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    1066 Independence Blvd Virginia Beach, VA 23455

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    1066 Independence Blvd Virginia Beach, VA 23455


    • Drive through restaurants
    • 3,398 SF
    • 1.58 lot acres
    Freestanding Restaurant with Drive-Thru For Lease
    $580,000
    2,930 SF

    Freestanding Restaurant with Drive-Thru

    2,930 SF restaurant with drive-thru, outparcel to Lidl.

    1066 Independence Blvd, Virginia Beach, VA
    View Listing
    Property ID
    US87-0796007
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $580,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wendy's / Restaurant / Take-out & Catering

    Property Details for 1066 Independence Blvd

    Year built
    2013
    Construction
    FRAME
    Lot size
    1.58 lot acres
    Property size
    3,398 SF
    Zone code
    B2
    Property type
    Drive through restaurants
    APN
    14784695560000
    APU
    14784695560000

    Description

    This exceptional 2,930-square-foot freestanding restaurant building presents a unique opportunity in Virginia Beach, VA. Situated on a 1.64-acre lot at 1066 Independence Boulevard, this property boasts 174 feet of frontage on this heavily trafficked thoroughfare, ensuring high visibility and accessibility for your business. Built in 2013, the building is currently vacant and ready for immediate occupancy. The property's B2 zoning allows for a variety of commercial uses, making it ideal for a restaurant or other retail establishment. The single-tenant structure offers ample space for a full-service restaurant or a similar business requiring significant square footage. The location within Virginia Beach, specifically in the 23455 zip code, provides access to a robust customer base. This is a rare chance to acquire a well-located, sizable commercial property with significant street presence in a thriving area. The property's size and location make it an attractive investment for entrepreneurs seeking a high-impact commercial space. The building's 2013 construction ensures modern amenities and efficient operation. The ample lot size provides ample parking and potential for future expansion. This is a turnkey opportunity for a discerning business owner.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $435,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $722,000
      Market price range: $275k - $764k

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.1338
    Latitude
    36.8746
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,926
    $1,153,000
    $758,700
    $1,911,700
    -
    $1,153,000
    $758,700
    $1,911,700
    View Listing
    More about this property
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