First Colonial Medical Center 1120 First Colonial Rd 22,290 SF Office Building Virginia Beach, VA 23454 $4,000,000 ($179.45/SF)
INVESTMENT HIGHLIGHTS
- Close proximity to Sentara Virginia Beach General Hospital
- Highly convenient for patients seeking medical services
- Enhanced visibility and accessibility
EXECUTIVE SUMMARY
This medical office building is strategically situated at 1120 First Colonial Road, Virginia Beach, VA. Its close proximity to Sentara Virginia Beach General Hospital positions it as a prime choice for healthcare providers, making it highly convenient for patients seeking medical services in the area. With First Colonial Road being a major medical corridor, the property enjoys enhanced visibility and accessibility, facilitating easy navigation for both healthcare professionals and visitors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
22,290 SF
Building Class
C
Year Built
1970
Price
$4,000,000
Price Per SF
$179.45
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,665 SF
Slab To Slab
11’
Building FAR
0.23
Lot Size
2.19 AC
Zoning
O2 - Office park district zoning
Parking
129 Spaces (5.79 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 2nd Floor
- 1,267 SF
- Office
- Partial Build-Out
- Now
Former Urologist's Office.
- 2nd Fl-Ste 203
- 1,178-2,919 SF
- Office/Medical
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,267 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 200 | 1,741 SF | Medical | Partial Build-Out | Now |
| 2nd Fl-Ste 203 | 1,178-2,919 SF | Office/Medical | Partial Build-Out | Now |
2nd Floor
| Size |
| 1,267 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 1,741 SF |
| Space Use |
| Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 203
| Size |
| 1,178-2,919 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 2408-54-7489 | Improvements Assessment | $1,365,400 |
| Land Assessment | $1,626,600 | Total Assessment | $2,992,000 |
