621 Nevan Rd Virginia Beach, VA 23451
- Retail properties
- 8,576 SF
Current Use by Public Records
- John C Lumpkin PC / Attorney
Property Details for 621 Nevan Rd
- Property size
- 8,576 SF
- Property type
- Retail properties
- Property subtype
- Banks
Description
This exceptional 8,576 square foot retail space, formerly a bank branch, presents a unique investment opportunity in the desirable Hilltop area of Virginia Beach, VA. The property boasts a two-story building situated on a ground lease with an extension option available until June 2038, providing long-term stability for the buyer. The building's substantial size offers ample space for a variety of retail uses, allowing for creative adaptation to suit diverse business needs. Its prominent location within the Hilltop area ensures high visibility and accessibility, attracting significant foot traffic and potential customers. The address is 621 Nevan Rd, Virginia Beach, VA 23451. The property's single-building structure simplifies management and maintenance, minimizing operational complexities. This is an excellent chance to acquire a well-positioned retail property in a thriving Virginia Beach neighborhood, offering both immediate occupancy and long-term growth potential. The property's existing infrastructure, previously utilized as a bank branch, may offer significant cost savings in build-out and renovation. Serious inquiries are encouraged to explore this compelling investment opportunity further. The geographic coordinates are 36.8498315 latitude and -76.0207388 longitude.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach City
- State
- Virginia
- Longitude
- -76.0207
- Latitude
- 36.8498
