for sale - loopnet · newport news, virginia 23606 phone (757) 327-0333 / fax (757) 327-0984 this...

Campana Waltz Commercial Real Estate, LLC

Ron A. Campana Jr. and Vince Campana, III.

11832 Fishing Point Drive, Suite 400

Newport News, Virginia 23606

757.327.0333

[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 Sale6678 Richmond Road

Williamsburg, Virginia

mailto:[email protected]

http://www.campanawaltz.com/

FOR SALE 6678 Richmond Road


Description: Centrally located in the Lightfoot Corridor of Williamsburg, Virginia,

this free standing building combines location with retail/restaurant space in a setting catering to

mid-large sized retail/service based businesses. The building is in close proximity to the

Williamsburg Pottery and other surrounding retailers.

Building Size: Approximately 7,190 Square Feet

Building Area: The free standing building is approximately 7,190 square feet. The

building was constructed as a restaurant, but was converted in 2004 for general retail use with

large open showrooms.

Wall Heights/Loading: The property offers 8- 16 foot ceiling heights with a large open central

showroom with a vaulted ceiling. The loading access consists of two standard pedestrian doors at

the front, one at the rear, and a French-door style double door at the rear of the building.

Land Size Approximately 1.33 acres of land.

Frontage: Approximately 293 Feet of frontage on Richmond Road. The property is

served by two curb cuts for access.

Parking: The property has 78 paved parking spaces.

Sales Price: $750,000.00 ($104.31/sf)

Year Built: 1975

Zoning: M-1 Limited Business/Industrial

Additional Information:

Interior Pictures

Plat of Property

Zoning Matrix

Location Maps

Demographics

For Additional Information, Please Contact:

Ron A. Campana, Jr. and Vince Campana, III


11832 Fishing Point Drive, Suite 400

Newport News, Virginia 23606

Phone (757) 327-0333 / Fax (757) 327-0984


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



For Sale

6678 Richmond Road




6678 Richmond Road, Williamsburg, Virginia

Sec. 24-411. - Use list.

Reference section 24-11 for special use permit requirements for certain commercial uses and exemptions.

In the Limited Business/Industrial District, M-1, buildings to be erected or land to be used shall be for one or more of the following or similar uses:

Use

Category Use List

Permitted

Uses

Specially

Permitted

Uses

Residential

An apartment or living quarters for a guard, caretaker, proprietor

or the person employed on the premises, which is clearly

secondary to the commercial or industrial use of the property

P

Commercial Accessory uses and structures as defined in section 24-2 P

Adult day care centers P

Antique shops P

Arts and crafts, hobby and handicraft shops P

Auction houses P

Bakeries or fish markets P

Banks and other financial institutions P

Barber shops and beauty salons P

Business and professional offices P

Catering and meal preparation P

Child day care centers P

Contractor offices, equipment storage yards, shops and

warehouses (with materials and equipment storage limited to a

fully enclosed building or screened with landscaping and fencing

with a maximum height of 12 feet from adjacent property)

P

Convenience stores; if fuel is sold, then in accordance with

section 24-38 SUP

Convention centers P

Courier services P

Data processing centers P

Drug stores P

Dry cleaners and laundries P

Farmer's market P

Fast food restaurants SUP

Feed, seed and farm supply stores P

Firearms sales and service P

Firing and shooting ranges (limited to a fully enclosed building) P

Funeral homes P

Gift and souvenir stores P

Grocery stores P

Health and exercise clubs, fitness centers P

Heliports, helistops and accessory uses SUP

Hospitals SUP

Hotels and motels with accessory retail sales, barber shops and

beauty shops located within the hotel or motel, for the principal

benefit of the resident guest

P

Indoor centers of amusement including billiard halls, arcades, P

pool rooms, bowling alleys, dance clubs and bingo halls

Indoor sport facilities, including firing and shooting ranges P

Indoor theaters P

Janitorial service establishments P

Kennels and animal boarding facilities P

Laboratories, research and development centers P

Laser technology production P

Limousine services (with maintenance limited to a fully enclosed

building) P

Lodges, civic clubs, fraternal organizations and service clubs P

Lumber and building supply (with storage limited to a fully

enclosed building or screened with landscaping and fencing with

a maximum height of 12 feet from adjacent property)

P

Machinery sales and service (with storage and repair limited to a

fully enclosed building or screened from adjacent property with

landscaping and fencing with a maximum height of 12 feet)

