Listing Agency: Colliers | Norfolk Show Phone

Listed By: Kevin OKeefe · License #0225054935

Source: Moodyscre

Added: Nov 24, 2023 Changed: Jul 10 Last Checked: Jul 21 at 7:01AM

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Investment Insights

Based on property information with market context.

This property is located in the Hilltop submarket, situated in front of a new Aldi on First Colonial Road. It benefits from superior visibility and is located in close proximity to an abundance of retail establishments and desirable residential neighborhoods. Surrounding anchor retailers include Whole Foods, Bank of America, Total Wine, and Michael’s. The parcel zoning must be amended to allow for outparcel building. The property features signalized access on First Colonial Road and shared parking capability. Traffic counts on First Colonial Road are 36,000 AADT.

Key Highlights

• Superior visibility on First Colonial Road.
• Located in front of new Aldi in the Hilltop submarket.
• Close proximity to desirable residential neighborhoods.

Property Analytics

Property Profile

Current Use

ALDI Specialty Food Shop

Suggested Use

Top Pick Parking Lot & Garage Law Firm Electrical Service Daycare Center (Bike/Boat/Book/etc) Store Plumbing Service

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

1,669

Businesses Nearby

Explore this area Business Placement

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Land - Land parcel with high visibility near retail and residential areas.

Where is this land located?

The property is located at 929 First Colonial Rd Virginia Beach, VA.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Superior visibility on First Colonial Road.; Located in front of new Aldi in the Hilltop submarket.; Close proximity to desirable residential neighborhoods.