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    969 Chimney Hill Pkwy Virginia Beach, VA 23462

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    For Lease
    Contact for pricing

    Virginia Beach Office: Lease or Build

    Lot size:
    2,543 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,543 square foot former bank branch, situated on a 0.74-acre lot in Virginia Beach, VA, presents a unique opportunity for lease or build-to-suit. Located on busy Holland Road (34,000 VPD), this single-tenant property boasts high visibility and accessibility, enhanced by its non-signalized outparcel location within Chimney Hill Center, a 207,000 square foot retail center anchored by Crunch Fitness and Roses. The property features a three-lane drive-thru, 18 parking spaces, and excellent ingress/egress with three curb cuts. Its B-2 zoning allows for diverse uses, including retail, restaurants, medical, and financial institutions. The building, constructed in 1982, is a one-story Class B structure. Proximity to major employers like Naval Air Station Oceana and numerous national retailers (Wendy's, McDonald's, BP, Firestone) further enhances its appeal. Property taxes are $3.72 per square foot. The address is 969 Chimney Hill Pkwy, with a cross street of Holland Rd, and the APN is 14865426900000. This is an ideal location for businesses seeking high traffic counts, strong visibility, and convenient access in a thriving commercial area. The property's existing infrastructure, including the drive-thru, offers significant advantages for a variety of potential tenants. Don't miss this chance to secure a prime location in a high-demand area.

    Property Features for 969 Chimney Hill Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,543 SF
    Class
    B

    Building Details

    Year Built
    1982
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,543 SF

    HighLights

    • 2,543 SF former bank branch available for lease or build‑to‑suit.
    • Single‑tenant retail property on 0.74 acres with 18 parking spaces and a 3‑lane drive‑thru.
    • Located on busy Holland Rd in Virginia Beach, VA, near Naval Air Station Oceana.
    • B‑2 zoning allows for various uses including retail, restaurants, and medical.
    • High visibility with 34,000 VPD on Holland Rd and good ingress/egress.
    Property Profile Location Intelligence

    Current Use by Public Records

    Truist Financial Planner BB&T Insurance Services Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.100368453267
    Latitude
    36.813852689036

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    FAQs

    What type of property is this?
    Restaurant - Virginia Beach Office: Lease or Build
    Where is this restaurant located?
    The property is located at 969 Chimney Hill Pkwy Virginia Beach, VA.
    What are key features of this property?
    This property features: 2,543 SF former bank branch available for lease or build-to-suit.; Single-tenant retail property on 0.74 acres with 18 parking spaces and a 3-lane drive-thru.; Located on busy Holland Rd in Virginia Beach, VA, near Naval Air Station Oceana.
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    969 Chimney Hill Pkwy Virginia Beach, VA 23462
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    969 Chimney Hill Pkwy Virginia Beach, VA 23462
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