P

Marinas, docks, piers, yacht clubs, boat basins, boat storage and

servicing, repair and sale facilities for the same; if fuel is sold,

then in accordance with section 24-38

P

Marine or waterfront businesses to include the receipt, storage

and transshipment of waterborne commerce or seafood

receiving, packaging or distribution

P

Medical clinics or offices, including emergency care and first aid

centers P

Mobile Food Vending Vehicles in accordance with section 24-49 P

Museums P

New and/or rebuilt automotive parts sales (with storage limited

to a fully enclosed building or screened from adjacent property

with landscaping and fencing with a maximum height of 12 feet)

P

Nursing homes SUP

Nurseries P

Off-street parking as required by article II, division 2 of this

chapter P

Office supply stores P

Outdoor centers of amusement, including miniature golf,

bumper boats and waterslide parks SUP

Outdoor sports facilities, including golf courses, driving ranges,

batting cages and skate parks, with water and sewer facilities for

golf courses as approved by the board of supervisors

SUP

Parking lots, structures or garages P

Pawnshops SUP

Payday/title loan establishments SUP

Pet stores and pet supply sales P

Photography, artist and sculptor stores and studios P

Plumbing and electrical supply and sales (with storage limited to

a fully enclosed building or screened with landscaping and

fencing with a maximum height of 12 feet from adjacent

property)

P

Printing, mailing, lithographing, engraving, photocopying,

blueprinting and publishing establishments P

Private streets within "qualifying industrial parks" in accordance

with section 24-62 P

Radio and television stations and accessory antenna or towers,

self supported, (not attached to buildings) which are 60 feet less

in height

P

Research, development and design facilities or laboratories P

Restaurants, tea rooms, coffee shops, and taverns, not to include

fast food restaurants P

Retail and service stores, including the following stores: alcohol,

appliances, books, cabinets, cameras, candy, carpet, coin,

department, dressmaking, electronics, florist, furniture, furrier,

garden supply, gourmet foods, greeting card, hardware, home

appliance, health and beauty aids, ice cream, jewelry, locksmith,

music, optical goods, paint, pet, picture framing, plant supply,

shoes, sporting goods, stamps, tailor, tobacco and pipes, toys,

travel agencies, upholstery, variety, wearing apparel, and yard

goods

P

Retail food stores P

Security service offices P

Small-scale alcohol production P

Tattoo parlors SUP

Taxi service P

Theme parks greater than 10 acres in size SUP

Truck stops; if fuel is sold, then in accordance with section 24-38 SUP

Truck terminals; if fuel is sold, then in accordance with section

24-38 SUP

Vehicle and trailer sales and service (with major repair limited to

a fully enclosed building and screened from adjacent property by P


Vehicle repair and service, including tire, transmission, glass,

body and fender, and other automotive product sales, new

and/or rebuilt (with major repair limited to a fully enclosed

building and storage of parts and vehicles screened from

adjacent property by landscaping and fencing with a maximum

height of 12 feet)

P

Vehicle rentals P

Vehicle service stations; if fuel is sold, then in accordance with

section 24-38 P

Veterinary hospitals (with all activities limited to a fully enclosed

building with the exception of supervised animal exercise) P

Warehousing, wholesaling, storage and distribution centers (with

storage limited to a fully enclosed building or screened by

landscaping and fencing with a maximum height of 12 feet from

adjacent property)

P

Water impoundments, new or expansion of, less than 50 acres

and with dam heights of less than 25 feet P

Water impoundments, new or expansion of, greater than 50

acres, or with dam heights of less than 25 feet or more SUP

Water well drilling establishments P

Welding and machine shops (with storage limited to a fully

enclosed building or screened from adjacent property with


P

Civic Fire stations P

Governmental offices P

Libraries P

Nonemergency medical transport P

Places of public assembly P

Post offices P

Schools SUP

Utility

Communications facilities (public or private), including, but not

limited to, antennas, towers and support structures up to a

height of 40 feet; or multi-antenna systems up to a height of 60

feet. All facilities shall comply with article II, division 6 of this

chapter.

P


limited to, antennas, towers and support structures greater than

a height of 40 feet; or multi-antenna systems greater than a

height of 60 feet. All facilities shall comply with article II, division

6 of this chapter.

SUP


limited to, antennas, towers, and support structures, that utilize

alternative mounting structures and/or are camouflaged. All

facilities shall comply with article II, division 6 of this chapter.

P

Electrical generation facilities (public or private), steam

generation facilities, electrical substations with a capacity of

5,000 kilovolt amperes or more and electrical transmission lines

capable of transmitting 69 kilovolts or more

SUP

Railroad facilities including tracks, bridges and switching stations.

