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5152 Princess Anne - 5152 Princess Anne Road

0.5 Acres of Commercial Land Offered at $1,346,596 CAD in Virginia Beach, VA 23462

Executive Summary

Purchaser shall make a one time contribution of $300,000 towards the infrastructure expenses

Property Facts

Price $1,346,596 CAD
Sale Type Investment or Owner User
Sale Conditions
Ground Lease (Leasehold)
  • Build to Suit
  • Lease Option
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.50 AC

1 Lot Available

Lot

Price $1,346,596 CAD
Price Per AC $2,693,193 CAD
Lot Size 0.50 AC

Description

• Pad site for Sale or Lease! $950,000.00 (with a one-time contribution of $300,000.00 towards the infrastructure expenses) or ground lease for $125,000.00/annually with yearly escalations • Three (3) buildings featuring retail, office & restaurant uses! Current tenant’s include: Starbucks, Gran Patron Mexican Restaurant, I Heart Mac & Cheese, Yomi Japanese Hibachi & Sushi & Onward Physical Therapy! • Amazing demographics! High population, average HH income, number of households within a 1-5 mile radius! • Excellent visibility and access points along Witchduck Rd. & Princess Anne Rd. with traffic counts at 30,000 VPD at intersection. • Less than 1/4 mile to I-264

  • Listing ID: 26619710

  • Date on Market: 2022-09-13

  • Last Updated:

  • Address: 5152 Princess Anne, Virginia Beach, VA 23462

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