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614 First Colonial Rd 4.27 Acres of Commercial Land Offered at $8,000,000 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.
PROPERTY FACTS
| Price | $8,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| Sale Condition | Redevelopment Project | Total Lot Size | 4.27 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
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| Property Type | Land |
| Price | $8,000,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.27 AC |
| Opportunity Zone |
Yes |
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)
ZONING
| Zoning Code | B-2 |
| B-2 |
MAP
ADDITIONAL PHOTOS
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