.06%

Age 85+ 122 1.78% 929 3.45% 1,878 3.19%

Age 65+ 1,109 16.20% 5,985 22.23% 13,288 22.56%

Median Age 37.90 39.80 40.70

Average Age 39.00 41.50 41.70

Demographic Detail Report



Page 7




2020 Population By Race 6,845 26,924 58,902

White 4,538 66.30% 19,451 72.24% 44,675 75.85%

Black 1,619 23.65% 5,015 18.63% 9,364 15.90%


Asian 307 4.49% 1,249 4.64% 2,473 4.20%

Hawaiian & Pacific Island 16 0.23% 59 0.22% 92 0.16%

Other 296 4.32% 972 3.61% 2,009 3.41%

Population by Hispanic Origin 6,845 26,924 58,902

Non-Hispanic Origin 6,132 89.58% 25,078 93.14% 55,058 93.47%

Hispanic Origin 712 10.40% 1,846 6.86% 3,844 6.53%

2020 Median Age, Male 37.20 38.80 39.30

2020 Average Age, Male 38.50 40.60 40.70

2020 Median Age, Female 38.50 40.80 42.10

2020 Average Age, Female 39.50 42.20 42.60

2020 Population by OccupationClassification

5,678 22,660 49,128

Civilian Employed 3,649 64.27% 12,513 55.22% 26,802 54.56%

Civilian Unemployed 113 1.99% 403 1.78% 818 1.67%

Civilian Non-Labor Force 1,840 32.41% 9,181 40.52% 20,693 42.12%

Armed Forces 76 1.34% 563 2.48% 815 1.66%

Households by Marital Status

Married 1,196 5,035 11,823

Married No Children 741 3,384 7,958

Married w/Children 455 1,651 3,864

2020 Population by Education 5,186 19,921 43,866

Some High School, No Diploma 587 11.32% 1,484 7.45% 2,876 6.56%

High School Grad (Incl Equivalency) 939 18.11% 3,342 16.78% 7,121 16.23%

Some College, No Degree 1,238 23.87% 4,655 23.37% 10,478 23.89%

Associate Degree 817 15.75% 2,162 10.85% 4,021 9.17%

Bachelor Degree 864 16.66% 4,627 23.23% 10,676 24.34%

Advanced Degree 741 14.29% 3,651 18.33% 8,694 19.82%


Page 8




2020 Population by Occupation 6,119 22,382 48,853

Real Estate & Finance 91 1.49% 416 1.86% 1,034 2.12%

Professional & Management 1,475 24.11% 6,954 31.07% 15,570 31.87%

Public Administration 338 5.52% 1,034 4.62% 2,007 4.11%

Education & Health 832 13.60% 3,370 15.06% 7,871 16.11%

Services 833 13.61% 2,375 10.61% 5,377 11.01%

Information 42 0.69% 162 0.72% 369 0.76%

Sales 685 11.19% 2,557 11.42% 5,629 11.52%

Transportation 60 0.98% 268 1.20% 452 0.93%

Retail 462 7.55% 1,565 6.99% 3,237 6.63%

Wholesale 44 0.72% 244 1.09% 418 0.86%

Manufacturing 183 2.99% 701 3.13% 1,415 2.90%

Production 416 6.80% 945 4.22% 1,589 3.25%

Construction 443 7.24% 1,010 4.51% 1,737 3.56%

Utilities 97 1.59% 239 1.07% 646 1.32%

Agriculture & Mining 0 0.00% 30 0.13% 211 0.43%

Farming, Fishing, Forestry 0 0.00% 30 0.13% 142 0.29%

Other Services 118 1.93% 482 2.15% 1,149 2.35%

2020 Worker Travel Time to Job 3,570 12,107 25,866

<30 Minutes 2,678 75.01% 8,790 72.60% 18,692 72.26%

30-60 Minutes 667 18.68% 2,573 21.25% 5,729 22.15%

60+ Minutes 225 6.30% 744 6.15% 1,445 5.59%

2010 Households by HH Size 2,490 9,554 20,378

1-Person Households 658 26.43% 2,590 27.11% 5,353 26.27%




5-Person Households 131 5.26% 434 4.54% 913 4.48%

6-Person Households 51 2.05% 148 1.55% 291 1.43%

7 or more Person Households 32 1.29% 75 0.79% 150 0.74%

2020 Average Household Size 2.50 2.30 2.30

Households

2025 Projection 2,755 10,879 24,024

2020 Estimate 2,682 10,523 22,911

2010 Census 2,490 9,552 20,378

Growth 2020 - 2025 2.72% 3.38% 4.86%

Growth 2010 - 2020 7.71% 10.17% 12.43%


Page 9




2020 Households by HH Income 2,684 10,523 22,911

<$25,000 397 14.79% 1,915 18.20% 4,079 17.80%

$25,000 - $50,000 535 19.93% 1,852 17.60% 3,560 15.54%

$50,000 - $75,000 649 24.18% 1,928 18.32% 4,227 18.45%

$75,000 - $100,000 351 13.08% 1,272 12.09% 3,046 13.29%

$100,000 - $125,000 257 9.58% 1,015 9.65% 2,283 9.96%

$125,000 - $150,000 166 6.18% 594 5.64% 1,292 5.64%

$150,000 - $200,000 189 7.04% 788 7.49% 1,803 7.87%

$200,000+ 140 5.22% 1,159 11.01% 2,621 11.44%

2020 Avg Household Income $84,577 $96,941 $99,507

2020 Med Household Income $67,872 $70,207 $72,453

2020 Occupied Housing 2,681 10,524 22,911

