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sales rep | Brivity IDX

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36326 Lankford Hwy , Belle Haven, VA 23306
$4,600,000
Est. Payment: $24,098.80/mo
61498 Sqft
11.47 Acres
Status: active | Days on site: 168
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123MCR - 3256099
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House Description

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 7.5% 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 tenants! Tours can be scheduled with qualified buyers with submitted LOI*

Highlights

Listed by Brent Miller , 4105432440 SVN/Miller Commercial Real Estate , 4105432440. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
11.47

Year Built

1995

County

Accomack

School District

Accomack County Public Schools

Listing ID

VAAC2002868

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Interior Features

Air Cond:Central A/C
Fireplaces:
Water:Well

Exterior Features

Lot:Not New Construction,Horse Property: No
Garage Capacity:160
Zoning:General Business District
Sewer:On Site Septic
Parking Features:Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$24,099
Taxes
$1,114

Home Price

$4,600,000

Loan Details

30 yrs
6.844%

Down Payment

20%
$920,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$24,098.80

Principal

Taxes

Principal Taxes HOA Total
Monthly $24,098.80 $1,113.75 $0.00 $25,212.55
Yearly $289,185.63 $13,365.00 $0.00 $302,550.63
Total $8,675,568.93 $400,950.00 $0.00 $9,076,518.93
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Belle Haven, VA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

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Data last updated: 2026-11-13T21:11:33.000Z

© 2026 Bright MLS