36326 LANKFORD HWY, Belle Haven, VA 23306
36326 LANKFORD HWY, Belle Haven, VA 23306
36326 LANKFORD HWY, Belle Haven, VA 23306
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Marcee McMullen

Marcee McMullen

+1(610) 368-5860
Listed by Brent Miller • SVN/Miller Commercial Real Estate
$4,600,000
Est. payment /mo
11.47 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID VAAC2002868

Year Built 1995

Annual Tax Amount $13,365

Tax Year 2026

Lot Size 11.470 Acres

Acres 11.47

Property Sub-Type Mixed Use

Source BRIGHT

Property 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*

Location

State VA

County Accomack

Zoning B-1

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Electric

Exterior

Garage Spaces 160.0

Water Access N

Accessibility None

Total Parking Spaces 160

Garage N

Building

Sewer On Site Septic

Water Well

New Construction N

Schools

School District Accomack County Public Schools

Others

Tax ID NO TAX RECORD

Ownership Fee Simple

Special Listing Condition Standard

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Bright MLS (BMLS)

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Marcee McMullen

Marcee McMullen

+1(610) 368-5860

Realtor & Team Owner | License ID: PA# RS-349026 | DE# RS-0026228

Realtor & Team Owner License ID: PA# RS-349026 | DE# RS-0026228

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