- For Sale $975,000
- Property Type Office - General Office
- Property Size 4,800 SF
- Date Updated Oct 6, 2026
Description
5300 Palmer Lane is an approximately 4,800-square-foot, two-story office building offered for sale individually or as part of the Ironbound Village office portfolio. Situated near Ironbound Road and immediately adjacent to the New Town mixed-use development, the property offers an investor a small-building ownership opportunity in an established location in the heart of Williamsburg. The building is fully occupied by the Virginia Department of Health, who recently agreed to extend its lease.
Highlights
- Also available as part of a three-building, approximately 15,000 SF portfolio
- Ample onsite parking
- Approximately 4,800 SF in a two-story building on its own parcel
- Convenient access to New Town, Monticello Avenue, and Route 199
- Offered for $975,000, which reflects a projected Year 1 cap rate of approximately 8.9%
- Virginia Department of Health has recently agreed to extend its full building lease for 5 years
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Contacts
Michael Divaris
Location
Located at 5300 Palmer Lane, Williamsburg, VA 23188, this property is part of the Belen & Carriage Heights, Parker neighborhood and Richmond Tidewater market.
Contact Listing Broker
Michael Divaris
