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    1096 Virginia Beach Blvd Virginia Beach, VA 23451

    For Lease
    $125,000

    Prime Retail Land, Three Spaces Available

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial property, located at 1096 Virginia Beach Blvd, Virginia Beach, VA 23451, presents a rare opportunity for retail development. The site boasts a total of approximately 1.87 acres of land zoned OR (Oceanfront Resort), offering significant potential for a variety of uses. The property is divided into three parcels: approximately 0.98 acres at 1110 & 1100 Virginia Beach Blvd and approximately 1.364 acres at 1101 Virginia Beach Blvd. This prime corner location benefits from a signalized intersection, ensuring high visibility and accessibility for businesses. Its strategic location is just 1.2 miles from the Virginia Beach oceanfront, providing convenient access to a large tourist and residential population. The property's zoning allows for diverse commercial development, making it ideal for retail stores, restaurants, fast-food establishments, or office spaces. The land is available for lease at a rate of $125,000 per acre per year. This is a unique chance to establish a thriving business in a high-traffic, desirable area of Virginia Beach. The total building square footage is currently listed as 1 square foot, indicating the land is primarily for development. Serious inquiries are encouraged.

    Property Features for 1096 Virginia Beach Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF
    Total Rate
    125000

    Unit(s) available at that property

    Space
    1096 Virginia Beach
    Size
    47,480 SF
    Rate per SF
    $125,000
    Space
    1110 & 1100
    Size
    42,689 SF
    Rate per SF
    $125,000
    Space
    1101
    Size
    27,878 SF
    Rate per SF
    $125,000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -75.9957392
    Latitude
    36.8420755

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, Three Spaces Available
    Where is this land located?
    The property is located at 1096 Virginia Beach Blvd Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $125,000.
    Request Owner's contact information
    1096 Virginia Beach Blvd Virginia Beach, VA 23451
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    Virginia Beach, VA 23451
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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
    1096 Virginia Beach Blvd Virginia Beach, VA 23451
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