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Mixed-Use Development

4554 Virginia Beach Boulevard, Virginia Beach, VA 23462

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Planned additions include a senior living center, hotel, and 322 apartments.

Space Size588,421 SF
Days on Market33

Property Features for 4554 Virginia Beach Boulevard

General Information

Standard status Active
Size 588,421 SF
Property subtype Retail

Spaces For Lease

at 4554 Virginia Beach Boulevard Contact us

#1 Active

Size 588,421 SF
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Whole Building Active

Size 588,421 SF
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Listing Agency: Pembroke Realty Group
Listed By: Lenny Burns · License VA #0225192904
Source: Crexi
Added: Oct 8 Changed: Nov 8 Last Checked: Nov 8 at 5:38PM

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 Pembroke Realty Group

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Investment Insights

Based on property information with market context.

Pembroke Square is a mixed-use property in Virginia Beach’s Town Center and Central Business District. Redevelopment plans call for a senior living center, a hotel identified as Temp/Homewood Suites, and 322 apartments. The development also has a retail and restaurant lineup that includes Target, Kohl’s, Nordstrom Rack, REI, Fresh Market, Old Navy, DSW Shoes, Rack Room Shoes, Bath & Body Works, Bahama Breeze, Jason’s Deli, Macaroni Grill, and Smokey Bones. Latitude, a rock wall climbing experience, is also among the named businesses.

The property is situated at the intersection of Virginia Beach Boulevard and an unnamed cross street. Its address is 4554 Virginia Beach Boulevard, Virginia Beach, VA 23462.

Key Highlights

  • Redevelopment plans include a senior living center, hotel, and 322 apartments
  • Retailers include Target, Kohl’s, Nordstrom Rack, REI, and Fresh Market
  • On‑site dining includes Bahama Breeze, Jason’s Deli, Macaroni Grill, and Smokey Bones

Property Analytics

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Open Analytics

Current Use

J.Crew Factory Clothing & Fashion Store Bahama Breeze Restaurant Sport Clips Haircuts ... Hair Salon CVS Pharmacy Pharmacy John Durst Seago Physician

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Garden Center 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,253
Businesses Nearby
926k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 37% Shops & Services 16% Apparel 14% Superstores 13%
Target Superstores
123,938 visits/mo 0.1 miles
Wegmans Groceries
95,993 visits/mo 0.4 miles
Kohl's Apparel
56,671 visits/mo 0.1 miles
Chick-fil-A Dining
50,822 visits/mo 0.4 miles
Michaels Shops & Services
44,344 visits/mo 0.3 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

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Planned additions include a senior living center, hotel, and 322 apartments.
Where is this mixed-use property located?
The property is located at 4554 Virginia Beach Boulevard Virginia Beach, VA.
What are key features of this property?
This property features: Redevelopment plans include a senior living center, hotel, and 322 apartments; Retailers include Target, Kohl’s, Nordstrom Rack, REI, and Fresh Market; On‑site dining includes Bahama Breeze, Jason’s Deli, Macaroni Grill, and Smokey Bones
(757) 490-3141 · Office Call to check price and availability
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