2401 Seaboard RdVirginia Beach, VA 23456

  • Retail properties
  • 21,095 SF
For Lease

Property Details for 2401 Seaboard Rd

Year built
2003
Construction
TYPE NOT SPECIFIED
Lot size
5.86 AC
Property size (Sq ft)
21,095 SF
Zone code
AG2
Property type
Retail properties
Property subtype
Community centers
APN
24045302970000
APU
24045302970000

Description

Foxfire Center, a 21,095 square foot strip center in Virginia Beach, Virginia, presents a compelling investment opportunity. Currently, 2,125 square feet of retail space is available for lease, ideal for a variety of businesses. This multi-tenant property enjoys a highly desirable location at the intersection of Princess Anne Road and Seaboard Road, offering excellent visibility and accessibility. The strategic positioning provides convenient proximity to the Virginia Beach Municipal Complex and Courthouse, ensuring a consistent flow of potential customers. The surrounding area boasts strong demographics, characterized by above-average household incomes, creating a robust consumer base for retail establishments. The property's address is 2401 Seaboard Rd, Virginia Beach, VA 23456, within City of Virginia Beach County. This presents a rare chance to secure a well-situated retail space in a thriving Virginia Beach community. The existing building offers ample space for a variety of retail or restaurant uses. The available space is ready for immediate occupancy. Interested parties should inquire about lease terms and conditions.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,753,342
    6.5%
    $5,310,777
    7%
    $4,931,436
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,966,129
    Geo Method
    $8,878,151
  • Alternative Use

    Use
    Valuation
    Residential
    $4,479,839
    Hospitality
    $4,103,508
    Educational
    $3,414,071
    Medical
    $3,531,486
    Retail
    $5,310,777
2401 Seaboard Rd, Virginia Beach, Virginia

Location Insight

City
Virginia Beach
County
Virginia Beach City
State
Virginia
Latitude
36.7535
Longitude
-76.0349
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$32,804
$1,114,200
$2,199,300
$3,313,500
-
$1,114,200
$2,199,300
$3,313,500

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