First Colonial RE buys 1483 General Booth Blvd in Virginia Beach for $1.3 million

The fast-food restaurant at 1483 General Booth Blvd in Virginia Beach sold for $1,300,000 on September 4, 2026, according to the Virginia Beach Real Estate Assessor's sales records. That was 6.2 times its last recorded sale: $210,000 in 1986.

The record lists First Colonial RE LLC as the buyer.

The City of Virginia Beach Office of the Real Estate Assessor's records show a build year of 1986 and a 1.09-acre lot. The market value on record is $1,299,300.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Virginia Beach?

By our estimate, the seller's two largest charges, not counting prorations, were $1,300 for the grantor's tax and $780 for the regional transportation improvement fee (Hampton Roads grantor's tax). Who pays what follows Virginia Beach custom.

How much did the seller net?

By our estimate, the seller netted about $1,295,304. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $1,306,729 at closing. That covers the full price and closing costs.

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