3150-3160 Magic Hollow Blvd - Loft/Creative Space FOR SALE


Virginia Beach, VA 23453
$1,700,000 USD
757-613-3337
3150-3160 Magic Hollow Blvd, Virginia Beach, VA for Sale
$1,700,000 USD
Loft/Creative Space - FOR SALE
1/14
null | Request Cap Rate

3150-3160 Magic Hollow Blvd
Virginia Beach, VA 23453


HIGHLIGHTS

  • Easy access
  • Natural light
  • Centrally Located

OVERVIEW

Purchase Price : $1,700,000 Owner occupant opportunity with 3,500 SF available for immediate occupancy Multi-tenant office / retail property with eight (8) rentable units ranging from 825 SF up to 2,860 SF Five out of eight rentable units are leased to long term tenants Gross rents received are currently $126,780 per year with three vacant units totaling 3,500 SF Located near Lynnhaven Mall and approximately 2.5 miles from I-264 Fenced-in rear asphalt lot behind each rentable unit Fenced-in open space yard on side of property Adjacent parcel of land also included in the sale Building size is 12,000 SF on 1.73 acres of land New interior renovations completed in multiple suites of the last three years

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

Retail / Office with PDH1

APN/PARCEL ID

1496-11-8866

ASK ABOUT THIS PROPERTY

Jason LoizouJL Commercial Real EstateMore Info
757-613-3337

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Jason LoizouJL Commercial Real EstateMore Info
757-613-3337

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