Owner Occupied 1,450 54.08% 6,620 62.90% 14,879 64.94%

Renter Occupied 1,231 45.92% 3,904 37.10% 8,032 35.06%

2010 Housing Units 2,832 12,217 26,142

1 Unit 2,041 72.07% 8,504 69.61% 18,160 69.47%

2 - 4 Units 219 7.73% 883 7.23% 1,856 7.10%

5 - 19 Units 496 17.51% 1,878 15.37% 4,365 16.70%

20+ Units 76 2.68% 952 7.79% 1,761 6.74%

2020 Housing Value 1,451 6,619 14,878

<$100,000 44 3.03% 186 2.81% 523 3.52%

$100,000 - $200,000 357 24.60% 1,054 15.92% 2,135 14.35%

$200,000 - $300,000 460 31.70% 1,658 25.05% 3,478 23.38%

$300,000 - $400,000 361 24.88% 1,617 24.43% 3,648 24.52%

$400,000 - $500,000 64 4.41% 684 10.33% 1,920 12.90%

$500,000 - $1,000,000 134 9.24% 1,155 17.45% 2,736 18.39%

$1,000,000+ 31 2.14% 265 4.00% 438 2.94%

2020 Median Home Value $270,543 $325,448 $335,718

2020 Housing Units by Yr Built 2,856 12,299 26,449

Built 2010+ 180 6.30% 823 6.69% 2,366 8.95%

Built 2000 - 2010 340 11.90% 2,980 24.23% 7,327 27.70%

Built 1990 - 1999 349 12.22% 1,542 12.54% 4,425 16.73%

Built 1980 - 1989 439 15.37% 1,885 15.33% 4,529 17.12%

Built 1970 - 1979 618 21.64% 1,847 15.02% 3,101 11.72%

Built 1960 - 1969 331 11.59% 1,236 10.05% 2,107 7.97%

Built 1950 - 1959 307 10.75% 1,079 8.77% 1,466 5.54%

Built <1949 292 10.22% 907 7.37% 1,128 4.26%

2020 Median Year Built 1977 1985 1991


Page 10

AGENCY DISCLOSURE

In a real estate transaction, when the Agent represents the:

Seller/Landlord:

then an Agent under a listing agreement with a seller acts as the agent for the seller. The

listing company and all of its broker/agents, and the selling company and all of its agents

as subagents of the seller, would owe their fiduciary duties to the seller. The broker and

broker's agents may still provide buyer/tenants, as customers, with information about

properties and available financing, may show them properties, and may assist them in

preparing an offer to purchase, option or lease a particular property.

Buyer/Tenant:

then an Agent under a contract with a buyer acts as the agent for that buyer only, as a

"Buyer/Broker/Agent," and the Agent is not the seller's agent, even if the Purchase

Contract provides that the Seller or the Listing Broker will pay the Agent for the services

rendered to the buyer/tenant. An Agent acting as the buyer's/tenant's agent must disclaim

sub agency if offered and must disclose the Buyer/Tenant Broker/Agent relationship when

dealing with the seller's/landlord's Agent or the Seller/Landlord. The Buyer/Tenant

Broker/Agent owes its fiduciary duties to the buyer/tenant.

Buyer and Seller (Acting as a Dual Agent):

then an Agent, either acting directly or through one or more of the brokerage firm's other

Agents, may be the Agent of both the buyer and the seller, but only if the scope of the

agency is limited by a written agreement and only with the express knowledge and written

consent of both the buyer and the seller. An Agent representing both the buyer and the

seller must disclose all information regarding the agency relationship, including the

limitation on the Agent's ability to represent either party folly and exclusively. The Agent

must not disclose to either party, without the prior consent of the party adversely affected

by the disclosure, any information obtained within the confidentiality and trust of the

fiduciary relationship. As an example, the Agent must not tell the buyer that the seller

will accept a price lower than the listing price, nor tell the seller that the buyer will pay a

price offered, without the prior consent of the party adversely affected by the disclosure.

Campana Waltz Commercial Real Estate, LLC is the Listing Broker, Buyer Broker,

Dual Agent for the property submitted in this information package.

Acknowledged by:


For Sale/Lease · 2020. 9. 3. · FOR SALE / LEASE 312 Second Street Williamsburg, Virginia...

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