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580 Kempsville Rd 79,823 SF Specialty Building Offered For Sale in Virginia Beach, VA 23464
Investment Highlights
- Prime location near Virginia Beach Town Center with excellent visibility
- Two parcels totaling nearly 13 acres in a high-growth trade area
- Ideal for entertainment, mixed-use, retail, or multifamily redevelopment
- Immediate access to I-264 and I-64 for regional connectivity
- Existing improvements include modern auditorium and flexible two-story structure
- Surrounded by strong demographics and high traffic counts
Executive Summary
Located in the heart of Hampton Roads, 580 Kempsville Road offers a rare institutional campus or redevelopment opportunity in one of Virginia Beach’s most desirable submarkets. Spanning nearly 13 acres across two parcels, this property combines scale, visibility, and strategic positioning—just one mile from Interstate 264 and minutes from Virginia Beach Town Center. Its central location ensures seamless connectivity to all seven cities in the region, making it ideal for high-impact ventures.
Parcel A at 580 Kempsville Road features a modern ±80,000 SF facility built in 1997, anchored by a grand sanctuary seating up to 5,200 guests, complemented by classrooms, gymnasium, and administrative spaces. Parcel B at 640 Kempsville Road adds ±95,000 SF of flexible space suitable for storage, production, or adaptive reuse. Together, these assets present exceptional potential for entertainment venues, regional event hubs, or transformative mixed-use redevelopment including retail, multifamily, or institutional concepts.
The property benefits from strong demographics, high traffic counts, and proximity to major employers and infrastructure investments that drive Hampton Roads’ growth. With abundant parking, multiple access points, and existing infrastructure designed for large-scale operations, this offering is positioned to capitalize on Virginia Beach’s thriving economy and robust population base. Investors and developers seeking a strategic foothold in the Mid-Atlantic will find this opportunity unparalleled.
Parcel A at 580 Kempsville Road features a modern ±80,000 SF facility built in 1997, anchored by a grand sanctuary seating up to 5,200 guests, complemented by classrooms, gymnasium, and administrative spaces. Parcel B at 640 Kempsville Road adds ±95,000 SF of flexible space suitable for storage, production, or adaptive reuse. Together, these assets present exceptional potential for entertainment venues, regional event hubs, or transformative mixed-use redevelopment including retail, multifamily, or institutional concepts.
The property benefits from strong demographics, high traffic counts, and proximity to major employers and infrastructure investments that drive Hampton Roads’ growth. With abundant parking, multiple access points, and existing infrastructure designed for large-scale operations, this offering is positioned to capitalize on Virginia Beach’s thriving economy and robust population base. Investors and developers seeking a strategic foothold in the Mid-Atlantic will find this opportunity unparalleled.
Property Facts
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1466-77-5086 | Improvements Assessment | $17,585,000 |
| Land Assessment | $1,066,600 | Total Assessment | $18,651,600 |
Property Taxes
Parcel Number
1466-77-5086
Land Assessment
$1,066,600
Improvements Assessment
$17,585,000
Total Assessment
$18,651,600
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580 Kempsville Rd