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Investment Highlights
- Prime signalized corner location with dual curb cuts
- Zoned OR (STR-OR) with flexible commercial use potential
- Strong demographics with $92K median household income
- Recently upgraded with new lighting, paint, and parking lot improvements
- Surrounded by high-density residential and hospitality developments
Executive Summary
Positioned in the heart of Virginia Beach’s vibrant Artery District, 3000 Baltic Avenue presents a rare opportunity to acquire a highly visible, oceanfront commercial asset. This 2,550-square-foot freestanding building sits on a 0.31-acre signalized corner lot, offering exceptional access and exposure with dual curb cuts and traffic counts exceeding 14,000 vehicles per day across Baltic Avenue and 30th Street.
With the existing print shop relocating, the property is zoned OR (STR-OR), allowing for a variety of commercial uses. Recent capital improvements include a freshly painted exterior, new gutters, seal-coated and striped parking lot, upgraded T-5 interior lighting, and 220-amp, 3-phase electrical service—making it move-in ready for owner-users or investors seeking a turnkey asset.
Surrounded by a dynamic mix of residential, hospitality, and retail developments—including Hilton Vacation Club, Pacific Place Shoppes, and Old Beach Village Condominiums—the site benefits from strong foot traffic and a built-in customer base. With 20 dedicated parking spaces and proximity to the oceanfront, this location is ideal for boutique retail, medical, creative office, or service-oriented businesses.
The property is situated within a 5-mile radius that boasts a population of over 74,000, a median household income of $92,474, and a highly educated workforce, with 50% holding a bachelor’s or graduate degree. This demographic strength, combined with the property's strategic location and recent upgrades, makes 3000 Baltic Avenue a compelling investment in one of Virginia Beach’s most desirable commercial corridors.
With the existing print shop relocating, the property is zoned OR (STR-OR), allowing for a variety of commercial uses. Recent capital improvements include a freshly painted exterior, new gutters, seal-coated and striped parking lot, upgraded T-5 interior lighting, and 220-amp, 3-phase electrical service—making it move-in ready for owner-users or investors seeking a turnkey asset.
Surrounded by a dynamic mix of residential, hospitality, and retail developments—including Hilton Vacation Club, Pacific Place Shoppes, and Old Beach Village Condominiums—the site benefits from strong foot traffic and a built-in customer base. With 20 dedicated parking spaces and proximity to the oceanfront, this location is ideal for boutique retail, medical, creative office, or service-oriented businesses.
The property is situated within a 5-mile radius that boasts a population of over 74,000, a median household income of $92,474, and a highly educated workforce, with 50% holding a bachelor’s or graduate degree. This demographic strength, combined with the property's strategic location and recent upgrades, makes 3000 Baltic Avenue a compelling investment in one of Virginia Beach’s most desirable commercial corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,550 SF
Building Class
C
Year Built
1976
Price
$1,800,000
Price Per SF
$705.88
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.32 AC
Zoning
OR (STR-OR)
Parking
17 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2418-91-4518 | Improvements Assessment | $145,700 |
| Land Assessment | $571,300 | Total Assessment | $717,000 |
Property Taxes
Parcel Number
2418-91-4518
Land Assessment
$571,300
Improvements Assessment
$145,700
Total Assessment
$717,000
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