722 Newtown Rd Virginia Beach, VA 23462
- Grocery and convenience stores
- 5,365 SF
- 1.91 lot acres
Current Use by Public Records
- Chinese Community Association of Hampton Roads (CCAHR) / Association / Organization / Insurance Agency
Property Details for 722 Newtown Rd
- Year built
- 1990
- Lot size
- 1.91 lot acres
- Property size
- 5,365 SF
- Property type
- Grocery and convenience stores
Description
This exceptional 5,365 square foot retail property, situated on a highly visible 1.91-acre lot at 722 Newtown Road in Virginia Beach, VA 23462, presents a remarkable investment opportunity. Boasting a convenient store configuration and permitted B-1 zoning, the property offers significant versatility. The building, constructed in 1990, is currently vacant and ready for immediate occupancy, with an available date of September 13, 2022. The asking price is $1,700,000, translating to $316.87 per square foot. This prime location benefits from exceptional visibility and high traffic volume, with a reported 38,020 vehicles passing daily on Newtown Road. The property includes a full kitchen with a hood system, adding to its potential uses. The expansive lot size provides ample space for potential expansion or outdoor amenities. This is an ideal opportunity for an investor seeking a high-traffic retail location with significant development potential in a densely populated area. The property's versatility and prime location make it an attractive investment for a variety of commercial ventures. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach City
- State
- Virginia
- Longitude
- -76.17172095
- Latitude
- 36.86296535
