Mixed-Use Town Center
For Sale
Contact for pricing
222 Central Park Ave, Virginia Beach, VA 23462
Town Center in Virginia Beach anchors a dense live-work-play market with hotels, residences, and major daily employment.
Property Size450,000 SF
Days on Market92
Property Features for 222 Central Park Ave
General Information
Standard status
Active
Size
450,000 SF
Property subtype
Retail
Additional Details
Multifamily Units
935
Building Details
Building Size
450,000 SF
Properties For Sale
at 222 Central Park Ave Contact us- Size
- 2,798 SF
- Type
- Regional Mall
- Term
- Negotiable
Block 10
- Size
- 4,973 SF
- Term
- Negotiable
Block 9
Listing Agency:
Divaris Real Estate - Hampton Roads
(757) 497-2113
Listed By:
Gerald Divaris
Source:
Divaris
Added: Jun 2
Changed: Aug 9
Last Checked: Aug 31 at 3:42PM
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 - Hampton Roads
Investment Insights
Based on property information with market context.
Town Center of Virginia Beach is a large mixed-use development spanning 17 city blocks, positioned as a focal point in Hampton Roads. The project includes 935 residences across five upscale residential communities and offers significant hotel capacity, with 500,000 square feet of hotel space providing 532 guestrooms. Parking is supported by more than 4,000 free spaces across city-managed public garages, designed for convenient access across the development.
Located in Virginia Beach, the development is described as the midway point between downtown Norfolk and the Virginia Beach Oceanfront and resort area. Demographic and workforce depth are a key part of the offering, with over 60% of Virginia Beach residents within 5 miles and 22,470 employees working within 1 mile, including more than 7,000 directly within the development. The surrounding visitor draw is notable as well, with 14.1M visitors welcomed in 2024.
This property is well suited for operators and buyers looking to participate in a high-activity mixed-use environment where resident demand, workforce presence, and hotel traffic converge. With established residential, lodging, and parking infrastructure already in place, it can support a range of retail and hospitality-driven concepts that benefit from steady, multi-source foot traffic.
Located in Virginia Beach, the development is described as the midway point between downtown Norfolk and the Virginia Beach Oceanfront and resort area. Demographic and workforce depth are a key part of the offering, with over 60% of Virginia Beach residents within 5 miles and 22,470 employees working within 1 mile, including more than 7,000 directly within the development. The surrounding visitor draw is notable as well, with 14.1M visitors welcomed in 2024.
This property is well suited for operators and buyers looking to participate in a high-activity mixed-use environment where resident demand, workforce presence, and hotel traffic converge. With established residential, lodging, and parking infrastructure already in place, it can support a range of retail and hospitality-driven concepts that benefit from steady, multi-source foot traffic.
Key Highlights
- Town Center spans 17 city blocks in Virginia Beach as the focal point between downtown Norfolk and the Oceanfront/resort area
- Over 22,470 employees work within 1 mile of Town Center, with more than 7,000 directly within the development
- Over 4,000 free parking spaces within 5 city‑managed public garages
Property Analytics
Property Profile
Current Use
Lease Details
935
Residential units
Location Intelligence
Trade Area within ½ mile
2,574
Businesses Nearby
1.2M
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Superstores 21%
Shops & Services 12%
Apparel 11%
Walmart
Superstores
124,160 visits/mo
0.5 miles
Target
Superstores
123,938 visits/mo
0.4 miles
Wegmans
Groceries
95,993 visits/mo
0.3 miles
Kohl's
Apparel
56,671 visits/mo
0.3 miles
Best Buy
Electronics
51,231 visits/mo
0.4 miles
Demographics for 23462, VA
68,045
Population
29,729
Households
2.3
Avg Household Size
34
Median Age
31%
College-Educated
94%
High-School Grad
11.0 sq mi
ZIP Area
6,186
Density / Sq Mi
$69,680
Median Household Income
$43,613
Median Earnings
$1,652
Median Rent
$269,400
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 - Town Center in Virginia Beach anchors a dense live-work-play market with hotels, residences, and major daily employment.
Where is this shopping center located?
The property is located at 222 Central Park Ave Virginia Beach, VA.
What are key features of this property?
This property features: Town Center spans 17 city blocks in Virginia Beach as the focal point between downtown Norfolk and the Oceanfront/resort area; Over 22,470 employees work within 1 mile of Town Center, with more than 7,000 directly within the development; Over 4,000 free parking spaces within 5 city‑managed public garages
