Business property for sale virginia beach offers exciting opportunities for growth and investment in a thriving metropolitan area. Virginia Beach stands out as a premier location for businesses seeking to expand or relocate, thanks to its dynamic economy and diverse industries.
- Thriving Economy: Virginia Beach boasts a thriving economy supported by tourism, military presence, retail, and agriculture, creating a fertile ground for businesses.
- Diverse Business Environment: From oceanfront resorts to busy commercial corridors, the city provides a wide variety of settings suitable for retail, office, and industrial enterprises.
- Investment Potential: Whether you're looking to buy, sell, or lease business properties, Virginia Beach is rich with possibilities for both seasoned investors and new entrepreneurs.
Virginia Beach, with its strategic coastal position and robust infrastructure, presents an appealing blend of lifestyle and commerce. The local government fosters a business-friendly climate, making it easier to steer commercial real estate transactions. It's a place where opportunity meets strategy, offering advantages that few other locales can match.
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Why Virginia Beach is Ideal for Business Investments
Virginia Beach is a hotspot for business investments, thanks to its strong economy and strategic location. The city is a melting pot of opportunities, attracting investors from various sectors.
Strong Economy
Virginia Beach's economy is diverse and resilient. It thrives on a mix of tourism, military presence, agriculture, and retail. This diversity cushions the city against economic downturns, making it a stable choice for business investments.
- Tourism is a major driver, with millions flocking to its beaches and attractions each year. This influx boosts local businesses and creates a robust market for retail and service industries.
- Military bases like NAS Oceana contribute significantly to the economy. They support local businesses and provide a steady stream of employment and economic activity.
Business-Friendly Environment
The city is known for its business-friendly policies. Local government initiatives aim to simplify the process of setting up and running a business. This supportive environment encourages entrepreneurs and established companies alike to invest in the area.
- Infrastructure improvements, such as the recent widening of Virginia Beach Boulevard, improve accessibility and traffic flow. This makes it easier for businesses to operate and for customers to reach them.
Strategic Location
Virginia Beach's location offers easy access to major highways like I-264, connecting businesses to regional and national markets. This connectivity is a significant advantage for logistics and distribution businesses.
Agriculture
Agriculture also plays a role in Virginia Beach's economy. The region supports a range of agricultural activities, providing fresh produce to local markets and restaurants. This sector complements the city's tourism and retail industries, creating a well-rounded economic landscape.
In summary, Virginia Beach's combination of a strong economy, strategic location, and business-friendly environment makes it an ideal location for business investments. Whether you're interested in tourism, retail, or agriculture, the city offers a wealth of opportunities.
Types of Business Properties for Sale in Virginia Beach
Virginia Beach offers a diverse array of business properties, making it an attractive destination for investors. Whether you're looking to expand your portfolio or start a new venture, you'll find a range of options to suit your needs.
Office Buildings
Office buildings in Virginia Beach cater to a variety of businesses, from startups to established corporations. The city offers properties with modern amenities and strategic locations near major roads and public transport. For instance, a 49,869 SF office building provides ample space for growing companies. These properties often feature updated infrastructure, making them attractive to tenants seeking convenience and accessibility.
Retail Spaces
Retail spaces in Virginia Beach benefit from the city's thriving tourism and local economy. Locations like Virginia Beach Boulevard, with heavy daily commercial traffic, are prime spots for retail businesses. Options range from small boutique shops to large retail complexes. A 13,904 SF retail building is an example of a property that offers significant space for retailers looking to capitalize on the city's busy market.
Industrial Properties
Industrial properties are perfect for businesses involved in manufacturing, warehousing, or distribution. Virginia Beach's proximity to major highways like I-264 improves logistics operations. An 11,233 SF industrial building provides ample room for operations and storage, appealing to businesses needing space and accessibility.
Commercial Land
For those interested in developing from the ground up, commercial land in Virginia Beach offers a blank canvas. These plots are often zoned for various uses, including mixed-use developments, retail, and offices. The flexibility of B-2 commercial zoning allows investors to tailor their projects to market demands, making it a versatile option for new developments.
Multifamily Properties
Investing in multifamily properties can be a lucrative option, especially in a city with a strong rental market. Virginia Beach's appeal as a residential destination supports the demand for multifamily units. These properties offer steady income potential and the opportunity for appreciation as the city's population grows.
In summary, Virginia Beach provides a wealth of business property for sale options, each with its unique advantages. Whether you're interested in office buildings, retail spaces, industrial properties, commercial land, or multifamily units, the city offers opportunities to match your investment goals.
Top Business Properties for Sale in Virginia Beach
Virginia Beach is home to a dynamic real estate market, offering a variety of business properties for investors. Here are some of the standout options currently available:
49,869 SF Office Building
This expansive office building is a prime opportunity for businesses seeking substantial space. Built in 1983, it sits on a 7.04-acre lot, offering room for future expansion. Its location is ideal for companies looking to establish a significant presence in Virginia Beach. The property's size and strategic position make it attractive for businesses seeking visibility and accessibility.
