2090 Princess Anne Rd - Bank CONDO FOR SALE


Virginia Beach, VA 23456
$1,900,000 USD
757-303-0503
2090 Princess Anne Rd, Virginia Beach, VA for Sale
$1,900,000 USD
Bank CONDO - FOR SALE
1/4
null | 5.71% Cap Rate

2090 Princess Anne Rd
Virginia Beach, VA 23456


HIGHLIGHTS

  • Prime location situated in a high-traffic area near major retailers like Harris Teeter and FOod Lion ensuring strong visibility and foot traffic.
  • Established tenant, Anytime Fitness franchise with a long-term lease, including two five-year extensions option providing stable income for investors.
  • Purpose-built facility designed specifically for Anytime Fitness aligning with franchise standards.
  • Newer construction built in 2016, offering modern infrastructure and minimal maintenance concerns.
  • Strong surrounding demographics located in an area with high household incomes, supporting long-term business viability.
  • Listed below appraised value presenting a potential value opportunity for buyers.

OVERVIEW

Sandbridge Place is a single-story retail center totaling approximately 15,325 sf constructed in 2016. Of that, 6390 sf was specifically built for Anytime Fitness franchise. The property is strategically located between a Food Lion anchored shopping center at the corner of Princess Anne and Sandbridge Road, and a CHKD pediatric office. It is also situated across from Sandbridge Commons, a Harris Teeter-anchored center, benefiting from strong household incomes in the surrounding area. Currently, Suite 100 is occupied by an Anytime Fitness franchise, which is the anchor of this retail center.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

5.71%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sandbridge Place

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

6,390 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

B-2

APN/PARCEL ID

2414-22-1035

ASK ABOUT THIS PROPERTY

Phyllis MihalasSwell Real Estate CoMore Info
757-303-0503

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Phyllis MihalasSwell Real Estate CoMore Info
757-303-0503

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.