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Retail Space with Dedicated Parking
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724 First Colonial Rd, Virginia Beach, VA

3,000 SF retail space in Hilltop Shopping District.

Space Size3,000 SF
Lot Size0.36 Acres
Days on Market810

Property Features for 724 First Colonial Rd

General Information

Standard status Active
Size 3,000 SF
Lot size 0.36 Acres
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 724 First Colonial Rd Contact us

724 First Colonial Rd $18/SF/Yr

Floor
1
Size
3,000 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
• 3,000 SF Retail with Dedicated Onsite Parking • Located in the Hilltop Shopping...
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Listing Agency: Wynkoop Realty Group
Listed By: J.C. Wynkoop
Source: Moodyscre
Added: Jun 17, 2024 Changed: Sep 3 Last Checked: Sep 4 at 2:56PM

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 Wynkoop Realty Group

Investment Insights

Based on property information with market context.

This 3,000 square foot retail space is located in the Hilltop Shopping District. The property benefits from excellent visibility and exposure off of First Colonial Road. It features dedicated on-site parking. The location is minutes from I-264 and the Laskin Road Gateway/Oceanfront Resort Area.

Key Highlights

  • 3,000 SF Retail Space available.
  • Dedicated Onsite Parking for customers and staff.
  • Located in the desirable Hilltop Shopping District.

Property Analytics

Current Use

Domes Audio Video ... Home Appliance Store Mughal Knots Carpet & Flooring Store Mughal Knots Rugs (Bike/Boat/Book/etc) Store Mughal Knots Wholesale Big Box & Wholesale Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Hotel & Motel Electrical Service Parking Lot & Garage Law Firm

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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,550
Businesses Nearby
757k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 25% Shops & Services 23% Dining 22% Superstores 22%
Walmart Superstores
85,645 visits/mo 0.3 miles
Target Superstores
80,448 visits/mo 0.4 miles
Trader Joe's Groceries
54,458 visits/mo 0.3 miles
Chick-fil-A Dining
43,128 visits/mo 0.2 miles
Whole Foods Market Groceries
40,193 visits/mo 0.4 miles

Market

Lease Benchmarks for Virginia Beach, VA

$17.75 /SF/Yr
Avg Asking Price
$12–$20 /SF/Yr
Price Range
4,661 SF
Avg Space Size

This space is priced 1% above the average of $17.75 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - 3,000 SF retail space in Hilltop Shopping District.
Where is this retail space located?
The property is located at 724 First Colonial Rd Virginia Beach, VA.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 3,000 SF Retail Space available.; Dedicated Onsite Parking for customers and staff.; Located in the desirable Hilltop Shopping District.
(757) 816-0182 Call to check price and availability
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