36326 Lankford Hwy - Office FOR SALE


Belle Haven, VA 23306
$4,600,000 USD
410-430-9964
36326 Lankford Hwy, Belle Haven, VA for Sale
$4,600,000 USD
Office - FOR SALE
1/14
null | 8.19% Cap Rate

36326 Lankford Hwy
Belle Haven, VA 23306


HIGHLIGHTS

  • The property's tenant mix is notably diverse — spanning government agencies, healthcare providers, professional services, retail, food service, and fa
  • Masonry frame and metal construction with vinyl and metal exterior walls; poured concrete slab foundation. Roofing includes asphalt shingle, metal, an
  • $155,154 (2023) · $151,830 (2024) · $212,194 (2025) in documented capital improvements, totaling over $519,000 in recent reinvestment

OVERVIEW

Colonial Square is a well-established, income-producing office and retail complex occupying a commanding position on U.S. Route 13 — the primary commercial corridor of Virginia's Eastern Shore. Strategically situated in Belle Haven, Accomack County, this 40-unit complex offers an investor a rare opportunity to acquire a large-scale, multi-tenant asset with a diversified and stable rent roll in an underserved and growing coastal market. The property is being offered at a 8.19% cap rate and is 99% occupied - home to tenants including Enterprise Cars, Legal Aid of VA, H&R Block, Sharp Energy, Virginia Game and Fisheries Police Dept, and many more! Long-term owner/developer will leaseback and assist with a smooth transition to new ownership. The subject parcel spans 11.47 acres and encompasses all improvements, comprising approximately 61,498 square feet of gross building area across a single-story, multi-building campus. The property is served by well and septic. The property enjoys frontage on three roadways: Lankford Highway (Route 13), Merry Cat Lane, and King Street, with two dedicated interior roadways — Arthurs Court and LeCato Road — providing on-site circulation and access. Ample surface parking (100+ designated spaces) accommodates the property's diverse tenant mix. Capital improvements of over $519,000 have been invested across 2023–2025, reflecting the current owner's commitment to maintaining and enhancing the asset. With consistent improvement year over year, the property is well-positioned for a new owner to benefit from stabilized, below-market rents and a captive, long-tenured tenant base. Interior video: https://canva.link/50jjp99yqp9lv02 Exterior video: https://canva.link/nmcpd7sxzeetbw8 *Rent Roll and additional financials are available to qualified buyers with a signed NDA. Please DO NOT DISTURB the tenants. Tours can be available for qualified buyers with submitted LOIs.*

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

8.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colonial Square Office Complex

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.47 AC

LAND SF

456,073 SF

ZONING

Com

APN/PARCEL ID

119-00-A0-00-0062-00

ASK ABOUT THIS PROPERTY

John McClellan, CCIMSVN | Miller Commercial Real EstateMore Info
410-430-9964

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John McClellan, CCIMSVN | Miller Commercial Real EstateMore Info
410-430-9964

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