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    1861 Kempsville Rd Virginia Beach, VA 23464

    Sponsored
    For Sale
    $2,800,000

    1.98 Acres, B-2 Zoning, $2.8M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.98-acre commercial land parcel presents a unique investment opportunity in the thriving Virginia Beach market. Strategically located at the highly visible corner of Centerville Turnpike and Kempsville Road, this property boasts an ideal location for a wide range of commercial ventures. The parcel is designated B-2 zoning, opening doors to diverse development possibilities. With its substantial size and prime location, this land offers significant potential for high returns. The asking price is $2,800,000. The address is 1861 Kempsville Road, Virginia Beach, VA 23464. This property is situated in Virginia Beach City and County, Virginia. Its geographic coordinates are latitude 36.7828946 and longitude -76.1926092. The property's size provides ample space for substantial development projects, catering to various business needs. Given its prominent corner location, the property benefits from high visibility and accessibility, ensuring maximum exposure for any future development. The B-2 zoning classification allows for a variety of commercial uses, making it an attractive option for investors seeking flexibility and diverse development potential. This is a rare opportunity to acquire a significant commercial land parcel in a prime location within a dynamic and growing market. Don't miss this chance to secure a valuable asset with exceptional growth potential.

    Property Features for 1861 Kempsville Rd

    General Information

    Property type
    Land
    Lot Size
    86,249 SF

    HighLights

    • High‑profile corner lot at Centerville Turnpike & Kempsville Road, Virginia Beach.
    • 1.98‑acre parcel.
    • B‑2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    HRICF Religious Organization Something Good Radio Non-Profit Organization

    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
    State
    Virginia
    Longitude
    -76.1926092
    Latitude
    36.7828946

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    FAQs

    What type of property is this?
    Land - 1.98 Acres, B-2 Zoning, $2.8M
    Where is this land located?
    The property is located at 1861 Kempsville Rd Virginia Beach, VA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: High-profile corner lot at Centerville Turnpike & Kempsville Road, Virginia Beach.; 1.98-acre parcel.; B-2 zoning.
    Request Owner's contact information
    1861 Kempsville Rd Virginia Beach, VA 23464
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    Virginia Beach, VA 23464
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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
    1861 Kempsville Rd Virginia Beach, VA 23464
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