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3150-3160 Magic Hollow Blvd 12,000 SF Office Building Virginia Beach, VA 23453 $1,800,000 ($150/SF)
Investment Highlights
- Easy access
- Centrally Located
- Natural light
Executive Summary
Purchase Price : $1,800,000, Owner occupant opportunity with 5,685 SF available for occupancy on 10/1/2026, Multi-tenant office / retail property with eight (8) rentable units ranging from 825 SF up to 2,860 SF, Fenced-in rear asphalt lot behind each rentable unit, Fenced-in open space yard on side of property, Adjacent parcel of land also included in the sale, Building size is 12,000 SF on 1.73 acres of land, New interior renovations completed in multiple suites of the last three years
Property Facts
Sale Type
Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
12,000 SF
Building Class
C
Year Built/Renovated
1974/2023
Price
$1,800,000
Price Per SF
$150
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,000 SF
Building FAR
0.16
Lot Size
1.73 AC
Opportunity Zone
Yes
Zoning
Retail / Office with PDH1 - B2
Parking
43 Spaces (3.58 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Convenience Store
- Day Care
- Fenced Lot
- Signage
- Reception
- Storage Space
- Air Conditioning
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1496-11-8866 | Improvements Assessment | $649,900 |
| Land Assessment | $269,700 | Total Assessment | $919,600 |
Property Taxes
Parcel Number
1496-11-8866
Land Assessment
$269,700
Improvements Assessment
$649,900
Total Assessment
$919,600
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3150-3160 Magic Hollow Blvd
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