Virginia Beach, Virginia, offers a unique opportunity for investors to capitalize on the city's growing economy and desirable location. With 19 commercial land listings available for sale, there's no shortage of options for those looking to invest in this prime coastal city. Commercial land in Virginia Beach represents a wide range of investment opportunities, from retail and office spaces to industrial and agricultural developments. Whether you're a seasoned investor or just starting out, commercial land in Virginia Beach is an attractive option due to its proximity to major highways, airports, and seaports, making it an ideal location for businesses that rely on transportation and logistics.
Virginia Beach's commercial land market is characterized by its average price per square foot of $850 USD, with an average size of 2,000 square feet. The largest available parcel of land is 2,000 square feet, offering ample space for large-scale developments. With an average cap rate of , commercial land in Virginia Beach presents a promising investment opportunity. The city's strong economy, driven by tourism, agribusiness, and the presence of several United States Military bases, ensures a steady demand for commercial properties. Additionally, the city's amenities, such as Sentara Virginia Beach General Hospital and Sentara Princess Anne Hospital, Mount Trashmore Park, and the Virginia Aquarium & Marine Science Center, make it an attractive location for businesses and residents alike. Other property types available in Virginia Beach include residential land, office spaces, retail spaces, and industrial properties, each offering its own unique investment opportunities.
What are common commercial uses for land in the Virginia Beach market?
In the Virginia Beach market, common commercial uses for land include retail and restaurant spaces, office buildings, and hotels, which cater to the city's strong tourism industry and support the local economy. Additionally, industrial and warehouse spaces are also in demand, driven by the presence of major corporations and the city's strategic location for logistics and distribution.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Virginia Beach, there are several common ways to do so. For instance, investors can buy land directly from a seller, work with a real estate agent or broker, or purchase land at a public auction, and it's essential to understand the process, which is why we recommend reading our article on how to buy land to ensure a successful transaction.
In Virginia Beach, with 19 available listings of commercial land, investors have a range of options to choose from, with average prices per square foot at $850 USD and average sizes of 2,000 square feet, making it an attractive market for development projects. Additionally, the city's infrastructure, including water and sewer services, electricity, and natural gas distribution, as well as its proximity to major roads and the Norfolk International Airport, make it an ideal location for development.
