Finding commercial property for sale virginia beach is a thrilling journey into one of the most vibrant real estate markets on the East Coast. Whether you're a local entrepreneur looking to expand your business or an investor seeking lucrative opportunities, Virginia Beach offers a plethora of attractive options.
- Prime Locations: Situated on Virginia Beach Boulevard, south of the busy Hilltop Commercial District, and with easy access to the resort area, these properties promise heavy daily commercial traffic.
- B-2 Zoning: This flexible zoning allows for diverse uses such as retail, mixed-use developments, or office spaces, accommodating varied business needs.
- Improved Infrastructure: The city has recently widened and improved key roads, boosting accessibility and convenience.
Virginia Beach is not just about its stunning coastline; it’s a hub of growth where every square foot of commercial real estate has potential.
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Top Commercial Properties for Sale in Virginia Beach
Virginia Beach is a hotspot for commercial real estate, offering diverse opportunities in some of its most sought-after areas. Here are three standout locations that are catching the eye of investors and business owners alike.
Chic's Beach
Chic's Beach is a terrific opportunity for those interested in a vibrant and desirable area. It's conveniently located near Little Creek Amphibious Base and the Chesapeake Bay Beach Tunnel. This area is not only popular for its residential charm but also for its commercial potential. The shopping center here is fully leased and professionally managed, making it a solid investment choice.
Atlantic Park
Atlantic Park is set to become a game-changer at the Virginia Beach oceanfront. This development will feature the first Wavegarden Cove wave pool in the U.S., alongside a large entertainment venue, retail shops, and residential apartments. Being just a few blocks from the beach and boardwalk, this location is ideal for businesses looking to capitalize on high foot traffic and tourism. The 12 fee-simple townhomes available here are perfect for short-term rentals, given their proximity to the beach and the city's overlay district.
Village Center at Holland Creek
The Village Center at Holland Creek offers almost 20 acres of prime real estate. This city-approved B1A zoning site includes plans for daycare, retail, office spaces, and restaurants. With 20,000 SF of retail and 26,000 SF of office and restaurant space, this development is minutes away from the new Amazon fulfillment center. The influx of workers in the area makes this an appealing site for businesses looking to tap into a growing market. All lots are to be sold together for $3,750,000, making it a comprehensive package for large-scale development.
These commercial properties for sale in Virginia Beach are more than just investments; they are opportunities to become part of the city's dynamic growth story. Whether you're interested in a thriving community like Chic's Beach, the innovative Atlantic Park, or the expansive Village Center at Holland Creek, Virginia Beach has something to offer for every investor.
Benefits of Investing in Virginia Beach Commercial Real Estate
Investing in commercial property for sale in Virginia Beach offers numerous benefits, making it a compelling choice for both seasoned investors and newcomers to the market. Let's explore why Virginia Beach stands out as a prime location for commercial real estate investment.
Investment Opportunity
Virginia Beach provides a diverse array of investment opportunities in its commercial real estate sector. From retail spaces and office buildings to mixed-use developments, there is something to suit every investor's portfolio. The city's commercial properties are not just about immediate returns but also offer long-term growth potential. As the city continues to develop, these properties are ready to appreciate, providing substantial returns over time.
Prime Location
Virginia Beach is strategically located, offering easy access to major transportation routes such as Interstate 264. This prime location connects businesses to the busy resort district and other key areas. The city's proximity to major military installations like NAS Oceana also adds a layer of demand for commercial spaces due to the consistent influx of personnel and visitors. This geographic advantage makes Virginia Beach an attractive spot for businesses looking to establish a strong presence in a thriving market.
Commercial Traffic
One of the standout features of Virginia Beach's commercial real estate is the heavy daily commercial traffic. Areas like Virginia Beach Boulevard experience significant foot and vehicle traffic, which is a boon for businesses reliant on customer visits. With the city's efforts to improve infrastructure, such as the recent widening of Virginia Beach Boulevard, accessibility and traffic flow have improved, further enhancing the appeal of commercial properties in this area.
These factors make Virginia Beach not just a place to buy property, but a strategic location to grow a business and secure solid returns on investment. Whether you're looking to expand an existing business, launch a new venture, or diversify your investment portfolio, Virginia Beach's commercial real estate market offers a wealth of opportunities.
How to Choose the Right Commercial Property
When looking to invest in commercial property for sale in Virginia Beach, it's crucial to consider several key factors. These will ensure that your investment aligns with your goals and maximizes potential returns.
