• Broker Robert Beasley 7576408700
  • Broker Bobby Beasley III 7576408241
  • Broker Andy Stein 7576409463

614 First Colonial Rd 4.27 Acres of Commercial Land Offered at $8,000,000 in Virginia Beach, VA 23451

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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 Property Subtype Commercial
Sale Type Investment Proposed Use
Commercial
  • Retail
Sale Condition 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
Zoning B-2
Price $8,000,000
Sale Type Investment
Sale Condition 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.
Zoning B-2

1 LOT AVAILABLE

Lot

Price $8,000,000 Lot Size 4.27 AC
Price Per AC $1,873,536.30
Price $8,000,000
Price Per AC $1,873,536.30
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.

Walk Score®
Very Walkable (83)

MAP

ADDITIONAL PHOTOS

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