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1808 Salem Rd
Virginia Beach, VA 23456
Retail Property For Sale


EXECUTIVE SUMMARY
• ±14,364 SF freestanding retail building with drive-thru along signalized intersection of Salem Road & S. Independence Boulevard!
• Located on 2.95 AC in the densely populated Salem/Lynnhaven area of Virginia Beach
• Close proximity to Walmart Supercenter, Home Depot and Tidewater Community College Campus on Princess Anne Road
• Traffic counts over ±16,500 along S. Independence Blvd. & 15,608 VPD along Salem Road
• Monument signage with excellent visibility
• Strong demographics!
• Located on 2.95 AC in the densely populated Salem/Lynnhaven area of Virginia Beach
• Close proximity to Walmart Supercenter, Home Depot and Tidewater Community College Campus on Princess Anne Road
• Traffic counts over ±16,500 along S. Independence Blvd. & 15,608 VPD along Salem Road
• Monument signage with excellent visibility
• Strong demographics!
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
14,364 SF
Building Class
C
Year Built
2004
Price
$3,000,000
Price Per SF
$208.86
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
2.96 AC
Zoning
B2
Parking
58 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 1475-92-4954 | Improvements Assessment | $2,621,600 |
| Land Assessment | $1,720,300 | Total Assessment | $4,341,900 |
PROPERTY TAXES
Parcel Number
1475-92-4954
Land Assessment
$1,720,300
Improvements Assessment
$2,621,600
Total Assessment
$4,341,900
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