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Princess Anne Rd

15.21 Acres of Commercial Land Offered at $4,250,000 in Virginia Beach, VA 23456

Commercial Land Virginia Virginia Beach Princess Anne Rd, Virginia Beach, VA 23456

Investment Highlights

  • City to support rezoning consistent with Comprehensive Plan (mixed use).
  • Dense, affluent residential population with an average household income of $133,688.
  • Retail Submarket Vacancy of 2.2%.
  • Signalized intersection with multiple points of ingress/egress - two median breaks.

Executive Summary

The subject property is 15.208 acres, of which 6.29 acres are upland. Wetland credits can be purchased to create additional upland (See page 6). It is located within the Red Mill trade area of Virginia Beach, enjoys approximately 800’ of frontage on Princess Anne Road, and is located at a signalized intersection shared by Home Depot and Target.

Attachments

Marketing Brochure/Flyer

Property Facts

Price $4,250,000 Property Subtype Commercial
Sale Type Investment Proposed Use
Commercial
  • Retail
  • Convenience Store
  • Drugstore
  • Fast Food
  • General Freestanding
  • Hold For Development
  • Hold For Investment
  • Single Family Development
  • Storefront
  • Storefront, Retail or Office
No. Lots 1 Total Lot Size 15.21 AC
Property Type Land Cross Streets Elson Green
Price $4,250,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Convenience Store
  • Drugstore
  • Fast Food
  • General Freestanding
  • Hold For Development
  • Hold For Investment
  • Single Family Development
  • Storefront
  • Storefront, Retail or Office
Total Lot Size 15.21 AC
Cross Streets Elson Green

1 Lot Available

Lot

Price $4,250,000 Lot Size 15.21 AC
Price Per AC $279,421
Price $4,250,000
Price Per AC $279,421
Lot Size 15.21 AC
1 of 1

PROPERTY TAXES

Parcel Number 2414-14-1532 Improvements Assessment $0
Land Assessment $241,400 Total Assessment $241,400

PROPERTY TAXES

Parcel Number
2414-14-1532
Land Assessment
$241,400
Improvements Assessment
$0
Total Assessment
$241,400

zoning

Zoning Code AG1 (Agricultural)
AG1 (Agricultural)
(757) 434-3176

Contacts

  • Listing ID: 32617436

  • Date on Market: 7/29/2024

  • Last Updated:

  • Address: Princess Anne Rd, Virginia Beach, VA 23456

More public record information on Princess Anne Rd, Virginia Beach, VA 23456

The Land Property at Princess Anne Rd, Virginia Beach, VA 23456 is currently available for sale. Contact S.L. Nusbaum Realty Co. for more information.

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Princess Anne Rd, Virginia Beach, VA for sale Building Photo- Image 1 of 2
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Princess Anne Rd
(757) 434-3176 x

Princess Anne Rd

1/2

Chris Devine

(757) 434-3176

(757) 434-3176

Christopher Zarpas

(757) 237-7500

(757) 237-7500

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