2401 Seaboard RdVirginia Beach, VA 23456

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $4,496,100

  6.5%

  $4,150,240

  7%

  $3,853,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,462,210

  Geo Method

  $3,664,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $8,113,320

  Mixed-Use / Specialty

  $4,127,390

  Hospitality / Lodging

  $3,017,640

  Office

  $4,094,480

  Institutional / Educational

  $4,287,940

  Residential Income

  $5,016,890

  Multifamily

  $6,061,660

  Automotive / Energy

  $3,675,380

  Parking / Income-Based Land

  $1,276,290

  Restaurant / Food Service

  $2,129,490

  Healthcare / Senior Housing

  $4,240,820

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

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