Zoning
Zoning laws dictate what type of business activities can occur on a property. In Virginia Beach, properties might be zoned for retail, office, industrial, or mixed-use purposes. For instance, the B-2 commercial zoning mentioned in the research allows for retail, storage units, and office buildings. Understanding these restrictions is essential to ensure your intended use is permitted.
Property Type
Deciding on the type of property is another important step. Virginia Beach offers a variety of options, such as retail spaces, office buildings, and industrial lots. Each type comes with its own set of benefits and considerations. Retail spaces, for instance, benefit from high foot traffic, especially on busy streets like Virginia Beach Boulevard. Meanwhile, office buildings might offer stable rental income from long-term tenants. Consider what aligns best with your investment strategy.
Location
Location is often the most critical factor in real estate. Virginia Beach's commercial properties benefit from strategic positioning near major roads and attractions. Look for properties with easy access to transportation hubs like Interstate 264, which connects to key districts. Properties near high-traffic areas or major landmarks, such as NAS Oceana, can also attract more business, enhancing your property's value and rental potential.
By carefully evaluating these aspects—zoning, property type, and location—you can make informed decisions when purchasing commercial real estate in Virginia Beach. This approach ensures that the property not only meets your current needs but also supports future growth and profitability.
Frequently Asked Questions about Commercial Property for Sale in Virginia Beach
What types of commercial properties are available in Virginia Beach?
Virginia Beach offers a wide variety of commercial properties to suit different business needs. These include:
Retail spaces: Ideal for businesses looking to capitalize on high foot traffic. Locations like Virginia Beach Boulevard are particularly attractive due to heavy daily commercial traffic.
Office buildings: These properties can provide stable rental income from long-term tenants. For example, a 49,869 SF office building on a 7.04 AC lot offers significant space for businesses to grow.
Industrial buildings: Perfect for manufacturing or storage needs. Properties like the 11,500 SF industrial building built in 1989 provide ample space for operational activities.
Mixed-use developments: These combine residential and commercial spaces, allowing for diverse business opportunities.
Commercial land: For those looking to develop from scratch, there are vacant lands available, such as the prime piece of land on Virginia Beach Boulevard, which offers flexibility for various uses.
How can I schedule a tour of a commercial property?
Scheduling a tour of a commercial property in Virginia Beach is straightforward. Here’s how you can do it:
Contact a local real estate broker: Reach out to a reputable broker specializing in Virginia Beach commercial properties. They can provide you with listings and arrange visits.
Use online platforms: Websites like Crexi list available properties. You can request tours directly through these platforms.
Visit property management offices: If you have a specific property in mind, visiting the property management office can expedite the process.
Schedule through Brexton: As a trusted partner in Virginia Beach commercial real estate, Brexton can facilitate property tours and provide expert advice custom to your needs.
What should I consider before purchasing commercial property in Virginia Beach?
Before purchasing commercial property in Virginia Beach, consider the following:
Zoning restrictions: Ensure the property’s zoning aligns with your intended use. For example, the B-2 zoning allows for retail, storage, and office spaces.
Location: Properties with easy access to major roads like Interstate 264 and proximity to high-traffic areas can improve business visibility and value.
Market trends: Understanding local market dynamics can help anticipate property value appreciation. Virginia Beach is known for its strategic location and commercial activity, making it a desirable investment area.
Building condition and amenities: Evaluate the property’s condition and available amenities, such as parking and modern infrastructure, which can affect maintenance costs and tenant satisfaction.
Future growth potential: Research local development plans and market trends to assess the property’s long-term growth prospects.
By taking these factors into account, you can make a well-informed decision and choose a property that aligns with your business goals and investment strategy.
Conclusion
At Brexton Commercial, we pride ourselves on offering a personalized service that sets us apart in the Virginia Beach commercial real estate market. Our hands-on approach means we work closely with you every step of the way, ensuring your investment journey is smooth and successful.
Investment advisory is one of our key strengths. We understand that navigating the commercial real estate landscape can be complex, which is why our team of experts is dedicated to providing you with the insights and strategies you need to make informed decisions. Whether you're looking to acquire, manage, or dispose of assets, we tailor our services to meet your unique needs.
Our commitment to building long-term relationships with our clients is at the heart of everything we do. By understanding your goals and challenges, we can offer solutions that not only meet but exceed your expectations. From exclusive brokerage representation to comprehensive consulting services, Brexton Commercial is your trusted partner in Virginia Beach.
Ready to explore the commercial property for sale in Virginia Beach and take advantage of prime investment opportunities? Contact Brexton Commercial today for expert guidance and exclusive access to the best properties in the market. Let us help you achieve your real estate goals with confidence and success.
