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Property summary
This exceptional commercial land parcel, located at 1129 Virginia Beach Boulevard in Virginia Beach, VA 23451, presents a unique investment opportunity. The property is designated as single-tenant land, ideal for a variety of commercial ventures. Its strategic location offers excellent visibility and accessibility, situated near the oceanfront in a vibrant and growing area of Virginia Beach. The property's address is easily identifiable and accessible from a major thoroughfare. The site is ready for development, providing a blank canvas for a new commercial building or expansion. With a potential annual income of $40,000, this land offers a strong return on investment. The property's latitude and longitude coordinates are 36.8415061 and -75.9982745 respectively. This is a rare chance to acquire a prime commercial site in a highly desirable location, offering significant potential for growth and profitability. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is classified as commercial land for single-tenant occupancy. Further details are available upon request.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of the B-2 Community Business District is to provide land needed for community wide business establishments. This district is intended for general application in the city. It is intended that, by the creation…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
B2 · Virginia Beach, VAThe purpose of the B-2 Community Business District is to provide land needed for community wide business establishments. This district is intended for general application in the city. It is intended that, by the creation…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of the B-2 Community Business District is to provide land needed for community wide business establishments. This district is intended for general application in the city. It is intended that, by the creation…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B2 in Virginia Beach, VA.
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