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Property profile & analytics
FOR LEASE
Banks

2993 Shore Dr Virginia Beach, VA 23451

2,976 SF 0.57 ac lot Built 1979
Individually Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-3956836
Property summary
AI-generated overview

This exceptional 3,000 square foot retail space is ideally situated at 2993 Shore Drive in Virginia Beach, VA, zip code 23451. The property boasts a highly desirable location on Shore Drive (Route 60), a major thoroughfare providing direct access to the Virginia Beach Oceanfront and I-64, ensuring high visibility and substantial traffic flow. This free-standing building sits on a 0.6-acre lot and is zoned B-2, offering versatility for a range of retail uses. The strategic location benefits from a robust customer base drawn from commuters, tourists heading to the oceanfront, military personnel from nearby Fort Story and Little Creek Amphibious Base, and the thriving local residential community. The property features four drive-thru lanes and two points of access to the building itself, as well as two additional access points to the surrounding strip center, enhancing convenience and accessibility for customers. This presents a unique opportunity to establish a business in a high-traffic area known for its successful restaurants and strong retail environment. The property is currently vacant, providing immediate occupancy for a new tenant. This prime location offers unparalleled potential for growth and success within a vibrant and established commercial district.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1979
Construction TYPE NOT SPECIFIED
Total area 2,976 SF
Lot 0.57 ac (25,043 SF)
Zoning code B2
APN 14991959880000
UPID US87-3956836
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
  • BB&T Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
First States Invtrs 6000b · 19 yrs held
First States Invtrs 6000b
since 2007
3 recorded transactions
2007
$1.7M
2005
$1.2M
1969
Price N/A
Zoning & alternative use
B2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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