449-465 Independence Blvd, Virginia Beach, VA 23462
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.