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5152 Princess Anne - 5152 Princess Anne Road

0.5 Acres of Commercial Land Offered at $950,000 in Virginia Beach, VA 23462

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Executive Summary

Purchaser shall make a one time contribution of $300,000 towards the infrastructure expenses

_THE SHOPPES AT KEMPS LANDING - PAD SITE - FOR SALE_LEASE

Property Facts

Price	$950,000	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Commercial
Sale Conditions	Ground Lease (Leasehold) Build to Suit Lease Option	Total Lot Size	0.50 AC
No. Lots	1

Price	$950,000
Sale Type	Investment or Owner User
Sale Conditions	Ground Lease (Leasehold) Build to Suit Lease Option
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	0.50 AC

1 Lot Available

Lot

Price	$950,000	Lot Size	0.50 AC
Price Per AC	$1,900,000

Price	$950,000
Price Per AC	$1,900,000
Lot Size	0.50 AC

Description

• Pad site for Sale or Lease! $950,000.00 (with a one-time contribution of $300,000.00 towards the infrastructure expenses) or ground lease for $125,000.00/annually with yearly escalations • Three (3) buildings featuring retail, office & restaurant uses! Current tenant’s include: Starbucks, Gran Patron Mexican Restaurant, I Heart Mac & Cheese, Yomi Japanese Hibachi & Sushi & Onward Physical Therapy! • Amazing demographics! High population, average HH income, number of households within a 1-5 mile radius! • Excellent visibility and access points along Witchduck Rd. & Princess Anne Rd. with traffic counts at 30,000 VPD at intersection. • Less than 1/4 mile to I-264

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Listing ID: 26619710
Date on Market: 9/13/2022
Last Updated:
Address: 5152 Princess Anne, Virginia Beach, VA 23462

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