813 Independence Blvd Virginia Beach, VA 23455

This exceptional two-story medical office building, totaling 13,061 square feet, presents a compelling investment opportunity in Virginia Beach, VA. Located at 813 Independence Blvd, this Class B property enjoys a prime corner location at Independence Boulevard and North Witchduck Roads, just two miles from the Town Center and I-264. Built in 1981, the building offers 3,480 square feet of net rentable space, with below-market rents currently in place, presenting significant value-add potential. A prime first-floor medical suite will become available November 1, 2024. The property boasts ample parking in a recently paved lot, a newly refurbished lobby and elevator, and is well-maintained with no immediate capital expenditure needs. The building is currently operating under a NNN lease structure. This location benefits from consistent year-over-year rent growth in the highly sought-after Independence Blvd. submarket. The existing leases offer the potential to recapture additional gross leasable area not currently included. The asking price is $2,600,000. This is an ideal owner-user investment opportunity with stable cash flow.