7912 Halprin Dr Norfolk, VA 23518

This 12,110 square foot vacant retail building, formerly a Rite Aid, is situated on a prominent corner lot at the intersection of Halprin Drive and East Little Creek Road in Norfolk, Virginia. The property boasts a high-traffic location, with over 30,000 vehicles passing daily, and is outparceled to the Roosevelt Gardens Shopping Center, anchored by national tenants such as Wells Fargo, Dunkin’ Donuts, and Pizza Hut. The building features a two-lane drive-thru and ample parking, and sits on a 1+ acre lot (over 47,000 square feet). Its strategic location benefits from proximity to major retailers including Walmart, 7-Eleven, and numerous fast-food restaurants, as well as Norfolk International Airport. The property is ideally positioned between the Norfolk Naval Station and Chesapeake Bay, a major east-west thoroughfare connecting the Virginia Port Authority with the Little Creek Fort Story Joint Expenditure Base. The strong local demographics, with over 84,000 people within a 3-mile radius and over 310,000 within a 15-minute drive, present a significant market opportunity. Built in 2001, this property offers a compelling investment opportunity with significant potential for value-add. The asking price is $2,400,000, with a price per square foot of $198.18. Multiple points of ingress and egress enhance accessibility. This is a rare opportunity to acquire a high-visibility retail property in a thriving Norfolk location.