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351 Independence Blvd 3,341 SF Retail Building Virginia Beach, VA 23462 $2,750,000 ($823.11/SF)
INVESTMENT HIGHLIGHTS
- Drive-Thru Infrastructure: Three existing drive-thru lanes
- Access: Full-movement ingress/egress
- Zoning: B-3 (Central Business District)
- High-Activity Trade Area: Strong daytime and evening traffic
- Frontage: Approximately 200 feet along Independence Blvd
EXECUTIVE SUMMARY
Prime 3,341 SF former bank branch on 0.75 acres with multiple drive-thru lanes, offering excellent frontage, visibility, and signage along Independence Boulevard. The property is strategically located at the signalized intersection of Independence Blvd and Broad Street (±59,200 VPD) in the heart of Town Center/Pembroke submarket of Virginia Beach. Surrounded by upscale retail, office towers, hotels, luxury multifamily, and entertainment destinations, this site sits within one of the most active, high-demand commercial corridors in Hampton Roads.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,341 SF
Building Class
C
Year Built
1991
Price
$2,750,000
Price Per SF
$823.11
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.75 AC
Zoning
B3
Parking
27 Spaces (8.08 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1477-46-1297 | Improvements Assessment | $669,500 |
| Land Assessment | $1,482,800 | Total Assessment | $2,152,300 |
PROPERTY TAXES
Parcel Number
1477-46-1297
Land Assessment
$1,482,800
Improvements Assessment
$669,500
Total Assessment
$2,152,300
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351 Independence Blvd
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