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Multi-Tenant Medical Office Building
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1101 First Colonial Rd, Virginia Beach, VA 23454

Renovated common areas in a multi-tenant medical office building with hospital-size elevator and ample parking.

Space Size6,505 SF
Days on Market1308

Property Features for 1101 First Colonial Rd

General Information

Standard status Active
Size 6,505 SF
Elevators Yes
Property subtype OFFICE
Lease Type Full Service

Additional Details

Space Use Medical Office
Highway Access Yes

Amenities

newly renovated common areas
24/7 access

Building Details

Stories 4
Tenancy Multi

Spaces For Lease

at 1101 First Colonial Rd Contact us

Medical Arts Center $30/SF/Yr

Floor
4
Size
6,505 SF
Type
OFFICE
Lease Type
NET_NNN
Availability
AVAILABLE, Now
Sublease
No
- Multi-Tenant 4 Story Medical Office Building - Hospital-Size Elevator Cab - Newly...
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Listing Agency: The Katsias Company
Listed By: John Katsias
Source: Moodyscre
Added: Jan 26, 2023 Changed: Aug 8 Last Checked: Aug 25 at 12:29PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Katsias Company

Investment Insights

Based on property information with market context.

Multi-tenant, four-story medical office building offering hospital-size elevator cab, newly renovated common areas, and 24/7 access. The building is set up as a full-service arrangement described as net of janitorial, with no passthroughs toward OPEX.

Located adjacent to Sentara Virginia Beach General Hospital, the property provides convenient access to nearby retail, restaurants, and highways. Ample parking is available for patients, staff, and visitors.

Suitable for office and medical office users seeking an established, hospital-adjacent environment with day-to-day common-area updates and consistent access for operations.

Key Highlights

  • Multi‑tenant, 4‑story medical office building with hospital‑size elevator cab
  • Renovated common areas
  • Adjacent to Sentara Virginia Beach General Hospital

Property Analytics

Current Use

Deepak R. Talreja, ... Physician Ashman Berton W ... Physician Eynon Michelle M Physician Novosel Tracy MD Physician Virginia Beach Internal ... Physician

Suggested Use

Top Pick Law Firm Parking Lot & Garage Building Supply Restaurant Electrical Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,311
Businesses Nearby

Demographics for 23454, VA

58,665
Population
24,253
Households
2.4
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
22.5 sq mi
ZIP Area
2,607
Density / Sq Mi
$97,835
Median Household Income
$48,961
Median Earnings
$1,600
Median Rent
$401,900
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Renovated common areas in a multi-tenant medical office building with hospital-size elevator and ample parking.
Where is this office building located?
The property is located at 1101 First Colonial Rd Virginia Beach, VA.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Multi‑tenant, 4‑story medical office building with hospital‑size elevator cab; Renovated common areas; Adjacent to Sentara Virginia Beach General Hospital
(757) 285-8989 Call to check price and availability
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