3012 Pacific AveVirginia Beach, VA 23451

Property Details for 3012 Pacific Ave

Year built

2001

Construction

FRAME

Lot size

0.34 AC

Property size (Sq ft)

1,612 SF

Zone code

OR

Property type

Retail properties

Property subtype

Banks

APN

24280129480000

APU

24280129480000

Description

This exceptional 1,612 square foot freestanding retail building, located at 3012 Pacific Avenue in Virginia Beach, Virginia, presents a unique investment opportunity. Currently vacant, the entire space is available for lease. The property boasts a single-tenant configuration, ideal for a variety of retail uses. Situated on a sizable 0.338-acre lot, the building offers ample space for customer parking and potential outdoor signage. Its convenient location in Virginia Beach city, zip code 23451, ensures high visibility and accessibility for customers. The property's classification as a "Freestanding Bank Building" suggests a robust structure, potentially featuring secure vaulting or other desirable features. The building's size and layout are well-suited for a variety of retail businesses seeking a prominent location in a thriving Virginia Beach community. This is a rare opportunity to secure a prime retail space in a desirable area. The property is ready for immediate occupancy, allowing for a swift start to operations. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers. The property's location offers easy access to major roadways and is within close proximity to various amenities and residential areas. This makes it an attractive location for businesses seeking high foot traffic and a strong customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $500,390

  6.5%

  $461,898

  7%

  $428,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $520,508

  Geo Method

  $678,435

• Alternative Use

  Use

  Valuation

  Residential

  $389,629

  Hospitality

  $356,898

  Educational

  $296,935

  Medical

  $307,147

  Retail

  $461,898

Location Insight

City

Virginia Beach

County

Virginia Beach City

State

Virginia

Latitude

36.8588

Longitude

-75.9795

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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