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Retail Storefront at Major Intersection
For Lease
$1,687/Mo

233 Independence Blvd, Virginia Beach, VA 23462

Storefront retail space with strong visibility at the Independence Blvd and Virginia Beach Blvd intersection.

Space SizeContact for details
Days on Market120

Property Features for 233 Independence Blvd

General Information

Standard status Active
Property subtype Retail
Occupancy 100%

Building Details

Tenancy Multi
Listing Agency: Norfolk - Main
Listed By: Natalie Hucke
Source: Colliers
Added: May 14 Changed: Aug 14 Last Checked: Sep 8 at 3:25AM

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 Norfolk - Main

Investment Insights

Based on property information with market context.

This retail storefront is located at the intersection of Independence Blvd and Virginia Beach Blvd, providing prominent visibility for passing traffic. The space was previously operated as a Starbucks Coffee.

The property sits adjacent to Wegman’s and Town Center, the central business district of Virginia Beach. Public remarks note it is at the busiest intersection in Virginia Beach, supported by a co-tenant mix that includes The Vitamin Shoppe, T-Mobile, Aspen Dental, Club Champion, LightRx, and Langley Federal Credit Union. Area shopping and retail brands mentioned include Walmart, Office Depot, Target, Kohl’s, The Fresh Market, Nordstrom Rack, Ulta, and Barnes and Noble.

Key Highlights

  • Strong visibility at the Independence Blvd and Virginia Beach Blvd intersection
  • Previously operated as a Starbucks Coffee location
  • Adjacent to Wegman’s and Town Center, Virginia Beach’s central business district

Property Analytics

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Current Use

The Vitamin Shoppe (Bike/Boat/Book/etc) Store T-Mobile Telecommunications Service Starbucks Cafe & Coffee Shop

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Garden Center Auto Parts Store Kitchen & Bath Showroom Storage Facility

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

100%
Occupancy
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,321
Businesses Nearby
1.2M
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 37% Superstores 21% Groceries 13% Apparel 11%
Walmart Superstores
124,160 visits/mo 0.3 miles
Target Superstores
123,938 visits/mo 0.4 miles
Wegmans Groceries
95,993 visits/mo 0.1 miles
Kohl's Apparel
56,671 visits/mo 0.4 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
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Market

Lease Benchmarks for Virginia Beach, VA

$20.58 /SF/Yr
Avg Asking Price
$12–$36.91 /SF/Yr
Price Range
4,041 SF
Avg Space Size

This space is priced 42% below the average of $20.58 /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
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Frequently Asked Questions

What type of property is this?
Storefront property - Storefront retail space with strong visibility at the Independence Blvd and Virginia Beach Blvd intersection.
Where is this storefront property located?
The property is located at 233 Independence Blvd Virginia Beach, VA.
What is the lease rate?
The lease rate is $1,687/Mo.
What are key features of this property?
This property features: Strong visibility at the Independence Blvd and Virginia Beach Blvd intersection; Previously operated as a Starbucks Coffee location; Adjacent to Wegman’s and Town Center, Virginia Beach’s central business district
More about this property
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