2058 Independence Blvd Virginia Beach, VA 23453-4747
This exceptional 59,643-square-foot vacant grocery store is available for sale. Located at 2058 S Independence Blvd in Virginia Beach, VA 23453, this single-story building sits on a 6.33-acre lot and is zoned PDH1. The property is part of the Princess Anne Crossing Shopping Center, strategically positioned at the signalized intersection of Princess Anne Road and S. Independence Boulevard. This high-visibility location benefits from its proximity to a Target store and the new Spence Crossing development, ensuring significant foot traffic and accessibility. The building offers substantial space ideal for a variety of retail uses, given its previous function as a grocery store. The large lot size provides ample parking and potential for expansion or future development. This presents a unique opportunity for investors and entrepreneurs seeking a prominent retail space in a thriving Virginia Beach commercial area. The property is offered for sale by owner, providing a direct and streamlined transaction process. Serious inquiries are encouraged to explore this exceptional investment opportunity.
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higi Physician
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.