549 Progress Ln Virginia Beach, VA 23454
This exceptional 18,726 square foot industrial flex condominium property presents a unique investment opportunity in Virginia Beach, VA. Located at 549 Progress Ln, 23454, this four-unit building sits on a generous 3.56-acre lot, zoned I-1. Currently, one 3,726 square foot unit is available for lease, offering immediate occupancy potential. The property's flexible design caters to a variety of industrial and commercial uses, making it an ideal choice for businesses seeking versatile space. The substantial lot size provides ample room for expansion or future development, enhancing the long-term value proposition. The property's strategic location in the vibrant Lynnhaven area offers easy access to major transportation arteries, ensuring seamless logistics and convenient commutes for employees and clients. This is a rare chance to acquire a well-maintained, multi-unit industrial flex property in a prime Virginia Beach location. The property's size and zoning provide significant flexibility for a range of business needs. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed property information and specifications are available upon request.
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Team Discover Courage Association / Organization
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The David Group, Inc. Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
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.