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    2720 Mall Dr Virginia Beach, VA 23452

    For Lease
    Contact for pricing

    Virginia Beach retail spaces available.

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity is located within the 173,191 square foot Lynnhaven North Shopping Center in Virginia Beach, VA. Two spaces are available, ranging from 1,250 to 1,750 square feet. The center is situated on approximately 16.76 acres and enjoys a prime location adjacent to the highly successful Lynnhaven Mall, benefiting from shared access and visibility with major retailers. The center boasts a diverse tenant mix, including national brands like The Tile Shop and Dollar Tree, and is currently 98% leased. This infill location serves a densely populated trade area with over 243,000 residents within a five-mile radius, exhibiting an average household income exceeding $84,000. The property benefits from excellent accessibility, bordered by Lynnhaven Mall, Naval Base Oceana, Lynnhaven Parkway (47,000 vehicles per day), and I-264. Significant capital improvements have been made to the property, enhancing its appeal and functionality. This presents a rare opportunity to establish a presence in a thriving retail hub with high barriers to entry. The property's address is 2720 N Mall Dr, Virginia Beach, VA 23452.

    Property Features for 2720 Mall Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF

    Unit(s) available at that property

    Space
    Suite 2720-188
    Size
    1,250 SF
    Space
    Suite 2720-132A
    Size
    1,750 SF

    HighLights

    • Prime location in Virginia Beach's top retail area, adjacent to the 1.17M SF Lynnhaven Mall.
    • Less than 1.5 miles from I‑264, equidistant between the oceanfront and Virginia Beach Town Center.
    • High‑traffic tourist destination attracting over 19 million visitors annually, generating over $2.45 billion in tourism spending.
    • Strong demographics: over 243,000 residents within a 5‑mile radius, with average home values exceeding $330,000.
    • Anchored by national and regional retailers including Rainbow, The Tile Shop, Goodwill, and Plato's Closet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Plato's Closet Thrift Store Legacy Sports Barbershop Barber Shop Jazzercise Lynnhaven Fitness ... Gym Music Go Round ... Used Musical Instrument Store Book Exchange - Lynnhaven Used Book Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.0700758
    Latitude
    36.8210003

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    FAQs

    What type of property is this?
    Retail property - Virginia Beach retail spaces available.
    Where is this retail property located?
    The property is located at 2720 Mall Dr Virginia Beach, VA.
    What are key features of this property?
    This property features: Prime location in Virginia Beach's top retail area, adjacent to the 1.17M SF Lynnhaven Mall.; Less than 1.5 miles from I-264, equidistant between the oceanfront and Virginia Beach Town Center.; High-traffic tourist destination attracting over 19 million visitors annually, generating over $2.45 billion in tourism spending.
    Request Owner's contact information
    2720 Mall Dr Virginia Beach, VA 23452
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    Virginia Beach, VA 23452
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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
    2720 Mall Dr Virginia Beach, VA 23452
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