3713 Sandpiper RdVirginia Beach, VA 23456

Property Details for 3713 Sandpiper Rd

Year built

1960

Construction

FRAME

Lot size

2.00 AC

Property size (Sq ft)

5,748 SF

Zone code

B4

Property type

Turn key restaurants

APN

24326361400000

APU

24326361400000

Description

This exceptional 21.677-acre property in Virginia Beach, VA (APN 243-263-61400-000), presents a unique investment opportunity. Situated at the southernmost point of developable coastal land in Virginia, this site boasts breathtaking views and direct beach access via an existing easement. Located on the west side of Sandpiper Road, it enjoys a secluded setting adjacent to the Back Bay National Wildlife Refuge and the Sanctuary at False Cape condominium community. The property features 4.38 acres of developable uplands and includes 12 existing boat slips with potential for expansion. Zoned B-4, the land allows for a variety of high-density developments, including hotels, condominiums, multifamily residences, and short-term rentals, with a potential for up to 156 units. Utilities are available on-site. This offering provides unparalleled access to both the natural beauty of the refuge and False Cape State Park, as well as the urban amenities of Virginia Beach. The combination of prime location, zoning potential, and existing infrastructure makes this a truly remarkable development opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,567,680

  6.5%

  $1,447,089

  7%

  $1,343,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,625,660

  Geo Method

  $2,419,133

• Alternative Use

  Use

  Valuation

  Residential

  $1,220,674

  Hospitality

  $1,118,131

  Educational

  $930,272

  Medical

  $962,265

  Retail

  $1,447,089

Location Insight

City

Virginia Beach

County

Virginia Beach City

State

Virginia

Latitude

36.6959

Longitude

-75.929

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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