Spur lines which are to serve and are accessory to existing or

proposed development adjacent to existing railroad rights-of-

way and track and safety improvements in existing railroad

rights-of-way, are permitted generally and shall not require a

special use permit

SUP

Telephone exchanges and telephone switching stations P

Transmission pipelines, public or private, including pumping

stations and accessory storage, for natural gas, propane gas, SUP

petroleum products, chemicals, slurry coal and any other gases,

liquids or solids. Extensions for private connections to existing

pipelines, which are intended to serve an individual residential or

commercial customer and which are accessory to existing or

proposed development, are permitted generally and shall not

require a special use permit

Water facilities (public or private) and sewer facilities (public),

including, but not limited to, treatment plants, pumping stations,

storage facilities and transmission mains, wells and associated

equipment, such as pumps to be owned and operated by political

jurisdictions. The following are permitted generally and shall not

require a special use permit:

SUP

(a) Private connections to existing mains that are intended to

serve an individual customer and that are accessory to existing or

proposed development, with no additional connections to be

made to the line; and

(b) Distribution lines and local facilities within a development,

including pump stations

Open Timbering, in accordance with section 24-43 P

Industrial

Heavy equipment sales and service (with major repair limited to

a fully enclosed building or screened with landscaping and

fencing from adjacent property)

P

Industrial dry cleaners or laundries P

Industrial or technical training centers or schools P

Manufacture and assembly of musical instruments, toys,

novelties, and rubber and metal stamps P

Manufacture and bottling of soft drinks, water and alcoholic

beverages P

Manufacture and processing of textiles and textile products P

Manufacture and storage of ice, including dry ice P

Manufacture, assembly, or fabrication of sheet metal products P

Manufacture, compounding, assembly or treatment of products

made from previously prepared paper, plastic, metal, textiles,

tobacco, wood, paint, fiber, glass, rubber, leather, cellophane,

felt, fur, horn, wax, hair, yarn, and stone

P

Manufacture, compounding, processing and packaging of

cosmetics, toiletries and pharmaceutical products P

Manufacture, compounding, processing or packaging of food and

food products, but not the slaughter of animals SUP

Manufacture of cans and other products from previously

processed metals P

Manufacture of carpets and carpet yarns P

Manufacture of furniture P

Manufacture of glass and glass products P

Manufacture of pottery and ceramic products using kilns fired by

gas or electricity P

Manufacture or assembly of appliances, tools, firearms,

hardware products and heating, cooling or ventilation equipment P

Manufacture or assembly of electronic instruments, electronic

devices or electronic components P

Manufacture or assembly of medical, drafting, metering, marine,

photographic and mechanical instruments and equipment P

Manufactured home or mobile home sales P

Petroleum storage and retail distribution SUP

Processing, assembly and manufacture of light industrial

products or components (with all storage, processing, assembly

and manufacture conducted indoors or under cover, with no

dust, noise, odor or other objectionable effect)

SUP

Propane storage, distribution or sale SUP

Recycling center or plant P

Resource recovery facilities SUP

Solid waste transfer stations and container sites, public or private SUP

Waste disposal facilities SUP

(Ord. No. 31A-88, § 20-88, 4-8-85; Ord. No. 31A-110, 9-12-88; Ord. No. 31A-128, 12-3-90;

Ord. No. 31A-144, 6-1-92; Ord. No. 31A-146, 8-3-92; Ord. No. 31A-150, 4-5-93; Ord. No. 31A-

152, 8-16-93; Ord. No. 31A-167, 3-26-96; Ord. No. 31A-176, 5-26-98; Ord. No. 31A-177, 8-18-

98; Ord. No. 31A-208, 8-13-02; Ord. No. 31A-214, 8-10-04; Ord. No. 31A-236, 8-12-08; Ord.

No. 31A-263, 1-10-12; Ord. No. 31A-287, 4-9-13; Ord. No. 31A-291, 8-13-13; Ord. No. 31A-298

, 6-9-15; Ord. No. 31A-322 , 11-8-16; Ord. No. 31A-323 , 11-8-16)

http://newords.municode.com/readordinance.aspx?ordinanceid=717139&datasource=ordbank






6678 Richmond Road, Williamsburg, Virginia

Demographic and Income Profile6678 Richmond Rd, Williamsburg, Virginia, 23188 Prepared by Janice Lewis, CCIMDrive Time: 5 minute radius Latitude: 37.34662

Longitude: -76.75918

Summary Census 2010 2018 2023Population 4,567 5,615 6,284Households 1,949 2,394 2,683Families 1,402 1,704 1,899Average Household Size 2.34 2.34 2.34Owner Occupied Housing Units 1,580 2,034 2,308Renter Occupied Housing Units 369 361 375Median Age 46.4 48.7 50.5

