$4,600,000

For Sale

3 months ago

36326 Lankford Hwy, Belle Haven, VA

Name: 36326 Lankford Hwy, For Sale in Belle Haven - eXp Realty
Brand: SVN/Miller Commercial Real Estate
SKU: VAAC2002868
Price: 4600000 USD

House

MLS® VAAC2002868

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage

Taxes $13,365

Days Active 98

Lot Size 11.47 Acres

Approx. Age 1995

MLS® Number VAAC2002868

Property Address: 36326 Lankford Hwy, Belle Haven, VA, 23306-1106

Average square foot calculated using Size range provided by listing agent.

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*

MLS® NumberVAAC2002868

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1995

Basement

DrivewayParking Lot

Garage Spaces

HeatCentral, Electric

A/CCentral A/C, Electric

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 18, 2026List Date

$4,600,000List Price

Commute

Commute

Starting Address

Destination Address

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