For Sale
$1,154,000

425 Witchduck RdVirginia Beach, VA 23462

High-yield, fully leased office & retail complex.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents two buildings comprising the Kempsville Professional Center, located at 425 & 437 S Witchduck Rd, Virginia Beach, VA 23462. The property boasts a total of 8,511 square feet of leasable space, distributed across 11 units and currently enjoying 100% occupancy. Eleven local businesses occupy the space, generating a strong 8.50% cap rate. Built in 1975, the complex sits on a substantial 23,913 square foot lot. One building offers 6,000 square feet, while the second building provides 2,511 square feet. The property benefits from high visibility and frontage on S. Witchduck Road, and is conveniently located within a half-mile of I-264, ensuring excellent accessibility. The asking price for this multi-tenant property is $1,154,000. This presents a rare chance to acquire a stable, high-performing commercial property in a desirable Virginia Beach location. The property's strong occupancy and prime location make it an attractive investment for discerning buyers seeking consistent cash flow and potential for future appreciation.

Highlights

  • 6,000 SF building on ±14,000 SF lot at 425 S. Witchduck Rd., 100% occupied by 8 tenants.
  • 2,511 SF building on ±9,913 SF lot at 8437 S. Witchduck Rd., 100% occupied by 3 tenants.

Property Details for 425 Witchduck Rd

Property type
Retail properties, Office properties
Square Feet
8,511 SF
Year Built
1975
Buildings
2
Units
11

Location Insight

City
Virginia Beach
County
Virginia Beach City
State
Virginia
Latitude
36.828027004773
Longitude
-76.160817096886
425 Witchduck Rd, Virginia Beach, Virginia

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425 Witchduck Rd
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