1124 Lynnhaven Pky
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1124 Lynnhaven Pky
12,901 SF Retail Building Virginia Beach, VA 23452 $2,950,000 ($229/SF) 7.40% Cap Rate
Investment Highlights
- Features Ample Parking with an Updated Exterior and Parking Lot.
- Contact Bill Brackman at (757) 523-1900 for further information.
Executive Summary
This 12,498 square foot Retail Medical Office Building opportunity sits on a 2.8 acre site. Enjoy a monthly net income of $19,315 being that is property is lease though Mid 2025. This property offers a competitive location with Monument Signage right along Lynnhaven parkway.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
12,901 SF
Building Class
C
Year Built
1993
Price
$2,950,000
Price Per SF
$229
Cap Rate
7.40%
NOI
$218,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.80 AC
Zoning
B2
Parking
79 Spaces (6.96 Spaces per 1,000 SF Leased)
Frontage
297 FT on Lynnhaven
Amenities
- Bus Line
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 1496-00-3597 | Improvements Assessment | $1,287,300 |
Land Assessment | $1,522,400 | Total Assessment | $2,809,700 |
PROPERTY TAXES
Parcel Number
1496-00-3597
Land Assessment
$1,522,400
Improvements Assessment
$1,287,300
Total Assessment
$2,809,700
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1124 Lynnhaven Pky
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