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Property profile & analytics
OFF-MARKET Estimated value $5,900,000
Grocery and convenience stores

2058 Independence Blvd Virginia Beach, VA 23453-4747

59,643 SF 6.33 ac lot Built 1999
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US87-0992148
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1999
Construction TYPE NOT SPECIFIED
Total area 59,643 SF
Lot 6.33 ac (275,736 SF)
Zoning code B2
APN 14853526500000
UPID US87-0992148
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
  • higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.90M
Owner & transaction history
Noor Amusement LLC · 1 yrs held
Noor Amusement LLC
since 2025
5 recorded transactions
2025
Price N/A
2025
Price N/A
2025
$6.0M
2021
$4.1M
2015
Price N/A
Zoning & alternative use
B2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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