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555 S Independence Blvd
Virginia Beach, VA 23452

Office Property For Sale

Investment Highlights

  • Opportunity to own and occupy a Class A, 61,528-square-foot building with $1 million in renovations made in 2020, located in Virginia Beach.
  • Strategically among the ongoing mixed-use project spanning 17 pedestrian-friendly blocks featuring a mix of upscale retail, dining & luxury residence.
  • Surrounded by attractively landscaped grounds with a lake and abundant green space while located minutes from Interstates 264 and 64.
  • Ideal headquarters location with excellent visibility along a heavily trafficked corridor with building and monument signage opportunities.

Executive Summary

555 S Independence Boulevard offers the opportunity to own and occupy a premier office building in the vibrant Virginia Beach Town Center submarket. This three-story, 61,528-square-foot building boasts high-quality interior and exterior finishes with one million dollars in renovations made in 2020.

Nestled in a park-like setting, 555 S Independence Boulevard is surrounded by attractively landscaped grounds with a lake and abundant green space. The Class A office provides excellent visibility in a high-traffic corridor with building and monument signage opportunities, making for an ideal headquarters location.

Prominently located in Virginia Beach Town Center, 555 S Independence Boulevard sits among the ongoing, mixed-use project spanning 17 pedestrian-friendly blocks featuring a mix of upscale retail, dining, Class A office space, luxury residences, and venues. This emerging downtown core is easily accessible to Interstate 264, Interstate 64, and two international airports for convenient out-of-town travel.

Virginia Beach is a large city of nearly half a million people, perched on the Atlantic coast between Chesapeake Bay and the North Carolina state line, and a popular home base with a thriving local economy and strong labor pool. 555 S Independence Boulevard is primed to offer an ideal investment opportunity in a centralized and strategic East Coast location.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
61,521 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2013
Price
$9,750,000
Price Per SF
$158
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
20,507 SF
Slab To Slab
13’
Building FAR
0.42
Lot Size
3.39 AC
Zoning
O1 - Office Use
Parking
226 Spaces (3.67 Spaces per 1,000 SF Leased)

Amenities

  • Kitchen
  • Food Service
  • Reception
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1476-78-0091
Land Assessment
$1,707,700
Improvements Assessment
$8,313,300
Total Assessment
$10,021,000
  • Listing ID: 27768914

  • Date on Market: 2/16/2023

  • Last Updated:

  • Address: 555 S Independence Blvd, Virginia Beach, VA 23452

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