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Property profile & analytics

840 Military Hwy Virginia Beach, VA 23464

  • Retail space
  • 13,195 SF
  • 3.26 lot acres
Value Estimation
Last Sale
Feb 19, 2020
Location Intelligence
Property ID
US87-0272813
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Rite Aid Pharmacy / Pharmacy
  • Rite Aid / Drug Store / Beauty Supply Store
  • Western Union / Money Transfer Service
  • Coinhub Bitcoin ATM Teller / Atm
  • Rite Aid Photo / Photo Lab

Property Details for 840 Military Hwy

Year built
2000
Construction
TYPE NOT SPECIFIED
Lot size
3.26 lot acres
Property size
13,195 SF
Zone code
B2
Property type
Retail space
APN
14562534220000
APU
14562534220000

Description

This exceptional 13,240 square foot freestanding retail building is available for lease in Virginia Beach, Virginia. Located at 840 S Military Hwy, this single-tenant property sits on a 3.2-acre lot and boasts a prime location at the signalized intersection of heavily trafficked Indian River Road (31,200 vehicles per day) and S Military Hwy (56,600 vehicles per day). Built in 2000, the building is zoned B-2: Community Business District, offering significant potential for a variety of retail uses. The property features a convenient drive-thru, a highly desirable amenity for many businesses. Its strategic location less than two miles from the I-64 & I-264 interchange ensures excellent regional accessibility, drawing customers from Virginia Beach, Norfolk, and Chesapeake. The entire 13,240 square feet is currently vacant, presenting a unique opportunity for a business seeking a prominent and highly visible location in a thriving commercial area of Virginia Beach County. The property's size and location make it ideal for a variety of retail concepts. This is a rare opportunity to secure a high-traffic, well-located retail space in a densely populated area.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Virginia Beach
County
Virginia Beach City
State
Virginia
Longitude
-76.2128
Latitude
36.8182
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$39,848
$2,455,700
$1,569,300
$4,025,000
-
$2,455,700
$1,569,300
$4,025,000
More about this property
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