1988 Fisher Arch Virginia Beach, VA 23456
This exceptional new construction office building, completed in 2024, offers a prime opportunity for businesses seeking flexible and modern workspace in Virginia Beach's thriving Red Mill Trade area. Located at 1988 Fisher Arch, zip code 23456, the property boasts a total of 21,600 square feet, divisible into units as small as 1,200 square feet, with the possibility of leasing the entire building contiguously. The building features a two-story design and provides ample parking with 103 spaces. The property's strategic location offers excellent visibility and accessibility, situated next to established businesses such as Tractor Supply, Anderson's Garden Center, and Food Lion, ensuring high traffic and convenient access for employees and clients. The area benefits from strong demographics and high traffic counts, with 14,000 vehicles per day passing along Princess Anne Road and Sandbridge Road. Monument signage ensures prominent visibility for tenants. The building is ideally situated to serve the nearby Lago Mar, Sandbridge, Ashville Park, and Red Mill residential communities. This versatile space is suitable for a variety of office uses, including traditional, executive, medical, and creative office settings. Currently, the entire 21,600 square feet is available for lease.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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