5161 Princess Anne Rd Virginia Beach, VA 23462
- Retail properties
- 17,948 SF
Current Use by Public Records
- Retail properties
Property Details for 5161 Princess Anne Rd
- Year built
- 2022
- Property size
- 17,948 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
The Shoppes at Kemps Landing offers exceptional Class A medical office and retail space in Virginia Beach, VA. This two-building complex, built in 2022, totals 17,948 square feet, with units ranging from 1,302 to 3,145 contiguous square feet. Currently, 4,308 square feet is available for lease. The property boasts a prime location at 5161 Princess Anne Rd, near the intersection of S. Witchduck Road, experiencing high traffic counts of 30,000 vehicles per day. Its strategic location provides excellent visibility and accessibility. The center is anchored by established businesses including Starbucks, Gran Patron Mexican Restaurant, I Heart Mac & Cheese, Yomi Japanese Hibachi & Sushi, Onward Physical Therapy, and Vogue Lashes & Spa, indicating strong tenant demand and a thriving commercial environment. A pad site is also available for sale ($950,000 with a $300,000 infrastructure contribution) or lease ($125,000 annually with escalations). The property is less than a quarter-mile from I-264, offering convenient access to major transportation routes. This property is ideal for medical practices or other businesses seeking a high-traffic, visible location in a rapidly growing area of Virginia Beach. The property is situated in Virginia Beach, Virginia, within Virginia County, zip code 23462.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia
- State
- Virginia
- Longitude
- -76.1609
- Latitude
- 36.8262
