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Two-Level Flex Space
For Lease
$11 SF/Yr

1616 Centerville Turnpike, Virginia Beach, VA 23464

Commercial/Industrial, Virginia Beach, VA

Space Size3,000 SF
Lot Size0.04 Acres
Days on Market139

Property Features for 1616 Centerville Turnpike

General Information

Property type Commercial Lease
Property subtype Other
Zoning I1
Parking features Assigned
Subdivision ALL OTHERS AREA 48
Standard status Active
Size 3,000 SF
Lot size 0.04 Acres

Utilities

Heating system Electric (Heating)
Cooling system Central Air

Building Details

Year built 1999
Listing Agency: Dick Kelly Real Estate Company
Listed By: Brooke Billings
Added: Jun 3 Changed: Oct 19 Last Checked: Oct 19 at 4:06PM
MLS# 10637871

Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 3,000-square-foot flex condominium spans two levels and is zoned I1. The ground floor has a reception area, two private offices, a public restroom, and a large open area. Upstairs are two more private offices, storage, a private bathroom, a kitchen and conference room, and additional open space. Steel-frame and block construction, a standing-seam metal roof, central air, and electric heating serve the unit. Built in 1999, it includes six assigned parking spaces.

The property is at 1616 Centerville Turnpike in Virginia Beach, with access to major interstates, military bases, retail, and business corridors.

Key Highlights

  • 3,000 square feet across two levels
  • I1 zoning
  • Two private offices on each floor, plus open flex areas

Property Analytics

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Current Use

Worley Turf & Irrigation ... Landscaping Peggy S. Scarborough ... Accounting Firm Tidewater Overhead Door Building Supply Mercury Communications, LLC Tech Support Center EXpress Flooring Hardware & Home Improvement

Suggested Use

Top Pick Spa & Massage Center Hair Salon Dental Office Big Box & Wholesale Store Nail Salon Skin Care Clinic

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$1.65 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

237
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Office suites, open work areas, and assigned parking support a range of business operations.
Where is this flex space located?
The property is located at 1616 Centerville Turnpike Virginia Beach, VA.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: 3,000 square feet across two levels; I1 zoning; Two private offices on each floor, plus open flex areas
More about this property
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