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    2293 Upton Dr Virginia Beach, VA 23454

    For Lease
    Contact for pricing

    Freestanding Retail Building, High Traffic

    Lot size:
    14,738 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 14,738-square-foot freestanding retail building presents a unique investment opportunity. Located at 2293 Upton Drive, this single-tenant property boasts a prime location at a signalized intersection of Upton Drive and Princess Anne Road, benefiting from high visibility and significant traffic volume. Daily traffic counts reach 19,936 vehicles on Upton Drive and 16,432 vehicles on Princess Anne Road. The building includes a convenient drive-thru. Situated within a Target-anchored community center in the expanding Red Mill trade area, this property enjoys strong demographics, including high household incomes and substantial residential growth. Its strategic placement across from Sandbridge Commons, a Harris Teeter-anchored neighborhood center, further enhances its appeal. The property features prominent monument signage ensuring excellent visibility to potential customers. Units start at approximately 1,544 square feet, offering flexibility for various retail concepts. The entire 14,738 square feet is currently vacant, providing a blank canvas for a new tenant or a significant expansion opportunity. This property offers a compelling combination of location, visibility, and size, making it an ideal investment for discerning buyers.

    Property Features for 2293 Upton Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,738 SF

    Unit(s) available at that property

    Space
    Size
    14,738 SF

    HighLights

    • 14,738 SF freestanding retail building with drive‑thru, situated at a signalized intersection of Upton Dr. and Princess Anne Rd.
    • Located in a Target‑anchored community center within the growing Red Mill trade area.
    • Across from Sandbridge Commons, a Harris Teeter‑anchored neighborhood center.
    • High traffic counts: 19,936 VPD on Upton Dr. and 16,432 VPD on Princess Anne Rd.
    • Excellent visibility with monument signage at a signalized intersection.
    • Strong household incomes and significant residential growth in the area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy James Baccellieri Pharmacy Christine Cronin Pharmacy Amy Rodriguez Pharmacy Amazon Hub Locker ... Mailing Service

    Suggested Use

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

    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
    -76.009239533412
    Latitude
    36.752709354647

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    FAQs

    What type of property is this?
    Individual retail property - Freestanding Retail Building, High Traffic
    Where is this individual retail property located?
    The property is located at 2293 Upton Dr Virginia Beach, VA.
    What are key features of this property?
    This property features: 14,738 SF freestanding retail building with drive-thru, situated at a signalized intersection of Upton Dr. and Princess Anne Rd.; Located in a Target-anchored community center within the growing Red Mill trade area.; Across from Sandbridge Commons, a Harris Teeter-anchored neighborhood center.
    Request Owner's contact information
    2293 Upton Dr 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
    2293 Upton Dr Virginia Beach, VA 23454
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