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Light Industrial Flex Warehouse
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350 Cleveland Pl, Virginia Beach, VA 23462

Flex building in I-1 zoning with unit roll-up loading and a small office.

Property Size1,600 SF
Days on Market82

Property Features for 350 Cleveland Pl

General Information

Standard status Active
Size 1,600 SF
Property subtype FLEX_R_AND_D
Zoning I-1
Lease Type SF/mo

Site & Location

Highway Access Yes
Road Access Yes
Listing Agency: Colliers | Norfolk
Listed By: Ricky Anderson · License #0225181900
Source: Moodyscre
Added: May 11 Changed: Jul 26 Last Checked: Jul 30 at 1:41PM

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.

Flex building totaling 12,800 SF, positioned for light industrial use under I-1 (Light Industrial District) zoning. Each unit includes one 9’ x 10’ roll-up door and a layout measuring 38’ x 20’, plus a small office.

The property is centrally located off Cleveland Street near Witchduck Road, with quick access to I-264 and Virginia Beach Town Center.

For tenants seeking a compact light industrial setup with straightforward loading and office space, these units provide an efficient, functional configuration within the flex warehouse building.

Key Highlights

  • 12,800 SF flex building with I‑1 (Light Industrial District) zoning
  • Each unit features a (1) 9’ x 10’ roll‑up door for loading
  • Unit layout measures 38’ x 20’ with one small office

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Spa & Massage Center Hotel & Motel

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
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,085
Businesses Nearby
Under-served
Demand for This Use

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

Lease Benchmarks for Virginia Beach, VA

$55.01 /SF/Yr
Avg Asking Price
$0.8–$141 /SF/Yr
Price Range
8,467 SF
Avg Space Size

This space is priced 70% below the average of $55.01 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Flex building in I-1 zoning with unit roll-up loading and a small office.
Where is this flex space located?
The property is located at 350 Cleveland Pl Virginia Beach, VA.
What is the lease rate?
The lease rate is $2,200 /Mo.
What are key features of this property?
This property features: 12,800 SF flex building with I‑1 (Light Industrial District) zoning; Each unit features a (1) 9’ x 10’ roll‑up door for loading; Unit layout measures 38’ x 20’ with one small office
(757) 217-1892 Call to check price and availability
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