Listing Agency: Bucklew Properties Commercial Real Estate e***@bhhstowne.com Show Phone

Listed By: Eric Bucklew · License #0225031087 Show Phone

Source: Moodyscre

Added: Jan 30, 2024 Changed: Jul 6 Last Checked: Jul 21 at 6:43AM

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Investment Insights

Based on property information with market context.

This 14,000 square foot office and retail center is zoned B-2. Spaces are available starting from 1,000 square feet, with lease rates beginning at $12.00 per square foot NNN, which includes $3.00 for CAM, taxes, and insurance. The property provides approximately 50 on-site parking spaces. Space is available on the Pylon Street sign. Nearby tenants include Home Depot, Harris Teeter, Kroger, Rite Aid, Conn’s, and BJ’s.

Key Highlights

• 14,000 sf GLA office/retail center.
• B‑2 Zoned.
• Lease rates from $12.00 psf NNN ($3.00 CAM, taxes, ins.).

Property Analytics

Property Profile

Current Use

MAD Elite Dance ... Theater & Performing Art Venue Russian Art School High School

Suggested Use

Top Pick Building Supply Law Firm Restaurant Big Box & Wholesale Store Auto Repair Shop Dental Office

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

NNN (Triple Net)

Lease Type

$3 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,051

Businesses Nearby

196k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 51% Dining 42% Home Improvements & Furnishings 4% Hotels & Casinos 3%

Wawa Shops & Services

34,663 visits/mo 0.4 miles

McDonald's Dining

24,238 visits/mo 0.2 miles

Wendy's Dining

12,967 visits/mo 0.3 miles

Taco Bell Dining

12,886 visits/mo 0.5 miles

Guitar Center Shops & Services

12,124 visits/mo 0.3 miles

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this shopping centers located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Office and retail spaces available for lease in Virginia Beach.

Where is this shopping center located?

The property is located at 3615 Virginia Beach Blvd Virginia Beach, VA.

What is the lease rate?

The lease rate is $12 SF/Yr.

What are key features of this property?

This property features: 14,000 sf GLA office/retail center.; B‑2 Zoned.; Lease rates from $12.00 psf NNN ($3.00 CAM, taxes, ins.).