Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2052 S Independence Blvd Virginia Beach, VA 23453

    For Sale
    Contact for pricing

    26,578 SF shopping center shadow-anchored by Target.

    Property size:
    26,578 SF
    Lot size:
    4.71 Acres

    Property Features for 2052 S Independence Blvd

    General Information

    Size
    26,578 SF
    Lot size
    4.71 Acres

    Source: JLL | Washington DC Agent Jordan Lex

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Virginia Beach Retail Center

    The Princess Anne Marketplace is a 26,578 square foot shopping center located in Virginia Beach, Virginia. Constructed in 1998 and 1999, the property consists of two freestanding retail centers at 2052 and 2076 S Independence Blvd. The property is currently 100% leased with a weighted average lease term (WALT) of 6.5 years. The location is within a larger shopping center shadow-anchored by a 111,966 square foot Target. The property has potential for future rent increases due to current below-market rents. 2076 S Independence Blvd houses Ivy Rehab, Jackson Hewitt Tax Service, and Acredale Animal Hospital. 2052 houses two insurance providers, State Farm and Direct Auto Insurance, and features a variety of restaurant options including Dunkin’, Papa John’s, Golden China, A&M Finest Deli, and Sweet Frog. The property is situated at the intersection of S Independence Blvd and Princess Anne Rd, with a traffic volume of 75,000 vehicles per day. The property is located in a high-performing retail area in Virginia Beach, within the Hampton Roads MSA, a stable market supported by the United States Navy and The Port of Virginia.
    Location Intelligence

    Current Use by Public Records

    Papa John's Pizza Pizza Restaurant Golden China Restaurant Chinese Restaurant Direct Auto Insurance Auto Insurance Agency Paula Faivre - State ... Insurance Agency Dunkin' Bakery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Princess Anne Marketplace, Lynnhaven Shopping Center, Parkway Shopping Center, Princess One Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach
    State
    Virginia
    Longitude
    -76.1103067
    Latitude
    36.7906557

    Nearby Similar for Sale

    • $10,400,000
      29,590 SF

      Virginia Beach Townhome Portfolio

      Portfolio of 12 townhomes near the oceanfront and Atlantic Park.
      2007 Baltic Ave, Virginia Beach, VA 23451
      View Details
    • $299,500

      Waterfront RV Resort in Sandbridge

      Gated RV resort with waterfront access and impressive amenities.
      3665 Sandpiper Rd, Virginia Beach, VA 23456
      View Details
    • $1,700,000
      6,000 SF

      Reconstructed Corner Building Near Boardwalk

      Two-story, 6,000 SF building near the oceanfront.
      223 17Th St, Virginia Beach, VA 23451
      View Details
    • $325,000

      Waterfront RV Lot with Amenities

      Large waterfront RV lot with condo-style amenities in Virginia Beach.
      3665 Sandpiper Rd, Virginia Beach, VA 23456
      View Details
    • $549,900
      960 SF

      Versatile Showroom/Office on High-Traffic Corridor

      Single-story showroom and office space with expansion potential.
      2640 Virginia Beach Blvd, Virginia Beach, VA 23452
      View Details
    • New
      $310,000
      1,149 SF

      Office Space on Independence Boulevard

      Office space available for purchase on Independence Boulevard.
      1137 Independence Blvd, Virginia Beach, VA 23455
      View Details

    FAQs

    What type of property is this?
    Shopping center - 26,578 SF shopping center shadow-anchored by Target.
    Where is this shopping center located?
    The property is located at 2052 S Independence Blvd Virginia Beach, VA.
    What are key features of this property?
    This property features: - 100% leased with a weighted average lease term (WALT) of 6.5 years, providing stable income.; - Shadow-anchored by a high-traffic Target store, driving customer flow.; - Located at a heavily trafficked intersection with **75,000 vehicles per day, ensuring high visibility.**
    (202) 719-5000
    Request Owner's contact information
    2052 S Independence Blvd Virginia Beach, VA 23453
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2052 S Independence Blvd
    Virginia Beach, VA 23453
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2052 S Independence Blvd Virginia Beach, VA 23453
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.