For Lease
$38.07/SF/YR

709 Independence Blvd Virginia Beach, VA 23455

7,881 SF Restaurant, 1.89 Acres

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 7,881-square-foot restaurant space, formerly a Red Lobster, is available for lease or sale in Virginia Beach, VA. Situated on a 1.89-acre lot at the highly visible, signalized intersection of Independence Blvd and Pembroke Blvd, this property boasts over 42,000 vehicles per day passing by. Built in 1975 and renovated in 2014, the single-story building features a 1600 amp main panel. The property benefits from its location within the desirable Hagood/Towncenter submarket, surrounded by a vibrant mix of national and local retailers including Wegmans, REI, DSW, Nordstrom Rack, Harris Teeter, Chick-fil-A, and Starbucks. The B2 zoning provides flexibility for various restaurant concepts. Property taxes are $2.16 per square foot. This is a rare opportunity to acquire a well-located, established restaurant space with significant visibility and strong surrounding demographics. The entire 7,881 square feet is currently vacant and ready for immediate occupancy. The address is 709 Independence Blvd, Virginia Beach, VA 23455.

Property Details for 709 Independence Blvd

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
7,881 SF
Year Built/Renovated
1975/2014
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
7,881 SF
Rate per SF
$38.07

Location Insight

City
Virginia Beach
County
Virginia Beach City
State
Virginia
Latitude
36.86327339
Longitude
-76.13219638

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FAQs

What type of property is this?
Retail property - 7,881 SF Restaurant, 1.89 Acres
Where is the retail property located?
The property is located at 709 Independence Blvd Virginia Beach, VA.
What is the lease rate?
The lease rate is $38.07/SF/YR.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Chris Read
Chris Read
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Useful Information

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Independence Blvd
Virginia Beach, VA 23455

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Independence Blvd
Virginia Beach, VA 23455

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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709 Independence Blvd
  • Chris Read
    Chris Read
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