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    2300 Little Creek Rd Norfolk, VA 23518

    Sponsored
    For Lease
    Contact for pricing

    Norfolk, VA Neighborhood Center - Multiple Suites Available

    Lot size:
    109,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Roosevelt Gardens, a thriving 109,180 square foot neighborhood retail center in Norfolk, Virginia, presents a unique investment opportunity. Located at 2300 E Little Creek Road, this established center boasts 8.86 acres of land and is zoned C-3. The property features four suites, with a minimum divisible space of 678 square feet and a maximum contiguous space of 7,500 square feet. Currently, 16,238 square feet are available for lease. This center benefits from a strong tenant roster, including national brands like Save-A-Lot, Cato, Wells Fargo, Hibbett Sports, Dunkin' Donuts, and Pizza Hut, many of whom have enjoyed long-term success at this location – fifteen for over 10 years and six for over 20 years. Three major tenants have leases extending beyond 2024, ensuring long-term stability for the property. The center is situated in the densely populated E Little Creek submarket of Norfolk County (zip code 23518), targeting a middle-income demographic. This prime location offers excellent visibility and accessibility, making it an ideal investment for both established and emerging businesses. The property's history of success and strong tenant base make it a compelling opportunity for investors seeking a stable and profitable retail investment in a vibrant community.

    Property Features for 2300 Little Creek Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    109,180 SF

    Unit(s) available at that property

    Space
    Suite 3-2300
    Size
    1,125 SF
    Space
    Suite 9-2318
    Size
    6,935 SF
    Space
    Suite 12-2332
    Size
    7,500 SF
    Space
    Suite 7936
    Size
    678 SF

    HighLights

    • 1,125 SF former Dunkin' Donuts space available October 1, 2024.
    • 7,500 SF Its Fashion space available.
    • 6,935 SF former Med Emporium space available.
    • Strong workforce density: 132,549 military and private sector employees within a 5‑mile radius.
    • Excellent tenant mix and high daily traffic.
    • High‑density, middle‑income residential population: 87,000 residents within a 3‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dunkin' Coffee Shop Valhalla Rose Tattoo ... Tattoo And Piercing Shop Roosevelt Gardens Shopping ... Shopping Mall

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.21858
    Latitude
    36.9158666

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    FAQs

    What type of property is this?
    Neighborhood center - Norfolk, VA Neighborhood Center - Multiple Suites Available
    Where is this neighborhood center located?
    The property is located at 2300 Little Creek Rd Norfolk, VA.
    What are key features of this property?
    This property features: 1,125 SF former Dunkin' Donuts space available October 1, 2024.; 7,500 SF Its Fashion space available.; 6,935 SF former Med Emporium space available.
    Request Owner's contact information
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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
    2300 Little Creek Rd Norfolk, VA 23518
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