For Sale
$4,000,000

1120 First Colonial Rd Virginia Beach, VA 23454

Prime Medical Office, 22,290 SF, VA

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional two-story medical office building, situated at 1120 First Colonial Road in Virginia Beach, VA, presents a compelling investment opportunity. The 22,290 square foot building, constructed in 1970, features a durable concrete, CMU block, brick, and steel structure. Occupancy currently stands at a strong 92.2%. The property sits on a generous 2.19-acre lot, offering ample space and parking for 129 vehicles. Its strategic location on a major medical corridor, in close proximity to Sentara Virginia Beach General Hospital, ensures excellent visibility and accessibility for both patients and medical professionals. The building is zoned O-2, Office, and its rectangular shape maximizes functionality. The asking price for this Class B property is $4,000,000. The APN is 24085474890000. This well-maintained building offers a significant return on investment in a thriving medical market. The property's size, location, and current occupancy make it an attractive prospect for both investors and healthcare providers seeking a well-established presence in Virginia Beach. The zip code is 23454.

Highlights

  • $4,000,000 asking price for a 22,290 SF Class B medical office building.
  • 92.2% occupancy.
  • Located at 1120 First Colonial Rd, Virginia Beach, VA 23454.
  • Built in 1970, two stories, on a 2.19-acre lot with 129 parking spaces.
  • O-2 zoning.

Property Details for 1120 First Colonial Rd

Property type
Office properties, Medical offices
Square Feet
22,290 SF
Class
B
Year Built
1970
Stories
2
Lot Size (sq. ft)
95,396 SF

Location Insight

City
Virginia Beach
County
Virginia Beach
State
Virginia
Latitude
36.8668092
Longitude
-76.0289393

FAQs

What type of property is this?
Office property - Prime Medical Office, 22,290 SF, VA
Where is the office property located?
The property is located at 1120 First Colonial Rd Virginia Beach, VA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: $4,000,000 asking price for a 22,290 SF Class B medical office building.; 92.2% occupancy.; Located at 1120 First Colonial Rd, Virginia Beach, VA 23454.
How can I contact the broker?
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1120 First Colonial Rd
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