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Retail Space on Shore Drive
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2993 Shore Dr, Virginia Beach, VA 23451

Retail space in high-traffic area near Virginia Beach Oceanfront.

Space Size3,000 SF
Days on Market1200

Property Features for 2993 Shore Dr

General Information

Standard status Active
Size 3,000 SF
Property subtype Retail

Building Details

Building Size 3,000 SF
Tenancy Single

Spaces For Lease

at 2993 Shore Dr Contact us

Available Space

Size
3,000 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Colliers - Norfolk, Virginia
Listed By: Tyler Brooks · License #Virginia 0225202191
Source: Crexi
Added: May 24, 2023 Changed: Aug 13 Last Checked: Sep 1 at 12:26AM

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, Virginia

Investment Insights

Based on property information with market context.

This retail space is located on Shore Drive (Route 60), a primary access route to the Virginia Beach Oceanfront and a major commuter thoroughfare to I-64. Situated along the Chesapeake Bay, Shore Drive features high-end residential communities and high-rise dwellings. The location benefits from a customer base of commuters, visitors, military personnel from Fort Story and Little Creek Amphibious Base, and local residents. The area is known for successful restaurants within the Hampton Roads region.

Key Highlights

  • Prime location on Shore Drive (Route 60), a major gateway to Virginia Beach Oceanfront
  • High traffic corridor for commuters and access to I‑64
  • Proximity to pristine Chesapeake Bay beaches

Property Analytics

Current Use

BB&T Loan Service

Suggested Use

Top Pick Law Firm Parking Lot & Garage Building Supply Bakery Plumbing Service Auto Repair Shop

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

575
Businesses Nearby
52k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 48% Shops & Services 40% Groceries 9% Hotels & Casinos 1%
7-Eleven Shops & Services
7,993 visits/mo 0.2 miles
Tropical Smoothie Cafe Dining
5,371 visits/mo 0.4 miles
Dunkin' Donuts Dining
5,331 visits/mo 0.2 miles
Wells Fargo Shops & Services
5,167 visits/mo 0.5 miles
Guadalajara Dining
5,152 visits/mo 0.3 miles

Demographics for 23451, VA

44,879
Population
24,897
Households
1.8
Avg Household Size
41
Median Age
57%
College-Educated
97%
High-School Grad
19.8 sq mi
ZIP Area
2,267
Density / Sq Mi
$97,945
Median Household Income
$57,472
Median Earnings
$1,697
Median Rent
$591,300
Median Home Value

Market

Lease Benchmarks for Virginia Beach, VA

$17.75 /SF/Yr
Avg Asking Price
$12–$20 /SF/Yr
Price Range
4,661 SF
Avg Space Size

Vacancy Rate% for Retail in South region

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

What type of property is this?
Retail space - Retail space in high-traffic area near Virginia Beach Oceanfront.
Where is this retail space located?
The property is located at 2993 Shore Dr Virginia Beach, VA.
What are key features of this property?
This property features: Prime location on Shore Drive (Route 60), a major gateway to Virginia Beach Oceanfront; High traffic corridor for commuters and access to I‑64; Proximity to pristine Chesapeake Bay beaches
(757) 630-0249 Call to check price and availability
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