1101 Virginia Beach BlvdVirginia Beach, VA 23451

Property Details for 1101 Virginia Beach Blvd

Year built

1989

Construction

TYPE NOT SPECIFIED

Lot size

0.75 AC

Property size (Sq ft)

1,012 SF

Zone code

B2

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

24175545440000

APU

24175545440000

Description

This exceptional 0.647-acre commercial land parcel presents a unique investment opportunity in the vibrant Virginia Beach market. Located at 1101 Virginia Beach Boulevard, this single-tenant site is zoned B-2 Commercial, offering considerable flexibility for a wide range of commercial developments. The property's strategic location at the intersection of Virginia Beach Boulevard and Birdneck Road ensures high visibility and accessibility, benefiting from significant daily traffic flow. Its 0.647-acre lot size provides ample space for construction, allowing for substantial building potential. The property is situated in Virginia Beach, Virginia, within the 23451 zip code, offering easy access to major transportation arteries and a thriving local economy. This is an ideal location for businesses seeking a high-traffic, easily accessible site in a dynamic and growing area. The property is currently available for lease, presenting a compelling opportunity for businesses seeking to establish a strong presence in this desirable location. Serious inquiries are encouraged to explore the development potential of this prime commercial land parcel. Detailed site plans and zoning information are available upon request. Don't miss this chance to secure a prominent location in Virginia Beach.

• CAP approach

  CAP return

  Valuation

  6%

  $314,141

  6.5%

  $289,976

  7%

  $269,263

• Comparable approach

  Method

  Valuation

  Relative Method

  $326,771

  Geo Method

  $425,916

• Alternative Use

  Use

  Valuation

  Residential

  $244,606

  Hospitality

  $224,057

  Educational

  $186,413

  Medical

  $192,824

  Retail

  $289,976

Location Insight

City

Virginia Beach

County

Virginia Beach City

State

Virginia

Latitude

36.8414

Longitude

-75.9966

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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