Pad Land Company buys 623 Virginia Beach Blvd in Virginia Beach for $2.7 million

The auto dealership at 623 Virginia Beach Blvd sold for $2,700,000 on September 22, 2026, according to the Virginia Beach Real Estate Assessor's sales records. That is 2.9 times its recorded market value of $919,500, according to the City of Virginia Beach Office of the Real Estate Assessor's records.

The record lists Pad Land Company LLC as the buyer. The last sale on record was $20,000 in 1962.

The City of Virginia Beach Office of the Real Estate Assessor's records list a build year of 1968 and a 14,000-square-foot lot.

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 $2,700 for the grantor's tax and $1,620 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 $2,689,588. 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 $2,711,069 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)