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1124 Lynnhaven Pky

12,901 SF Retail Building Virginia Beach, VA 23452 £2,346,111 (£182/SF) 7.40% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Features Ample Parking with an Updated Exterior and Parking Lot.
  • Contact Bill Brackman at (757) 523-1900 for further information.

EXECUTIVE SUMMARY

This 12,498 square foot Retail Medical Office Building opportunity sits on a 2.8 acre site. Enjoy a monthly net income of $19,315 being that is property is lease though Mid 2025. This property offers a competitive location with Monument Signage right along Lynnhaven parkway.

ATTACHMENTS

1124 Lynnhaven Parkway - For Sale - (AWB)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
12,901 SF
Building Class
C
Year Built
1993
Price
£2,346,111
Price Per SF
£182
Net Initial Yield
7.40%
NOI
£173,692
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
2.80 AC
Zoning
B2
Parking
79 Spaces (6.96 Spaces per 1,000 SF Leased)
Frontage
297 ft on Lynnhaven

AMENITIES

  • Bus Route
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NEARBY MAJOR RETAILERS

Lidl
Food Lion
Jazzercise
Walmart Neighborhood Market
Dollar Bank
Red Lobster
Waffle House
Rent-A-Center
Truist
Freddy's Frozen Custard & Steakburgers

PROPERTY TAXES

Parcel Number 1496-00-3597 Improvements Assessment £1,023,779
Land Assessment £1,210,752 Total Assessment £2,234,532

PROPERTY TAXES

Parcel Number
1496-00-3597
Land Assessment
£1,210,752
Improvements Assessment
£1,023,779
Total Assessment
£2,234,532
(757) 523-1900

CONTACT

  • Listing ID: 23836767

  • Date on Market: 04/08/2021

  • Last Updated:

  • Address: 1124 Lynnhaven Pky, Virginia Beach, VA 23452

The Retail Property at 1124 Lynnhaven Pky, Virginia Beach, VA 23452 is currently available for sale. Contact Riddle Associates, Inc. for more information.

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1124 Lynnhaven Pky
(757) 523-1900 x

1124 Lynnhaven Pky

Bill Brackman

(757) 523-1900

(757) 523-1900

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