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 2.28% 0.83% 0.83%Households 2.31% 0.78% 0.79%Families 2.19% 0.70% 0.71%Owner HHs 2.56% 1.08% 1.16%Median Household Income 2.69% 2.81% 2.50%

2018 2023 Households by Income Number Percent Number Percent

<$15,000 143 6.0% 134 5.0%$15,000 - $24,999 195 8.1% 182 6.8%$25,000 - $34,999 168 7.0% 157 5.9%$35,000 - $49,999 292 12.2% 283 10.5%$50,000 - $74,999 515 21.5% 539 20.1%$75,000 - $99,999 369 15.4% 430 16.0%$100,000 - $149,999 426 17.8% 571 21.3%$150,000 - $199,999 211 8.8% 275 10.2%$200,000+ 76 3.2% 114 4.2%

Median Household Income $67,482 $77,055Average Household Income $81,497 $94,333Per Capita Income $34,298 $39,726

Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent

0 - 4 249 5.5% 261 4.6% 277 4.4%5 - 9 223 4.9% 288 5.1% 303 4.8%10 - 14 262 5.7% 295 5.3% 329 5.2%15 - 19 233 5.1% 261 4.6% 291 4.6%20 - 24 192 4.2% 252 4.5% 224 3.6%25 - 34 488 10.7% 575 10.2% 629 10.0%35 - 44 552 12.1% 626 11.2% 716 11.4%45 - 54 621 13.6% 687 12.2% 706 11.2%55 - 64 734 16.1% 778 13.9% 799 12.7%65 - 74 677 14.8% 840 15.0% 900 14.3%75 - 84 269 5.9% 578 10.3% 814 13.0%

85+ 67 1.5% 172 3.1% 297 4.7%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 3,648 79.9% 4,392 78.2% 4,817 76.6%Black Alone 643 14.1% 797 14.2% 898 14.3%American Indian Alone 19 0.4% 29 0.5% 38 0.6%Asian Alone 85 1.9% 130 2.3% 173 2.8%Pacific Islander Alone 3 0.1% 3 0.1% 3 0.0%Some Other Race Alone 53 1.2% 87 1.5% 120 1.9%Two or More Races 116 2.5% 176 3.1% 236 3.8%

Hispanic Origin (Any Race) 195 4.3% 313 5.6% 413 6.6%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

August 30, 2018

©2018 Esri Page 1 of 6



AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent) 2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20182023

Population by AgePopulation by Age

Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2018 Household Income 2018 Household Income

<$15K6.0%

$15K - $24K8.1%

$25K - $34K7.0%

$35K - $49K12.2%

$50K - $74K21.5%

$75K - $99K15.4%

$100K - $149K17.8%

$150K - $199K8.8%

$200K+3.2%

2018 Population by Race2018 Population by Race

Perc

ent

70

60

50

40

30

20

10

0White Black Am. Ind. Asian Pacific Other Two+

2018 Percent Hispanic Origin: 5.6%


August 30, 2018




Summary Census 2010 2018 2023Population 30,947 35,743 38,943Households 12,644 14,520 15,800Families 8,794 10,018 10,862Average Household Size 2.39 2.41 2.42Owner Occupied Housing Units 8,798 10,691 11,859Renter Occupied Housing Units 3,846 3,830 3,942Median Age 42.4 44.3 45.1



<$15,000 1,081 7.4% 977 6.2%$15,000 - $24,999 1,087 7.5% 975 6.2%$25,000 - $34,999 1,028 7.1% 929 5.9%$35,000 - $49,999 1,688 11.6% 1,600 10.1%$50,000 - $74,999 2,687 18.5% 2,681 17.0%$75,000 - $99,999 2,017 13.9% 2,224 14.1%$100,000 - $149,999 2,728 18.8% 3,455 21.9%$150,000 - $199,999 1,271 8.8% 1,617 10.2%$200,000+ 934 6.4% 1,342 8.5%



0 - 4 1,705 5.5% 1,781 5.0% 1,898 4.9%5 - 9 1,742 5.6% 1,945 5.4% 2,068 5.3%10 - 14 1,877 6.1% 2,024 5.7% 2,189 5.6%15 - 19 1,977 6.4% 2,043 5.7% 2,185 5.6%20 - 24 1,979 6.4% 1,968 5.5% 1,877 4.8%25 - 34 3,476 11.2% 4,216 11.8% 4,188 10.8%35 - 44 3,779 12.2% 4,163 11.6% 5,008 12.9%45 - 54 4,328 14.0% 4,520 12.6% 4,494 11.5%55 - 64 4,185 13.5% 4,785 13.4% 5,058 13.0%65 - 74 3,446 11.1% 4,515 12.6% 5,008 12.9%75 - 84 1,812 5.9% 2,732 7.6% 3,599 9.2%

