Food Lion-Anchored Retail
For Sale
Contact for pricing
5020 Ferrell Parkway, Virginia Beach, VA 23464
Newly renovated, grocery-anchored center offering prime endcap and nearby shop space with strong daily traffic exposure.
Property Size37,804 SF
Days on Market92
Property Features for 5020 Ferrell Parkway
General Information
Standard status
Active
Size
37,804 SF
Property subtype
Retail
Additional Details
Traffic Count
48,000 vehicles/day
Building Details
Building Size
37,804 SF
Tenancy
Multi
Properties For Sale
at 5020 Ferrell Parkway Contact us- Size
- 1,600 SF
- Type
- Neighborhood Center
- Term
- Negotiable
Former GameStop
- Size
- 1,100 SF
- Term
- Negotiable
Former Salon
Listing Agency:
Divaris Real Estate - Richmond
(757) 560-9064
Listed By:
Kris Fuller
(757) 560-9064
Source:
Divaris
Added: Jun 2
Changed: Aug 25
Last Checked: Aug 31 at 12:47PM
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 Divaris Real Estate - Richmond
Investment Insights
Based on property information with market context.
Parkway Marketplace is a newly renovated, Food Lion-anchored neighborhood retail center designed to serve everyday needs in a dense residential area. The tenant mix is built around grocery, restaurant, service, and convenience uses, with brand presence from Food Lion, O'Reilly's, GNC, Supercuts, and Chartway. Space currently available includes a 1,600 SF prime endcap and a 1,100 SF former salon unit, providing options for both established retail brands and service-oriented concepts. The property also includes panel signage options on the Ferrell Parkway pylon.
The center is positioned along heavily trafficked Ferrell Parkway with 48,000+ vehicles per day, supporting strong visibility and consistent traffic flow. Access is provided via immediate entry to a signalized intersection, which helps serve both passing motorists and local customers. National and service anchors in place contribute to repeat visitation throughout the day.
With its grocery anchor, practical nearby tenant roster, and direct access from a signalized location, Parkway Marketplace is a strong fit for retailers and service businesses seeking reliable daily foot traffic and customer familiarity. The availability of both an endcap and a secondary retail/service space allows operators to match their format to the most appropriate storefront configuration within the center.
The center is positioned along heavily trafficked Ferrell Parkway with 48,000+ vehicles per day, supporting strong visibility and consistent traffic flow. Access is provided via immediate entry to a signalized intersection, which helps serve both passing motorists and local customers. National and service anchors in place contribute to repeat visitation throughout the day.
With its grocery anchor, practical nearby tenant roster, and direct access from a signalized location, Parkway Marketplace is a strong fit for retailers and service businesses seeking reliable daily foot traffic and customer familiarity. The availability of both an endcap and a secondary retail/service space allows operators to match their format to the most appropriate storefront configuration within the center.
Key Highlights
- Food Lion‑anchored neighborhood center newly renovated along Ferrell Parkway with 48,000+ VPD traffic.
- 1,600 SF prime endcap space available in the center.
- 1,100 SF former salon space available.
Property Analytics
Property Profile
Current Use
Lease Details
48,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
173k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 41%
Dining 9%
Electronics 1%
Wawa
Shops & Services
59,319 visits/mo
0.1 miles
Harris Teeter
Groceries
25,113 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
21,217 visits/mo
0.1 miles
Aldi
Groceries
18,959 visits/mo
0.4 miles
7-Eleven
Shops & Services
10,062 visits/mo
0.5 miles
Demographics for 23464, VA
75,118
Population
29,267
Households
2.6
Avg Household Size
38
Median Age
38%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
4,498
Density / Sq Mi
$89,790
Median Household Income
$49,794
Median Earnings
$1,644
Median Rent
$339,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Newly renovated, grocery-anchored center offering prime endcap and nearby shop space with strong daily traffic exposure.
Where is this shopping center located?
The property is located at 5020 Ferrell Parkway Virginia Beach, VA.
What are key features of this property?
This property features: Food Lion‑anchored neighborhood center newly renovated along Ferrell Parkway with 48,000+ VPD traffic.; 1,600 SF prime endcap space available in the center.; 1,100 SF former salon space available.
