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    880 Military Hwy Virginia Beach, VA 23464

    For Lease
    $12 SF/Yr

    High-traffic retail space available now.

    Lot size:
    128,017 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This prime retail opportunity, located at 880 S Military Hwy in Virginia Beach, VA 23464, presents a significant investment prospect within the Indian River Shopping Center. The center boasts a total of 128,017 square feet of retail space, offering multiple tenancy options. Currently, there is 48,080 square feet of vacant space available, with a minimum divisible unit of 22,330 square feet and a maximum contiguous space of 25,750 square feet. One immediately available space totals 7,344 square feet, ideal for a variety of retail uses. The property's strategic location on S Military Highway ensures high visibility and accessibility, attracting a substantial customer base. This is an exceptional chance to establish or expand a retail presence in a thriving Virginia Beach commercial hub. The property's size and flexibility make it suitable for a single large tenant or multiple smaller businesses. Detailed floor plans and lease terms are available upon request. Don't miss this chance to secure a prominent position in this established shopping center. Contact us today to learn more about this exciting opportunity.

    Property Features for 880 Military Hwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    128,017 SF
    Total Rate
    128017

    Unit(s) available at that property

    Space
    Unit 3
    Size
    7,344 SF
    Rate per SF
    $12

    HighLights

    • 128,017 SF retail center in Virginia Beach, VA.
    • Located at the intersection of Norfolk and Chesapeake.
    • Excellent access to I‑64 and I‑264.
    • High visibility with lighted entrances on S. Military Hwy and Indian River Rd, plus oversized monument signage.
    • Strong tenant mix including Food Lion, Burlington, and It's Fashion Metro.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Burlington Clothing Store Western Union Money Transfer Service Coinstar Kiosk | Bitcoin ... Atm It's Fashion Clothing Store

    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 Beach City
    State
    Virginia
    Longitude
    -76.2136907
    Latitude
    36.8151643

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space available now.
    Where is this retail property located?
    The property is located at 880 Military Hwy 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: 128,017 SF retail center in Virginia Beach, VA.; Located at the intersection of Norfolk and Chesapeake.; Excellent access to I-64 and I-264.
    Request Owner's contact information
    880 Military Hwy Virginia Beach, VA 23464
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    Virginia Beach, VA 23464
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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
    880 Military Hwy Virginia Beach, VA 23464
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