Listing Agency: Pembroke Realty Group Show Phone

Listed By: Lenny Burns · License #0225192904

Source: Moodyscre

Added: Jun 10, 2024 Changed: Jul 6 Last Checked: Jul 21 at 4:00AM

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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

Investment Insights

Based on property information with market context.

This office space, encompassing 3,855 square feet, offers convenient access to I-264 and the Virginia Beach Courthouse via Edwin Drive to Princess Anne Road. The property benefits from ingress and egress at a traffic signal located on Edwin Drive.

Key Highlights

• Easy access to I‑264
• Access to Virginia Beach Courthouse
• Ingress/egress at traffic signal

Property Analytics

Property Profile

Current Use

Lewis Robin J ... Physician Geranameo Bullock Physician Nicholas Jones Physician Jacquetta Garris Physician Byler Enterprises Property Management Company

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Restaurant Electrical Service

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

1,123

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Virginia Beach, VA

$27.29 /SF/Yr

Avg Asking Price

$0.8–$195 /SF/Yr

Price Range

7,562 SF

Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office space with easy access to I-264.

Where is this office units located?

The property is located at 505 S Independence Blvd Virginia Beach, VA.

What are key features of this property?

This property features: Easy access to I‑264; Access to Virginia Beach Courthouse; Ingress/egress at traffic signal