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614 First Colonial Rd

4.27 Acres of Commercial Land Offered at $8,000,000 in Virginia Beach, VA 23451

Commercial Land Virginia Virginia Beach 614 First Colonial Rd, Virginia Beach, VA 23451

Investment Highlights

  • Site is situated in an Opportunity Zone and municipal strategic growth area.
  • Can be purchased together or separately.
  • Redevelopment incentives are available.
  • Parcels Located at the Laskin Road and First Colonial Road Intersection - 38,238 VPD.

Executive Summary

Redevelopment incentives are available.

Attachments

614 First Colonial Road Flyer

Property Facts

Price $8,000,000 Property Subtype Commercial
Sale Type Investment Proposed Use
Commercial
  • Retail
Sale Conditions Redevelopment Project Total Lot Size 4.27 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Price $8,000,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
Total Lot Size 4.27 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price $8,000,000 Lot Size 4.27 AC
Price Per AC $1,873,536
Price $8,000,000
Price Per AC $1,873,536
Lot Size 4.27 AC

Can be purchased together or separately.

Description

This prime retail site features 4.27 acres of land that may be redeveloped and .6 acres that is currently leased to Rite Aid. The parcel is located in between Walmart SuperCenter, Target, Whole Foods, and Trader Joe's. The site is situated in an Opportunity Zone and municipal strategic growth area. Located in the highest income demographic in Hampton roads, this parcel has great frontage on Laskin Rd and First Colonial Rd and offers redevelopment incentives.

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614 First Colonial Rd, Virginia Beach, VA - aerial map view - Image1
614 First Colonial Rd, Virginia Beach, VA - aerial map view - Image2
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
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PROPERTY TAXES

Parcel Number 2407-88-2294 Improvements Assessment $2,348,400
Land Assessment $1,166,600 Total Assessment $3,515,000

PROPERTY TAXES

Parcel Number
2407-88-2294
Land Assessment
$1,166,600
Improvements Assessment
$2,348,400
Total Assessment
$3,515,000

zoning

Zoning Code B-2
B-2
(757) 640-8700

Contacts

  • Listing ID: 15692195

  • Date on Market: 4/10/2019

  • Last Updated:

  • Address: 614 First Colonial Rd, Virginia Beach, VA 23451

More public record information on 614 First Colonial Rd, Virginia Beach, VA 23451

The Land Property at 614 First Colonial Rd, Virginia Beach, VA 23451 is currently available for sale. Contact Harvey Lindsay Commercial Real Estate for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

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614 First Colonial Rd, Virginia Beach, VA for sale Building Photo- Image 1 of 5
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614 First Colonial Rd
(757) 640-8700 x

614 First Colonial Rd

1/3

Robert Beasley

(757) 640-8700

(757) 640-8700

Bobby Beasley III

(757) 434-4637

(757) 434-4637

Andy Stein

(757) 692-1921

(757) 692-1921

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