5541 Parliament Dr - Loft/Creative Space FOR SALE


Virginia Beach, VA 23462
$1,650,000 USD
757-613-3337
5541 Parliament Dr, Virginia Beach, VA for Sale
$1,650,000 USD
Loft/Creative Space - FOR SALE
1/22
null | 9.59% Cap Rate

5541 Parliament Dr
Virginia Beach, VA 23462


HIGHLIGHTS

  • Centrally located
  • Abundant parking
  • Close proximity to I-264

OVERVIEW

Purchase Price: $1,650,000 Net Operating Income = $158,256 Cap Rate = 9.6% Located directly behind Arrowhead Plaza in the Princess Anne submarket of Virginia Beach Multi-tenant office / retail property with seventeen (17) rentable units ranging from 325 square feet up to 1,000 square feet Owner occupant opportunity with a few short term leases in place Building size is 9,950 square feet on one parcel of land totaling 0.79 acres 64 surface parking spaces Abundant parking, monument signage, and easy accessibility New exterior and interior renovations completed over last two years Located within one mile of Interstate 264

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

9.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Parliament Drive Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

B2

APN/PARCEL ID

1467-23-1544

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.