Princess Anne Rd 15.21 Acres of Commercial Land Offered at $4,250,000 in Virginia Beach, VA 23456
INVESTMENT HIGHLIGHTS
- City to support rezoning consistent with Comprehensive Plan (mixed use).
- Dense, affluent residential population with an average household income of $133,688.
- Retail Submarket Vacancy of 2.2%.
- Signalized intersection with multiple points of ingress/egress - two median breaks.
EXECUTIVE SUMMARY
The subject property is 15.208 acres, of which 6.29 acres are upland. Wetland credits can be purchased to create additional upland (See page 6). It is located within the Red Mill trade area of Virginia Beach, enjoys approximately 800’ of frontage on Princess Anne Road, and is located at a signalized intersection shared by Home Depot and Target.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $4,250,000 |
| Price Per AC | $279,421.43 |
| Lot Size | 15.21 AC |
1 of 1
PROPERTY TAXES
| Parcel Number | 2414-14-1532 | Improvements Assessment | $0 |
| Land Assessment | $241,400 | Total Assessment | $241,400 |
