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    6109 E Virginia Beach Blvd

    Norfolk, VA 23502
    • $1,150,000
    • STATUS: Active Under Contract
    • ON SITE: 49 days
    • ID#: 10368997
    Under Contract
    UPDATED: 51 min ago
    $1,150,000
    • 0
      BEDS
    • 1.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,339
      SQFT
    • $123
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1975

    School Ratings & Info

    Description

    This highly visible, centrally located, retail strip center fronting very highly travelled Virginia Beach Boulevard is fully leased with long-term, triple net leases. This investment opportunity has good cash flow with approximately a 9.5% Cap rate. Previously a three unit strip center, one tenant is leasing two units and has done recent $300K worth of improvements. With approximately 9,339 sq. feet of building space, the property has ample parking both front and back. Great location near multiple shopping centers, Interstate 64, neighborhoods, and more. Text agent for P&Ls. Great opportunity, don't let it get away, invest today!

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    www.coastalhomesofva.com/homes/115517830
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    6109 E Virginia Beach Blvd Norfolk, VA 23502

    • Price: $1,150,000
    • Status: Active Under Contract
    • Updated: 51 min ago
    • ID#: 10368997
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.08
    Acres
    9,339
    SQFT
    $123
    $/SQFT
    1975
    Built
    Neighborhood:
    Glenrock
    Area:
    12 - East Norfolk
    Property Description
    This highly visible, centrally located, retail strip center fronting very highly travelled Virginia Beach Boulevard is fully leased with long-term, triple net leases. This investment opportunity has good cash flow with approximately a 9.5% Cap rate. Previously a three unit strip center, one tenant is leasing two units and has done recent $300K worth of improvements. With approximately 9,339 sq. feet of building space, the property has ample parking both front and back. Great location near multiple shopping centers, Interstate 64, neighborhoods, and more. Text agent for P&Ls. Great opportunity, don't let it get away, invest today!
    Exterior Features

    Construction Block Exterior Siding Brick Foundation Type Slab Garage YN No Location FrontageStrip Lot Dimensions 47159 Parking LotOff StreetPaved Roof Poly Skin

    Interior Features

    Ceiling Height 10' Cooling Central Air Flooring Type CarpetTile Heating Electric

    Property Features

    Contingencies Feasibility Study/Due Diligence Contingency Exists Contingent Disclosure None Features Display WindowInside StorageLightingPole SignPriv RestrmsRear Entrance Lease Type Multiple New Construction YN No Ownership Type Simple Possession Settle Tax Amount Approx 11563 Use Type Business Utilities City SewerCity WaterElectricTelephone Avail Zoning C-2

    Listing provided courtesy of Rose & Womble Realty Company
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    Berkshire Hathaway HomeServices | Towne Realty
    301 Lynnhaven Parkway
    Virginia Beach VA, 23452