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Property profile & analytics
FOR LEASE
Drive through restaurants

1066 Independence Blvd Virginia Beach, VA 23455

3,398 SF 1.58 ac lot Built 2013
Entity Owned Absentee Owner Free & Clear
Property ID
US87-0796007
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2013
Construction FRAME
Total area 3,398 SF
Lot 1.58 ac (68,825 SF)
Zoning code B2
APN 14784695560000
UPID US87-0796007
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wendy's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
$723k
Blend (final) Blend
$580k
Owner & transaction history
WISHART ASSOCIATES LLC
WISHART ASSOCIATES LLC
Zoning & alternative use
B2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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