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Shopping Center Outparcel Retail Space
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5705 Lynnhaven Pkwy, Virginia Beach, VA 23464

High-visibility outparcel retail space with clear signage at the front and back of each suite plus pylon signs at entrances.

Property Size1,276 SF
Lot Size1.00 Acre
Days on Market381

Property Features for 5705 Lynnhaven Pkwy

General Information

Standard status Active
Size 1,276 SF
Lot size 1.00 Acre
Property subtype RETAIL
Lease Type SF/yr

Additional Details

Space Use Retail

Amenities

suite signage
pylon signage

Building Details

Tenancy Multi
Listing Agency: Colliers | Norfolk
Listed By: Tyler Brooks · License #VIRGINIA0225202191
Source: Moodyscre
Added: Jul 15, 2025 Changed: Jul 30 Last Checked: Jul 30 at 1:54AM

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.

This shopping center outparcel offers retail leasing opportunity on a 1 acre site, with up to 10,500 SF of lease space available. The retail component is linked to a 226-unit apartment complex, supporting consistent customer draw for neighborhood shopping needs.

The property is positioned for visibility at the intersection of Lynnhaven Parkway and Centerville Turnpike. Suite-level signage is a key feature, with clear signage located at the front and back of each suite. Additional pylon signs are provided at entrances to improve wayfinding and roadside recognition.

With prominent intersection exposure and dedicated suite and monument signage, this configuration is designed to help retail tenants establish brand presence and customer access directly from the main frontage.

Key Highlights

  • 1 acre outparcel for retail leasing
  • Up to 10,500 SF lease space available
  • Visibility at the intersection of Lynnhaven Parkway and Centerville Turnpike

Property Analytics

Current Use

Learn With Me ... Daycare Center Pourfavor Coffee Shop ... Cafe & Coffee Shop Anytime Fitness Gym & Fitness Center Total Access Fitness Gym & Fitness Center Homes by Latisha Real Estate Agency

Suggested Use

Top Pick Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Restaurant Skin Care Clinic

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

249
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Royal Farms Shops & Services
22,449 visits/mo 0.1 miles

Demographics for 23464, VA

75,118
Population
29,267
Households
2.6
Avg Household Size
38
Median Age
38%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
4,498
Density / Sq Mi
$89,790
Median Household Income
$49,794
Median Earnings
$1,644
Median Rent
$339,300
Median Home Value

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
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - High-visibility outparcel retail space with clear signage at the front and back of each suite plus pylon signs at entrances.
Where is this shopping center located?
The property is located at 5705 Lynnhaven Pkwy Virginia Beach, VA.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 1 acre outparcel for retail leasing; Up to 10,500 SF lease space available; Visibility at the intersection of Lynnhaven Parkway and Centerville Turnpike
(757) 213-8110 Call to check price and availability
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