3615 Virginia Beach BlvdVirginia Beach, VA 23452

Property Details for 3615 Virginia Beach Blvd

Year built

1979

Construction

FRAME

Lot size

1.05 AC

Property size (Sq ft)

13,218 SF

Zone code

B2

Property type

Office buildings

APN

14876442080000

APU

14876442080000

Description

This exceptional retail opportunity is located at 3615 Virginia Beach Boulevard, Virginia Beach, VA 23452, a prime location in the Little Neck submarket. The property boasts a total of 14,000 square feet across 12 suites, offering a flexible layout suitable for various retail businesses. Currently, 2,700 square feet of space is immediately available, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 3,300 square feet. The building is a single-story structure with ample parking, providing 50 spaces for customers and employees. Its B-2 zoning allows for a wide range of commercial uses. The property enjoys exceptional visibility and accessibility, situated on Virginia Beach Boulevard at the intersection of Rosemont Road. This high-traffic area benefits from proximity to major retailers such as Home Depot, BJ's, Sam's Club, Harris Teeter, and Kroger, ensuring significant foot traffic and brand exposure. This is an ideal location for businesses seeking a strong presence in a thriving retail corridor. The property's convenient location and ample parking make it an attractive option for both businesses and their customers. Don't miss this chance to establish your business in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,791,206

  6.5%

  $2,576,498

  7%

  $2,392,462

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,693,666

  Geo Method

  $2,207,538

• Alternative Use

  Use

  Valuation

  Residential

  $3,194,858

  Hospitality

  $2,926,472

  Educational

  $2,434,791

  Medical

  $2,518,527

  Retail

  $3,787,452

Location Insight

City

Virginia Beach

County

Virginia Beach City

State

Virginia

Latitude

36.84

Longitude

-76.0959

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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