85+ 641 2.1% 1,052 2.9% 1,369 3.5%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 23,665 76.5% 26,567 74.3% 28,192 72.4%Black Alone 5,085 16.4% 6,041 16.9% 6,716 17.2%American Indian Alone 94 0.3% 148 0.4% 187 0.5%Asian Alone 703 2.3% 984 2.8% 1,266 3.3%Pacific Islander Alone 28 0.1% 31 0.1% 34 0.1%Some Other Race Alone 480 1.6% 706 2.0% 911 2.3%Two or More Races 891 2.9% 1,264 3.5% 1,637 4.2%

Hispanic Origin (Any Race) 1,479 4.8% 2,205 6.2% 2,822 7.2%Data Note: Income is expressed in current dollars.


August 30, 2018




AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent) 2.5

2

1.5

1

0.5

Population Households Families Owner HHs Median HH Income

20182023


Perc

ent

12

10

8

6

4

2

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K7.4%

$15K - $24K7.5%

$25K - $34K7.1%

$35K - $49K11.6%

$50K - $74K18.5%

$75K - $99K13.9%

$100K - $149K18.8%

$150K - $199K8.8%

$200K+6.4%


Perc

ent

70

60

50

40

30

20

10




August 30, 2018




Summary Census 2010 2018 2023Population 73,268 83,354 90,143Households 28,346 32,191 34,877Families 19,445 21,896 23,642Average Household Size 2.42 2.44 2.44Owner Occupied Housing Units 19,666 23,121 25,541Renter Occupied Housing Units 8,680 9,071 9,336Median Age 40.1 42.0 43.0



<$15,000 2,427 7.5% 2,154 6.2%$15,000 - $24,999 2,142 6.7% 1,892 5.4%$25,000 - $34,999 2,303 7.2% 2,071 5.9%$35,000 - $49,999 3,450 10.7% 3,257 9.3%$50,000 - $74,999 5,546 17.2% 5,477 15.7%$75,000 - $99,999 4,453 13.8% 4,816 13.8%$100,000 - $149,999 6,111 19.0% 7,582 21.7%$150,000 - $199,999 2,847 8.8% 3,540 10.1%$200,000+ 2,912 9.0% 4,087 11.7%



0 - 4 3,630 5.0% 3,759 4.5% 4,019 4.5%5 - 9 3,925 5.4% 4,059 4.9% 4,310 4.8%10 - 14 4,265 5.8% 4,381 5.3% 4,592 5.1%15 - 19 6,013 8.2% 6,225 7.5% 6,403 7.1%20 - 24 7,031 9.6% 7,551 9.1% 7,378 8.2%25 - 34 7,757 10.6% 9,541 11.4% 10,011 11.1%35 - 44 8,434 11.5% 8,725 10.5% 10,331 11.5%45 - 54 9,914 13.5% 9,996 12.0% 9,726 10.8%55 - 64 9,262 12.6% 11,032 13.2% 11,696 13.0%65 - 74 7,375 10.1% 9,941 11.9% 11,322 12.6%75 - 84 4,139 5.6% 5,825 7.0% 7,523 8.3%

85+ 1,525 2.1% 2,319 2.8% 2,831 3.1%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 56,484 77.1% 62,563 75.1% 66,006 73.2%Black Alone 10,828 14.8% 12,540 15.0% 13,747 15.3%American Indian Alone 232 0.3% 341 0.4% 420 0.5%Asian Alone 2,261 3.1% 3,042 3.6% 3,782 4.2%Pacific Islander Alone 74 0.1% 105 0.1% 124 0.1%Some Other Race Alone 1,212 1.7% 1,749 2.1% 2,229 2.5%Two or More Races 2,178 3.0% 3,014 3.6% 3,835 4.3%

Hispanic Origin (Any Race) 3,618 4.9% 5,306 6.4% 6,762 7.5%Data Note: Income is expressed in current dollars.


August 30, 2018




AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent) 2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20182023


Perc

ent

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K7.5%

$15K - $24K6.7%

$25K - $34K7.2%

$35K - $49K10.7%

$50K - $74K17.2%

$75K - $99K13.8%

$100K - $149K19.0%

$150K - $199K8.8%

$200K+9.0%


Perc

ent

70

60

50

40

30

20

10




August 30, 2018


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 - loopnet · newport news, virginia 23606 phone (757) 327-0333 / fax (757) 327-0984 this...

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