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    19th St & Pacific Ave Virginia Beach, VA 23451

    Sponsored
    For Lease
    $25 SF/Yr

    Virginia Beach Oceanfront: Prime Retail Opportunity

    Lot size:
    230,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Atlantic Park presents a unique investment opportunity in the heart of Virginia Beach's Oceanfront Resort area. This brand-new, two-story retail and restaurant building, completed in 2025, offers 230,000 square feet of space on a 10-acre site. The property boasts a single building with multiple suites, currently featuring 36,000 square feet of vacant space divisible into units as small as 1,000 square feet, with a maximum contiguous space of 36,000 square feet. The building includes elevators and is situated on Pacific Avenue, benefiting from high visibility and foot traffic. The property's zoning is designated as Oceanfront Resort, reflecting its prime location within a vibrant mixed-use development. This development includes a wave garden, a 3,500-capacity entertainment venue, and other experiential attractions, ensuring high traffic and diverse clientele. The property's APN numbers are 2427-17-0853, 2427-07-9524, 2427-17-0516, and 2427-17-2611. This is an exceptional opportunity to establish a presence in a dynamic and rapidly growing area of Virginia Beach. The building's modern design and prime location make it ideal for a variety of retail and restaurant concepts. The large contiguous space allows for flexibility in tenant configuration, catering to both large and small businesses. Don't miss this chance to be part of a thriving oceanfront destination.

    Property Features for 19th St & Pacific Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    230,000 SF
    Total Rate
    479166.67

    Building Details

    Year Built/Renovated
    2025/2025
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    36,000 SF
    Rate per SF
    $25

    HighLights

    • 230,000 SF retail/restaurant space in Virginia Beach's Oceanfront Resort area.
    • 10‑acre site with a new 2025 construction, offering 1,000‑36,000 SF divisible spaces.
    • Currently, 36,000 SF of vacant space is available.
    • Two‑story building with elevators, located near Pacific Avenue.
    • Oceanfront Resort zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -75.976098745316
    Latitude
    36.847254770347

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    FAQs

    What type of property is this?
    Restaurant - Virginia Beach Oceanfront: Prime Retail Opportunity
    Where is this restaurant located?
    The property is located at 19th St & Pacific Ave Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 230,000 SF retail/restaurant space in Virginia Beach's Oceanfront Resort area.; 10-acre site with a new 2025 construction, offering 1,000-36,000 SF divisible spaces.; Currently, 36,000 SF of vacant space is available.
    Request Owner's contact information
    19th St & Pacific Ave Virginia Beach, VA 23451
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    Virginia Beach, VA 23451
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19th St & Pacific Ave Virginia Beach, VA 23451
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