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New Mixed-Use Development
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928 Diamond Springs Road, Virginia Beach, VA 23455

New development at a signalized intersection combining retail, office, apartment, and townhome components.

Space Size1,270 SF
Property Size24,000 SF
Days on Market49

Property Features for 928 Diamond Springs Road

General Information

Standard status Active
Size 1,270 SF
Property subtype Retail, Office

Additional Details

Space Use Office
Road Access Yes

Building Details

Tenancy Multiple
Building Size 24,000 SF

Spaces For Lease

at 928 Diamond Springs Road Contact us

#1

Type
Retail
Availability
Active
Contact us

#2

Size
1,270 SF
Type
Retail
Availability
Active
Contact us

#3

Type
Office
Availability
Active
Contact us
Listing Agency: Parker Burnell Real Estate Group
Listed By: Jay Burnell · License #0225051316
Source: Crexi
Added: Jul 14 Changed: Aug 30 Last Checked: Aug 30 at 3:14AM

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 Parker Burnell Real Estate Group

Investment Insights

Based on property information with market context.

Wintzer at Wesleyan is a new mixed-use development planned for the former Cypress Point Shopping Center site. The project is designed to combine retail space with a 24,000 SF office building, 345 apartments, and 22 townhomes.

The property occupies the signalized intersection of Diamond Springs Road and Wesleyan Drive in Virginia Beach’s Newtown/Cypress Point submarket. Diamond Springs Road and Wesleyan Drive each carry 21K VPD, providing access from two established roadways. The development’s mix of commercial and residential components creates a broad project profile within the surrounding redevelopment area.

Key Highlights

  • New mixed‑use development at the former Cypress Point Shopping Center site
  • 24,000 SF office building planned within the project
  • 345 apartments and 22 townhomes included

Property Analytics

Current Use

Cypress Point Shopping ... Shopping Center & Mall Michelle Cruz Physician Amanda L. Bliek, ... Physician Noelle C. Nolan, ... Physician Hong Kong House Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Dental Office Law Firm Big Box & Wholesale Store

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

Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

312
Businesses Nearby

Demographics for 23455, VA

50,599
Population
22,286
Households
2.3
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
3,329
Density / Sq Mi
$88,223
Median Household Income
$49,119
Median Earnings
$1,610
Median Rent
$397,700
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - New development at a signalized intersection combining retail, office, apartment, and townhome components.
Where is this mixed-use property located?
The property is located at 928 Diamond Springs Road Virginia Beach, VA.
What are key features of this property?
This property features: New mixed‑use development at the former Cypress Point Shopping Center site; 24,000 SF office building planned within the project; 345 apartments and 22 townhomes included
(757) 222-0111 Call to check price and availability
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