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Business Condominium Fitness Lease
For Sale
$1,500,000

100-2090 Princess Anne Rd, Virginia Beach, VA 23457

Business condominium offered with a long-term tenant in place through 2029, plus two additional five-year extensions.

Property SizeContact for details
Days on Market74

Property Features for 100-2090 Princess Anne Rd

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $11,388
Listing Agency: Swell Real Estate Co
Listed By: Phyllis Mihalas · License #0225226315
Source: Exprealty
Added: Jun 24 Changed: Aug 21 Last Checked: Sep 5 at 12:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Swell Real Estate Co

Investment Insights

Based on property information with market context.

This offering is a business condominium that includes an operating fitness business tenant with a current lease extending through 2029. The lease also allows for two additional five-year extensions, providing continued occupancy beyond the initial term.

The property is located at 100-2090 Princess Anne Rd in Virginia Beach, Virginia. The seller is the original owner of both the building and the business.

The business was sold several years ago, and the current structure provides an investor the opportunity to acquire a unit with an existing, long-term tenant relationship already in place.

Key Highlights

  • Business condominium with a long‑term tenant in place through 2029
  • Two additional five‑year tenant extensions available
  • Original owner offering the business condominium with tenant occupancy

Property Analytics

Current Use

Fitness centers & gyms

Suggested Use

Top Pick Big Box & Wholesale Store Food Market Spa & Massage Center Restaurant Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby
Well-served
Demand for This Use

Demographics for 23457, VA

4,481
Population
1,720
Households
2.6
Avg Household Size
45
Median Age
30%
College-Educated
97%
High-School Grad
67.9 sq mi
ZIP Area
66
Density / Sq Mi
$109,750
Median Household Income
$60,688
Median Earnings
$1,155
Median Rent
$556,900
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Fitness center & gym - Business condominium offered with a long-term tenant in place through 2029, plus two additional five-year extensions.
Where is this fitness center & gym located?
The property is located at 100-2090 Princess Anne Rd Virginia Beach, VA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Business condominium with a long‑term tenant in place through 2029; Two additional five‑year tenant extensions available; Original owner offering the business condominium with tenant occupancy
More about this property
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