Monday, November 29, 2021

Sign up here for our free newsletter that tells you about the newest stories, twice each week.

Yankee Candle Village Remains For Sale More Than Six Months After Closing

WILLIAMSBURG-After closing more than six months ago, the former Yankee Candle Village on Richmond Road, which is currently for sale, remains empty with no potential buyers.

The two-story 64,000 square foot building sits on 6.5 acres at 2200 Richmond Rd. Cushman & Wakefield/Thalhimer is handling the sale of the property, which is estimated to be worth between $5-$6 million. Despite a few drive-by interests in the building, “we have no active prospects to date,” said Dawn Griggs, SIOR, first vice president for Cushman & Wakefield/Thalhimer.

Selling a property that large for commercial use is proving to be a challenge. Cushman & Wakefield/Thalhimer is working with the city of Williamsburg on other possible uses for the building to attract buyers. Possibilities include a mini climate-controlled storage facility, or a conversion into a mixed-use complex with retail space on the first floor and residences on the second level.

“We are trying to be inventive and creative with how to use it,” Griggs said.

Yankee Candle Village was a popular destination for locals and tourists alike. In addition to selling candles, Yankee Candle Village featured a Christmas area where kids could visit with Santa Claus year-round. The establishment also had a home décor store and a general store. Yankee Candle Village closed in April 2021 after 16 years in business.

You must purchase this article or be a subscriber to comment on it.

More Real Estate News

Six Businesses On List In Latest Lease Transaction Report From Cushman & Wakefield/Thalhimer

On November 23, Cushman & Wakefield | Thalhimer announced the following lease transaction activity for the Peninsula: Grace Hospice of America renewed their lease of...

Freddy’s Frozen Custard & Steakburgers Among The Latest Lease Transactions From Cushman & Wakefield/Thalhimer

Freddy’s Frozen Custard & Steakburgers will soon open two new locations in the Hampton Roads area. Cushman & Wakefield/Thalhimer announced on November 16 that...

Cushman & Wakefield/Thalhimer Announces Latest Lease Transactions

On Monday, November 8, Cushman & Wakefield/Thalhimer announced the following lease transactions for the Peninsula: G&K Ventures, LLC leased 4,720 square feet of industrial space...