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    449-465 Independence Blvd Virginia Beach, VA 23462

    Sponsored
    For Sale
    $1,300,000

    1.08-acre B2 zoned lot near Town Center.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.08-acre parcel, located at 449-465 South Independence Boulevard in Virginia Beach, VA 23462, presents a compelling investment opportunity. Boasting a highly desirable B2 zoning classification, this property offers significant development potential. Its strategic location provides excellent visibility and accessibility along South Independence Boulevard, a major thoroughfare with over 70,000 vehicles passing daily. The site's proximity to the Virginia Beach Town Center further enhances its appeal, placing it within a vibrant commercial hub. Less than a quarter-mile from I-264, this land benefits from exceptional connectivity to regional transportation networks. The surrounding area demonstrates impressive demographics, featuring a high population density, strong average household income, and a substantial number of households within a five-mile radius. This combination of prime location, favorable zoning, and robust market conditions makes this 1.08-acre lot an ideal platform for a variety of commercial ventures. The asking price for this exceptional property is $1,300,000. Don't miss this chance to acquire a highly sought-after commercial land asset in a thriving Virginia Beach location.

    Property Features for 449-465 Independence Blvd

    General Information

    Property type
    Land
    Lot Size
    47,045 SF

    HighLights

    • 1.08‑acre lot with high visibility and convenient access on South Independence Boulevard, opposite Mount Trashmore, boasting over 70,000 vehicles per day. Less than 0.25 miles to I‑264.
    • Strong demographics within a 5‑mile radius, featuring high population density, average household income, and household count.
    • B2 Zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency 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
    -76.133687
    Latitude
    36.827517

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    FAQs

    What type of property is this?
    Land - 1.08-acre B2 zoned lot near Town Center.
    Where is this land located?
    The property is located at 449-465 Independence Blvd Virginia Beach, VA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 1.08-acre lot with high visibility and convenient access on South Independence Boulevard, opposite Mount Trashmore, boasting over 70,000 vehicles per day. Less than 0.25 miles to I-264.; Strong demographics within a 5-mile radius, featuring high population density, average household income, and household count.; B2 Zoning.
    (757) 222-0111
    Request Owner's contact information
    449-465 Independence Blvd 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
    449-465 Independence Blvd Virginia Beach, VA 23462
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