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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
| Price | $4,250,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 15.21 AC |
| Property Type | Land | Cross Streets | Elson Green |
| Zoning | AG1 - Agricultural | ||
| Price | $4,250,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 15.21 AC |
| Cross Streets | Elson Green |
| Zoning | AG1 - Agricultural |
1 LOT AVAILABLE
Lot
| Price | $4,250,000 | Lot Size | 15.21 AC |
| Price Per AC | $279,421.43 |
| Price | $4,250,000 |
| Price Per AC | $279,421.43 |
| Lot Size | 15.21 AC |
1 1
PROPERTY TAXES
| Parcel Number | 2414-14-1532 | Improvements Assessment | $0 |
| Land Assessment | $241,400 | Total Assessment | $241,400 |
PROPERTY TAXES
Parcel Number
2414-14-1532
Land Assessment
$241,400
Improvements Assessment
$0
Total Assessment
$241,400
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Princess Anne Rd
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