Share This Listing

Please enter your first name
Please enter your last name
Please enter a valid email address
Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

957 characters remaining

We will automatically send your friend a one-time email inviting them to visit this listing. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of the referral program. (Terms of Use)

thank you

Your email has been sent!

614 First Colonial Rd

4.27 Acres of Commercial Land Offered at $8,000,000 USD in Virginia Beach, VA 23451

Investment Highlights

  • Site is situated in an Opportunity Zone and municipal strategic growth area.
  • Can be purchased together or separately.
  • Redevelopment incentives are available.
  • Parcels Located at the Laskin Road and First Colonial Road Intersection - 38,238 VPD.

Executive Summary

Redevelopment incentives are available.

Attachments

614 First Colonial Road Flyer

Property Facts

Price $8,000,000 USD Property Subtype Commercial
Sale Type Investment Proposed Use
Commercial
  • Retail
Sale Conditions Redevelopment Project Total Lot Size 4.27 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Price $8,000,000 USD
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
Total Lot Size 4.27 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price $8,000,000 USD Lot Size 4.27 AC
Price Per AC $1,873,536 USD
Price $8,000,000 USD
Price Per AC $1,873,536 USD
Lot Size 4.27 AC

Can be purchased together or separately.

Description

This prime retail site features 4.27 acres of land that may be redeveloped and .6 acres that is currently leased to Rite Aid. The parcel is located in between Walmart SuperCenter, Target, Whole Foods, and Trader Joe's. The site is situated in an Opportunity Zone and municipal strategic growth area. Located in the highest income demographic in Hampton roads, this parcel has great frontage on Laskin Rd and First Colonial Rd and offers redevelopment incentives.

1 of 1
614 First Colonial Rd, Virginia Beach, VA - aerial map view - Image1
614 First Colonial Rd, Virginia Beach, VA - aerial map view - Image2
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 2407-88-2294 Improvements Assessment $2,348,400 USD
Land Assessment $1,166,600 USD Total Assessment $3,515,000 USD

PROPERTY TAXES

Parcel Number
2407-88-2294
Land Assessment
$1,166,600 USD
Improvements Assessment
$2,348,400 USD
Total Assessment
$3,515,000 USD

zoning

Zoning Code B-2
B-2
(757) 640-8252

  • Listing ID: 15692195

  • Date on Market: 4/10/2019

  • Last Updated:

  • Address: 614 First Colonial Rd, Virginia Beach, VA 23451

1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/5
614 First Colonial Rd, Virginia Beach, VA for sale Building Photo- Image 1 of 5
Main Photo
614 First Colonial Rd, Virginia Beach, VA for sale Aerial- Image 2 of 5
Aerial
614 First Colonial Rd, Virginia Beach, VA for sale Aerial- Image 3 of 5
Aerial
614 First Colonial Rd, Virginia Beach, VA for sale Site Plan- Image 4 of 5
site

1 of 1
Powered by LoopNet
You are being redirected to complete the bid registration process.
614 First Colonial Rd
(757) 640-8252 x

614 First Colonial Rd

1/3

Robert Beasley

(757) 640-8252

(757) 640-8252

Bobby Beasley III

(757) 640-8241

(757) 640-8241

Andy Stein

(757) 640-9463

(757) 640-9463

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link