11,233 SF Industrial Building
For those in the industrial sector, this 11,233 SF industrial building is a perfect fit. Built in 1970, it provides ample space for manufacturing or warehousing operations. Its location near major transportation routes improves its appeal, offering ease of logistics and distribution. Industrial properties like this are crucial for businesses that require both space and strategic access to markets.
36,595 SF Office Building
Another notable property is a 36,595 SF office building. It is professionally managed and leased to long-term tenants, ensuring a stable income. Located near Haygood Road and Independence Boulevard, it benefits from high visibility and easy access to amenities. This property is ideal for investors seeking a low-maintenance asset with consistent returns.
13,904 SF Retail Building
Retail investors will find the 13,904 SF retail building particularly appealing. With an 8.06% cap rate, it promises solid returns. Situated in a busy area, it benefits from heavy foot traffic and proximity to high-income residential communities. Retail properties in such locations are highly sought after for their potential to attract a steady stream of customers.
These properties highlight the diverse business property for sale options available in Virginia Beach. Each offers unique benefits, whether you're looking for office space, industrial facilities, or retail opportunities. Investors can leverage these properties to meet their specific business needs and investment strategies.
How to Choose the Right Business Property
Choosing the right business property for sale in Virginia Beach involves several key considerations. Let's break down the essential factors to guide your decision-making process.
Investment Goals
First, clarify your investment goals. Are you looking for long-term appreciation, steady rental income, or a mix of both? Your goals will influence the type of property you should consider. For instance, office buildings with long-term tenants might offer stable income, while commercial land could provide appreciation opportunities.
Property Type
Different properties serve different business needs. Here's a quick guide:
- Office Buildings: Ideal for companies needing workspace or looking to lease to other businesses.
- Retail Spaces: Best for businesses that rely on foot traffic, such as shops and restaurants.
- Industrial Properties: Suitable for manufacturing, warehousing, or logistics businesses.
- Commercial Land: Offers flexibility for development and potential appreciation.
Consider what aligns best with your business model and future plans.
Location
Location is crucial. In Virginia Beach, properties near major roads like Haygood Road or Independence Boulevard offer high visibility and accessibility. Proximity to amenities, transportation, and customer bases can significantly impact your property's success.
Market Trends
Stay informed about market trends. Virginia Beach's economy is influenced by tourism, military presence, and a growing business sector. Understanding these trends can help you anticipate future demand and property value shifts.
For instance, the demand for mixed-use developments is rising, as seen in national trends. Properties that offer flexibility in use may become more valuable over time.
By considering these factors—investment goals, property type, location, and market trends—you can make a more informed decision. This approach ensures that your chosen property aligns with your business strategy and maximizes your investment potential.
Frequently Asked Questions about Business Property for Sale in Virginia Beach
Is Virginia Beach a good place to start a business?
Yes, Virginia Beach is a fantastic place to start a business. The city boasts a strong economy supported by diverse sectors like tourism, military, and agriculture. This diversity creates a stable environment for businesses to thrive.
Virginia Beach ranks highly on WalletHub's list of best cities for business, thanks to its business-friendly environment. The city offers various incentives and support for new businesses, making it an attractive location for entrepreneurs.
Are home prices dropping in Virginia Beach?
Currently, the median home value in Virginia Beach is $379,900, which is higher than both the county and national medians. This indicates a robust housing market. However, keep an eye on housing market trends as they can influence commercial property values.
The demand for homes remains high, with approximately 61% of homes being owner-occupied. This stable residential market supports the local economy and can positively impact business property investments.
Which commercial property is most profitable?
The profitability of a commercial property depends on several factors, including location, type, and current market trends. In Virginia Beach, office spaces, retail shops, and warehouses are popular choices.
- Office Spaces: These can provide steady rental income, especially if leased to long-term tenants.
- Retail Shops: High foot traffic areas can lead to significant profits for retail businesses.
- Warehouses: With the rise of e-commerce, warehouses are in demand for logistics and storage.
Additionally, coworking spaces are gaining popularity due to the flexible work environment they offer. This trend aligns with the increasing demand for adaptable workspaces, making them a potentially profitable investment.
By understanding these dynamics, investors can identify which type of business property for sale in Virginia Beach aligns with their financial goals and market opportunities.
Conclusion
At Brexton Commercial, we pride ourselves on providing personalized services custom to meet the unique needs of each client. Our expertise in the Virginia Beach commercial real estate market allows us to offer insights and guidance that help you make informed investment decisions.
Our investment advisory services are designed to maximize and preserve the value of your assets. We work closely with you to understand your goals and develop strategies to achieve them. Whether you're interested in acquiring, managing, or selling a business property, our team is here to support you every step of the way.
We believe in building long-term relationships based on trust and mutual respect. By choosing Brexton Commercial, you're not just getting a service provider—you're gaining a partner committed to your success.
Ready to explore business property for sale in Virginia Beach? Contact Brexton Commercial today for expert guidance and exclusive opportunities. Our team is eager to help you find the perfect property to match your investment goals and take your business to the next level.
