Virginia Beach, Virginia, is a prime location for investing in Commercial Real Estate For Sale, with 88 available listings. The city's unique blend of resort character, rich history, and strong economy makes it an attractive destination for businesses and tourists alike. Commercial Real Estate in Virginia Beach can represent a wide range of investments, from retail and office spaces to restaurants and hotels. With its strategic location at the mouth of the Chesapeake Bay and the Atlantic Ocean, Virginia Beach offers a unique combination of amenities, infrastructure, and geography that makes it an ideal place to invest in Commercial Real Estate. The city is home to several institutions, including Virginia Wesleyan University and Regent University, and is served by a well-developed infrastructure, including water and sewer services, electricity, natural gas, and broadband internet. Additionally, the city's strong economy, driven by tourism, agribusiness, and the presence of several United States Military bases, makes it an attractive location for businesses.
Virginia Beach's Commercial Real Estate market offers a diverse range of opportunities, with an average price per square foot of $331 USD and an average size of 24,637 square feet. The largest available property is 143,560 square feet, offering ample space for businesses to ??? and expand. In addition to Commercial Real Estate, Virginia Beach is also home to a range of other property types, including Industrial Properties, Apartment Buildings, Office Properties, and Hotels. The city's Industrial Properties offer a range of opportunities for manufacturers and distributors, while its Apartment Buildings provide a steady stream of income for investors. Office Properties in Virginia Beach are highly sought after, with many businesses drawn to the city's strong economy and high quality of life. Finally, the city's Hotels cater to the millions of tourists who visit Virginia Beach each year, offering a unique opportunity for investors to capitalize on the city's thriving tourism industry. Overall, Virginia Beach is a great place to invest in Commercial Real Estate, with its unique combination of amenities, infrastructure, and geography making it an attractive destination for businesses and investors alike.
What financing options are available for purchasing commercial real estate?
When it comes to purchasing commercial real estate in Virginia Beach, there are several financing options available to suit different business needs and goals, including:
- Traditional commercial mortgages offered by banks and credit unions, which typically require a 20-30% down payment and offer fixed or adjustable interest rates.
- Small Business Administration (SBA) loans, which provide more favorable terms, such as lower down payments and longer repayment periods, for qualified small businesses.
- Alternative financing options, such as private money lenders and hard money loans, which offer more flexible terms and faster approval processes, but often come with higher interest rates and fees.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Virginia Beach, understanding cap rates is crucial. The average cap rate in Virginia Beach is 6.64%, which can help investors determine the potential return on investment for a property, making it a vital factor in their purchasing decisions; to learn more about cap rates, check out our article on what is a cap rate.
With 88 available listings of commercial real estate in Virginia Beach, investors have a range of options to choose from, and considering the cap rate can help them make an informed decision. By evaluating the cap rate, investors can assess the property's potential income generation and compare it to other investment opportunities, ultimately helping them make a more informed purchase decision.
What is considered a commercial property?
In Virginia Beach, a commercial property is typically defined as a building or land used for business or commercial activities, such as office spaces, retail stores, restaurants, warehouses, and hotels, which can be found among the 88 available listings of commercial real estate in the area.
These properties can range in size from 24,637 square feet to 143,560 square feet, with an average price per square foot of $331 USD and an average cap rate of 6.64%, making them attractive investments for businesses and investors alike.
