1066 Independence Blvd Virginia Beach, VA 23455
For Lease
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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.
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Wendy's Restaurant Take-out & Catering
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Virginia Beach, VAVirginia Beach. Always verify with local authorities before improvements.
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.