1808 Salem Rd Virginia Beach, VA 23456
For Sale
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This exceptional Class A, 14,364-square-foot freestanding retail building presents a unique investment opportunity in Virginia Beach, VA. Situated on a 2.95-acre lot at the signalized intersection of Salem Road and Independence Boulevard, this single-tenant property boasts a prominent location within the densely populated Salem/Lynnhaven area. The building features a convenient drive-thru, enhancing its appeal to a wide range of potential tenants. Its strategic placement offers excellent visibility and accessibility, complemented by monument signage. The property benefits from high traffic counts, exceeding 16,500 vehicles per day on S. Independence Boulevard and 15,608 vehicles per day on Salem Road. Nearby key establishments include a Walmart Supercenter, Home Depot, and the Tidewater Community College campus on Princess Anne Road, ensuring a strong customer base and high foot traffic. The entire building is currently vacant, providing a blank canvas for a new tenant or a chance to lease to multiple tenants. This property offers a compelling combination of size, location, and visibility, making it an ideal investment for discerning buyers seeking a high-impact retail presence in a thriving market. The property's address is 1808 Salem Rd, Virginia Beach, VA 23456.
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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.
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.