Hampton Roads · Commercial sale
KB Partners buys 1061 Virginia Beach Blvd in Virginia Beach for $1.8 million
A retail building at 1061 Virginia Beach Blvd, Virginia Beach sold for $1,800,000 on July 20, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $1,800,000
- Sold
- July 20, 2026
- Property type
- Retail building
- Lot size
- 45,325 sq ft
- Year built
- 2015
A retail building at 1061 Virginia Beach Blvd sold for $1,800,000 on July 20, 2026, according to the Virginia Beach Real Estate Assessor's sales records. The price came in 16% below the market value of $2,133,200 on record.
KB Partners bought the property from the City of Virginia Beach, according to the assessor's records. The building was constructed in 2015 and sits on a 1.04-acre lot.
The sale price dipped slightly from the most recent earlier sale on record of $1,848,604 in 2016, according to the assessor's records.
What this sale costs to close
What does closing cost at this price? Under Virginia Beach custom the seller's larger charges are $1,800 for the grantor's tax and $1,080 for the regional transportation improvement fee (Hampton Roads grantor's tax). The seller's estimated net is $1,787,699 before brokerage commissions and any loan payoff. A cash buyer would need about $1,802,715 at closing.
Source: City of Virginia Beach Real Estate Assessor, property sales (Virginia Beach Open Data), document 202603034971. Property details: City of Virginia Beach Office of the Real Estate Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
