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    1423 Great Neck Rd Virginia Beach, VA 23454

    For Lease
    $12 SF/Yr

    Great Neck Retail/Office Opportunity

    Lot size:
    23,152 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Mill Dam Crossing, located at 1423 N Great Neck Rd in Virginia Beach, VA 23454, presents a unique opportunity for businesses seeking high-visibility retail or office space. This two-story, mixed-use development offers a total of 23,152 square feet, with 10,756 square feet currently vacant. The property boasts a convenient location in the heart of Great Neck, providing excellent access to major thoroughfares like I-264 and Shore Drive, ensuring high traffic volume and visibility. The building is configured to accommodate multiple tenants, with a minimum divisible space of 5,378 square feet and a maximum contiguous space of 5,378 square feet, making it ideal for a variety of business needs. The property's strategic location within Virginia County offers significant advantages for businesses seeking to establish a presence in a thriving commercial area. The building's mixed-use nature allows for a diverse tenant mix, creating a vibrant and dynamic environment. This is an exceptional opportunity to secure prime commercial space in a high-demand location. The property's size and layout offer flexibility for businesses of various sizes, and its convenient location ensures easy access for customers and employees. Don't miss this chance to establish your business in a thriving Virginia Beach community. Contact us today to learn more about leasing opportunities at Mill Dam Crossing.

    Property Features for 1423 Great Neck Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,152 SF
    Total Rate
    23152

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    200
    Size
    5,378 SF
    Rate per SF
    $12
    Space
    201
    Size
    5,378 SF
    Rate per SF
    $12

    HighLights

    • Two‑story mixed‑use building.
    • Prime Great Neck location.
    • Strong tenant mix including Havana Restaurant, Alpine Chiropractic, and Papa John's.
    • Excellent access to I‑264 and Shore Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Havana Cuban Restaurant Papa John's Pizza Pizza Restaurant Garrett Wellness & Support Wellness Center Rich Grado Music ... Guitar Instructor Mill Dam Crossing 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
    Virginia Beach
    County
    Virginia
    State
    Virginia
    Longitude
    -76.0431119
    Latitude
    36.879055

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    FAQs

    What type of property is this?
    Office Property / Space - Great Neck Retail/Office Opportunity
    Where is this office property / space located?
    The property is located at 1423 Great Neck Rd Virginia Beach, VA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Two-story mixed-use building.; Prime Great Neck location.; Strong tenant mix including Havana Restaurant, Alpine Chiropractic, and Papa John's.
    Request Owner's contact information
    1423 Great Neck Rd Virginia Beach, VA 23454
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    Virginia Beach, VA 23454
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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
    1423 Great Neck Rd Virginia Beach, VA 23454
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