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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

Lidl
Food Lion
Jazzercise
Walmart Neighborhood Market
ALDI
Dollar Bank
Red Lobster
Waffle House
Rent-A-Center
Truist

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1496-00-3597
Land Assessment
$1,522,400
Improvements Assessment
$1,287,300
Total Assessment
$2,809,700
  • Listing ID: 23836767

  • Date on Market: 8/4/2021

  • Last Updated:

  • Address: 1124 Lynnhaven Pky, Virginia Beach, VA 23452

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