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Retail Space Near Old Dominion
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4100-4502 Monarch Way, Norfolk, VA 23508

Retail spaces available in vibrant mixed-use development near university.

Space Size3,558 SF - 3,897 SF
Property Size49,875 SF
Days on Market325

Property Features for 4100-4502 Monarch Way

General Information

Standard status Active
Size 3,558 SF - 3,897 SF
Property subtype Retail

Building Details

Building Size 49,875 SF

Spaces For Lease

at 4100-4502 Monarch Way Contact us

Building 2 - Suite E-F

Size 3,558 SF
Term Negotiable
Rate Contact for pricing
Contact us

Building 4 - Suite A-C

Size 3,897 SF
Term Negotiable
Rate Contact for pricing
Contact us
Listing Agency: S.L. Nusbaum Realty Co - Corporate
Listed By: Brody Tucker
Source: Slnusbaum
Added: Nov 24, 2025 Changed: Oct 3 Last Checked: Oct 12 at 5:27PM

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 S.L. Nusbaum Realty Co - Corporate

Investment Insights

Based on property information with market context.

Located on Monarch Way, adjacent to Chartway Arena at Old Dominion University, this mixed-use property offers retail spaces for rent. The location benefits from high foot traffic from students, faculty, and families attending events. The property is currently home to dining options such as Chick-fil-A, Panera, Hangry Joe's, and Insomnia Cookies. Two spaces remain available. The property is suitable for businesses seeking to thrive in a busy college community.

Key Highlights

  • Prime location adjacent to Chartway Arena at Old Dominion University.
  • High foot traffic from students, faculty, and event attendees.
  • Opportunity to join established dining tenants like Chick‑fil‑A and Panera.

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Dental Office Law Firm Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

998
Businesses Nearby
116k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 69% Shops & Services 27% Hotels & Casinos 4%
McDonald's Dining
26,212 visits/mo 0.1 miles
7-Eleven Shops & Services
17,731 visits/mo 0.4 miles
Taco Bell Dining
11,181 visits/mo 0.2 miles
Dunkin' Donuts Dining
10,229 visits/mo 0.2 miles
Chipotle Mexican Grill Dining
8,904 visits/mo 0.3 miles

Demographics for 23508, VA

20,485
Population
7,112
Households
2.9
Avg Household Size
27
Median Age
56%
College-Educated
93%
High-School Grad
3.3 sq mi
ZIP Area
6,208
Density / Sq Mi
$74,524
Median Household Income
$24,975
Median Earnings
$1,381
Median Rent
$384,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Norfolk, VA

7.9% 2019
9.3% 2020
8.7% 2021
7.9% 2022
6.9% 2023
6.6% 2024
6.6% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail spaces available in vibrant mixed-use development near university.
Where is this shopping center located?
The property is located at 4100-4502 Monarch Way Norfolk, VA.
What are key features of this property?
This property features: Prime location adjacent to Chartway Arena at Old Dominion University.; High foot traffic from students, faculty, and event attendees.; Opportunity to join established dining tenants like Chick‑fil‑A and Panera.
More about this property
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