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    818 Newtown Rd Virginia Beach, VA 23462

    Sponsored
    For Sale
    $95,000

    Prime 0.19-acre commercial lot in Virginia Beach.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.19-acre commercial land parcel is ideally situated in Virginia Beach, VA, at 818 Newtown Rd, zip code 23462. Its prime location offers unparalleled accessibility, boasting proximity to the major thoroughfares of I-264 and I-464, ensuring convenient transportation for businesses and employees. The property is designated as commercial land, presenting a unique opportunity for various development projects. The asking price for this strategically positioned lot is $95,000. This represents a compelling investment opportunity given its location and potential for future growth. The property's size, at 0.19 acres, provides a manageable scale for a range of commercial ventures. Further enhancing its appeal is a relatively low condo fee of $67.33. This cost-effective aspect contributes to the overall attractiveness of this investment. Serious inquiries are encouraged to explore the possibilities this exceptional Virginia Beach property offers. The property's coordinates are 36.8638953 latitude and -76.1686256 longitude. This information is provided for precise location identification and planning purposes. Don't miss this chance to acquire a valuable piece of commercial real estate in a thriving Virginia Beach location.

    Property Features for 818 Newtown Rd

    General Information

    Property type
    Land
    Lot Size
    8,276 SF

    HighLights

    • Condo fee: $67.33 per month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alison Barclift, SLP Speech Pathologist Dianne D. Epplein ... Physical Therapist April Johnson Occupational Therapist Tammy R. Seymour, ... Occupational Therapist Mc Atee Katherine ... Speech Pathologist

    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
    -76.1686256
    Latitude
    36.8638953

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    FAQs

    What type of property is this?
    Land - Prime 0.19-acre commercial lot in Virginia Beach.
    Where is this land located?
    The property is located at 818 Newtown Rd Virginia Beach, VA.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Condo fee: $67.33 per month.; ;
    (757) 640-9290
    Request Owner's contact information
    818 Newtown Rd Virginia Beach, VA 23462
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    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
    818 Newtown Rd Virginia Beach, VA 23462
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