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PROPERTY DETAILS: * A long-standing former Fire Station, this sizable commercial property is located in Virginia Beach, along Pleasure House Rd * Zoned B-2 (Community Business District) - Community-wide business establishments Site Information: * Site is generally rectangular, on a 200' ± x 100' ± = 20,000± SF = .46 acre. * On-Site paved lot can be marked out for ample parking * All public utilities are at or available to the property * Site is highly visible from the street and easily accessible. * Surrounded by dense residential concentration and neighbors a commercial corridor * The property is immediately available! * There is also an option to lease the property, contact listing agent for more information.
The property is currently being used for automotive repair and sales.
BEST BUSINESS, RUN BY EMPLOYEES... BEST RETURN INVESTMENT. CALL FOR MORE INFORMATION.
This is a portfolio sale of two properties located on heavily traveled Newtown Road just north of Virginia Beach Blvd. The portfolio includes a 0.45 acre lot with a leased six bay auto service facility and an adjacent 0.35 acre vacant corner lot. Both parcels are zoned B-2 and are owned by separate but affiliated owners.
Divaris Real Estate Inc., is pleased to offer for sale Lynnhaven Green Shopping Center, a neighborhood retail center anchored by the international grocer G-Mart and located in the Kempsville retail sub market of Virginia Beach, Virginia. Lynnhaven Green Shopping Center GLA: 50,838 sq. feet Year Built: 1980 Offer Price: Price Per Square Foot $4,700,000 $92.45 Year 1 Projected NOI: $377,091 Year 1 Cap Rate: 8% Year 1 Cash on Cash Return ($1,414,000 cash at 70% LTV, 4.5% IR for 25yr) Internal Rate of Return, 10 year hold 10.7% 15.7% Occupancy: 100% Offering Terms The owner is offering fee simple interest in Lynnhaven Green Shopping Center on an as-is basis. Interested parties are requested to submit offers in writing to Investment Highlights Secured Asset: Recently renovated in August 2014, Investors have an incredible opportunity to take advantage of Lynnhaven Green' s long term tenants. G-Mart, and Castaways
Fantastic Opportunity! This is one of two Convenience Store/ Gas Stations available as a package! See our other listing at 5101 George Washington Memorial Hwy, Yorktown for the second store. Owner prefers to sell these at a pair.
26,000 SF For Sale at $2,500,000 ($96.15)/SF 26,000 SF Retail Freestanding Building Built in 1940
2,786 SF Retail Fast Food Building Built in 1982
This is a BUSINESS ONLY property with two years remaining on a five year lease. Five additional one year renewals are available. Purchase an existing restaurant and lounge just 1/2 block from the beautiful Virginia Beach boardwalk. Sale price includes 100K furniture and equipment + 20K for two year P & L. The ABC license is transferable to qualifying applicants.