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Property profile & analytics
OFF-MARKET
Lifestyle centers

1817 Little Creek Rd Norfolk, VA 23518

137,834 SF
Property ID
Property summary
AI-generated overview

Wedgewood Plaza, located at 1817 E Little Creek Rd, Norfolk, VA 23518, presents a compelling retail investment opportunity. This 137,834 square foot shopping center boasts a prime location on busy East Little Creek Road, experiencing over 22,000 vehicles daily. The center is anchored by established national tenants, Big Lots and Marshalls, providing strong co-tenancy and attracting significant foot traffic. Two spaces are currently available, offering flexible sizes ranging from a minimum of 1,200 square feet to a maximum contiguous space of 1,440 square feet. A total of 2,640 square feet of vacant space is currently available for lease. This location benefits from a dense population base, with over 217,000 people residing within a five-mile radius. The proximity to the Norfolk Naval Station and several universities further enhances the property's appeal, ensuring a consistent flow of potential customers. This is an exceptional opportunity to establish or expand a retail presence in a thriving Norfolk community. The property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. Serious inquiries are encouraged to explore this promising investment.

Property profile
Verified
Property type Lifestyle centers
Total area 137,834 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • DaVita Little Creek Dialysis Medical Clinic
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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