SpecialPurpose in Virginia Beach, VA — Sale in Virginia Beach, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Virginia Beach, VA 23464

Description

Institutional Campus or Redevelopment Opportunity CBRE is proud to present a rare opportunity to acquire the 580 Kempsville Road in Virginia Beach, strategically positioned in the heart of the Norfolk/Virginia Beach corridor. This expansive property offers exceptional potential for entertainment, live performance, and specialty commercial ventures, with two substantial buildings across 12.78 acres in one of Hampton Roads’ most accessible and desirable submarkets. Its size, visibility, and proximity to major transportation routes make it an ideal candidate for a premier concert venue, regional event hub, or transformative mixed-use, retail, or multifamily(housing) redevelopment. The first parcel at 580 Kempsville Road, the preferred property for sale, spans 7.52 acres and features an ±80,000 SF modern facility with a sanctuary seating up to 5,200 guests—perfect for large-scale concerts, conferences, and community events. The second parcel at 640 Kempsville Road includes a two-story, 95,000 SF building on 5.26 acres, offering flexible space for production, storage, or adaptive reuse to support entertainment operations or complementary commercial uses. This property can be available for purchase as well. Together, these properties deliver a rare combination of scale, location, and versatility for investors and operators seeking a high-impact presence in Hampton Roads.

Market Context

This commercial property in Virginia Beach, VA is listed for sale. It has been on the market for 196 days. Compare it against other commercial property listings for sale in Virginia Beach, VA — view the full market.

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