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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.
Strip mall consisting of 4 stores. Anchored by busy Starbucks, Fed Ex Kinkos, Sakura sushi restaurant and Quiznos. 7,000 sq ft retail on acre with parking.
Portfolio of two properties to be sold together located on heavily travelled Newtown Road just north of Virgina Beach Blvd. The portfolio includes a 0.45 acre lot with a six bay auto service facility and adjacent, surrounding 1.85 acre vacant land zoned R75.
26,000 SF For Sale at $2,500,000 ($96.15)/SF 26,000 SF Retail Freestanding Building Built in 1940
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
100% leased. High visibility. Marquee sign. Abundant parking. Convenient location. Seller is 1031.
This property is a former convenience store and could be rehabbed to provide for many retail uses. The corner lot has great visibility and has 120' frontage and 0.44 acre. The building is 2,760 sf and was built in 1968.
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 + 50K for two year P & L. The ABC license is transferable to qualifying applicants.
32,000 sf Retail investment property. Located at Lynnhaven Mall -the largest super regional mall in Virginia. Credit Tenant. Developer ready to make a deal and move to the next project. Offering a 8.4% cap rate 2014 with a 9.4% cap rate for jan 1 2016.
This 8-bay, self serve car wash and lot is zoned B-2 and has many business uses. Possibilities include continuing as a self serve car wash, building a retail or office development, used car lot, etc. Parking includes 25,000 sf concrete parking. The property is also for lease for $3,000 monthly with a two year minimum lease.