1091 Norfolk AveVirginia Beach, VA 23451

Property Details for 1091 Norfolk Ave

Year built

1988

Construction

TYPE NOT SPECIFIED

Lot size

1.62 AC

Property size (Sq ft)

11,000 SF

Zone code

B2

Property type

Community centers

APN

24175401990000

APU

24175401990000

Description

This exceptional retail opportunity is located within the Birdneck Community Shoppes, an established neighborhood center situated on a highly visible intersection near the Vibe Creative District in Virginia Beach, Virginia. The property boasts a total of 17,450 square feet and currently features one available suite encompassing 1,000 square feet of versatile space, perfect for a variety of retail uses. The building is located at 1091 Norfolk Ave, Virginia Beach, VA 23451, less than 1.5 miles from the popular Virginia Beach Boardwalk, ensuring high foot traffic and visibility. Ample parking is available, with a generous ratio of 5.69 parking spaces per 1,000 square feet of building area. This prime location offers excellent access to a thriving community and a strong customer base. The property is classified as Commercial Retail in Virginia Beach County and presents a unique chance to establish or expand a business in a desirable area. The single suite layout provides a cohesive and efficient space for a retailer seeking a well-positioned location within a vibrant community. Don't miss this opportunity to secure a prominent retail presence in a high-traffic area of Virginia Beach.

• CAP approach

  CAP return

  Valuation

  6%

  $3,332,464

  6.5%

  $3,076,121

  7%

  $2,856,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,464,310

  Geo Method

  $4,629,517

• Alternative Use

  Use

  Valuation

  Residential

  $2,594,823

  Hospitality

  $2,376,844

  Educational

  $1,977,506

  Medical

  $2,045,516

  Retail

  $3,076,121

Location Insight

City

Virginia Beach

County

Virginia Beach City

State

Virginia

Latitude

36.8376

Longitude

-75.9978

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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