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Property profile & analytics
OFF-MARKET
Banks

969 Chimney Hill Pkwy Virginia Beach, VA 23462

2,543 SF 0.74 ac lot Built 1982
Entity Owned 3-yr Hold
Property ID
US87-3581169
Property summary
AI-generated overview

This exceptional 2,543 square foot former bank branch, situated on a 0.74-acre lot in Virginia Beach, VA, presents a unique opportunity for lease or build-to-suit. Located on busy Holland Road (34,000 VPD), this single-tenant property boasts high visibility and accessibility, enhanced by its non-signalized outparcel location within Chimney Hill Center, a 207,000 square foot retail center anchored by Crunch Fitness and Roses. The property features a three-lane drive-thru, 18 parking spaces, and excellent ingress/egress with three curb cuts. Its B-2 zoning allows for diverse uses, including retail, restaurants, medical, and financial institutions. The building, constructed in 1982, is a one-story Class B structure. Proximity to major employers like Naval Air Station Oceana and numerous national retailers (Wendy's, McDonald's, BP, Firestone) further enhances its appeal. Property taxes are $3.72 per square foot. The address is 969 Chimney Hill Pkwy, with a cross street of Holland Rd, and the APN is 14865426900000. This is an ideal location for businesses seeking high traffic counts, strong visibility, and convenient access in a thriving commercial area. The property's existing infrastructure, including the drive-thru, offers significant advantages for a variety of potential tenants. Don't miss this chance to secure a prime location in a high-demand area.

Property profile
Verified
Property type Banks
Year built 1982
Total area 2,543 SF
Lot 0.74 ac (32,234 SF)
UPID US87-3581169
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
  • Truist Financial Advisor
  • BB&T Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
First Virginia Bank · 3 yrs held
First Virginia Bank
since 2022
1 recorded transaction
2022
$970,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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