709 Independence BlvdVirginia Beach, VA 23455

This exceptional 7,881 square foot restaurant building, located at 709 Independence Blvd, Virginia Beach, VA 23455, presents a unique investment opportunity. Situated on a 1.829-acre lot, this Class A property boasts high visibility at the signalized intersection of Independence Blvd and Pembroke Blvd, enjoying over 42,000 vehicles per day. Built in 1975 and extensively renovated in 2014, the single-story building features a single tenancy and ample parking for 155 vehicles. The property includes walk-in coolers and freezers, reflecting previous restaurant use. Its B2 zoning permits a wide range of redevelopment options, capitalizing on the oversized lot. The property is conveniently located within the Town Center and Haygood retail submarkets, surrounded by thriving businesses including Wegmans, REI, DSW, Nordstrom Rack, Harris Teeter, Chick-fil-A, Starbucks, and numerous other national and local restaurants. The asking price is $4,200,000. Occupancy is available August 30, 2024. This is an ideal opportunity for owner/users seeking a high-traffic location or developers looking for redevelopment potential in a vibrant retail area.