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121-125 Southgate Ave 5,057 SF 1% Leased Flex Building Virginia Beach, VA 23462 $1,605,308 CAD ($317.44 CAD/SF)
INVESTMENT HIGHLIGHTS
- Great small industrial site with building and parking in a great location close to I-264 Existing tenants are on a month to month leases
EXECUTIVE SUMMARY
One story block building built in the 60's, divided into three suites with three different tenants currently occupying the three bays. All on month to month leases. (Suite numbers 121-125) Intersection of Cleveland Street and Southgate Avenue in Virginia Beach, close to I-264. Owner notes the size of the building is actually 5,969 sf +/-. Entire site is 28,125 sf and can hold a lot of vehicles!! If you are looking for a small industrial site with building and lot, this is your place! Great location! The lot parking is a major plus!
PROPERTY FACTS
| Price | $1,605,308 CAD | No. Stories | 1 |
| Price Per SF | $317.44 CAD | Year Built | 1966 |
| Sale Type | Investment or Owner User | Parking Ratio | 1.58/1,000 SF |
| Property Type | Flex | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C | Cross Streets | Cleveland St |
| Lot Size | 0.28 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 5,057 SF | ||
| Zoning | I1 | ||
| Price | $1,605,308 CAD |
| Price Per SF | $317.44 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.28 AC |
| Rentable Building Area | 5,057 SF |
| No. Stories | 1 |
| Year Built | 1966 |
| Parking Ratio | 1.58/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Cross Streets | Cleveland St |
| Opportunity Zone |
Yes |
| Zoning | I1 |
1 1
PROPERTY TAXES
| Parcel Number | 1467-94-2325 | Improvements Assessment | $247,862 CAD |
| Land Assessment | $176,139 CAD | Total Assessment | $424,001 CAD |
PROPERTY TAXES
Parcel Number
1467-94-2325
Land Assessment
$176,139 CAD
Improvements Assessment
$247,862 CAD
Total Assessment
$424,001 CAD
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121-125 Southgate Ave
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