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Office Building with Renovations Underway
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123 S Lynnhaven Rd, Virginia Beach, VA

Two-story office building with ongoing renovations and elevator addition.

Property Size2,049 SF
Lot Size0.60 Acres
Days on Market248

Property Features for 123 S Lynnhaven Rd

General Information

Standard status Active
Size 2,049 SF
Lot size 0.60 Acres
Property subtype OFFICE
Listing Agency: Colliers | Norfolk
Listed By: Ricky Anderson
Source: Moodyscre
Added: Nov 24, 2025 Changed: Jul 6 Last Checked: Jul 22 at 4:05AM

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 Colliers | Norfolk

Investment Insights

Based on property information with market context.

This is a two-story office building offering approximately 9,548 square feet of space. Currently, Suite 202 is available, offering approximately 2,049 square feet. The building is owner-occupied and undergoing exterior and interior renovations, including the addition of an elevator. Monument and building signage options are available. The property is centrally located at the intersection of I-264 and Lynnhaven Parkway.

Key Highlights

  • Centrally located at the intersection of I‑264 and Lynnhaven Parkway
  • Owner occupied building with exterior and interior renovations underway and elevator being added
  • ±9,548 RSF office building

Property Analytics

Current Use

Judy Marsh, Rose ... Real Estate Agency Bill Weakley Loan ... Loan Service Mandy Farmer Realtor- ... Real Estate Agency Leslie Elle Rhue, ... Real Estate Agency Tim Cochran - Waterfront ... Real Estate Agency

Suggested Use

Top Pick Restaurant Building Supply Pharmacy Big Box & Wholesale Store Storage Facility Food Market

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

Location Intelligence

Trade Area within ½ mile

1,375
Businesses Nearby

Market

Lease Benchmarks for Virginia Beach, VA

$24.25 /SF/Yr
Avg Asking Price
$20–$32 /SF/Yr
Price Range
14,820 SF
Avg Space Size

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 - Two-story office building with ongoing renovations and elevator addition.
Where is this office building located?
The property is located at 123 S Lynnhaven Rd Virginia Beach, VA.
What are key features of this property?
This property features: Centrally located at the intersection of I‑264 and Lynnhaven Parkway; Owner occupied building with exterior and interior renovations underway and elevator being added; ±9,548 RSF office building
(757) 217-1892 Call to check price and availability
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