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2090 Princess Anne Rd
Virginia Beach, VA 23456

$1,900,000 USD

Storefront Condo For Sale  •  6,390 SF

Property Details

  • Property Type Storefront
  • Total Building Size 6,390 SF
  • Lot Size 1.73 AC
  • Building Class B
  • Year Built 2016
  • Tenancy Single
  • Zoning B-2
24 Transit Score
55 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1 Retail 6,390 SF $1,900,000 USD
  • Unit Size: 6,390 SF
  • Condo Use: Retail
  • Price: $1,900,000 USD
  • Sale Type: Investment
  • Price/SF: $297.34 USD
Description
Prime investment opportunity!  This business condominium was purpose-built for an Anytime Fitness franchise by its original owner, who is the owner of the unit now for sale.  The current franchisee holds a lease through 2029 with two additional five-year extension options, ensuring long term stability and positive cash flow. 
Key features:
Four bathrooms; two with showers
Built to Anytime Fitness franchise specifications
Listed at $1.9 million - below appraised value

This is a strong investment in a growing market area.

Sale Notes
Prime investment opportunity!  This business condominium was purpose-built for an Anytime Fitness franchise by its original owner, who is the owner of the unit now for sale.  The current franchisee holds a lease through 2029 with two additional five-year extension options, ensuring long term stability and positive cash flow. 
Key features:
Four bathrooms; two with showers
Built to Anytime Fitness franchise specifications
Listed at $1.9 million - below appraised value

This is a strong investment in a growing market area.

Description 

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.

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.

Amenities

  • 24 Hour Access
  • Dedicated Turn Lane
  • Freeway Visibility
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Storage Space
  • Monument Signage
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Norfolk International 35 min - 20.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Phyllis Mihalas 757-303-0503 Swell Real Estate Co
Phyllis Mihalas 757-303-0503 Swell Real Estate Co