2041 Fisher Arch Virginia Beach, VA 23456
- Lifestyle centers
- 11,582 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 2041 Fisher Arch
- Year built
- 2022
- Property size
- 11,582 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Class A mixed-use property, located at 2041 Fisher Arch in Virginia Beach, VA 23456, presents a compelling investment opportunity. The 11,582 square foot shopping center and storefront complex, built in 2022, boasts five units and sits on a 0.81-acre lot. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $270,947, resulting in a 6.00% capitalization rate. The asking price is $4,515,798, translating to $389.90 per square foot. This NNN-leased multi-tenant property benefits from its prime location on heavily trafficked Princess Anne Road, offering excellent visibility and accessibility. Situated in the affluent Princess Anne/Red Mill/Sandbridge submarket, the property enjoys a strong demographic profile, with over 42,888 residents within a 3-mile radius and an average household income exceeding $181,337 within a 1-mile radius. Its proximity to General Booth Boulevard, the Red Mill epicenter, and the Virginia Beach Oceanfront (less than 7.5 miles) further enhances its appeal. Virginia Beach itself is a thriving city, recognized for its high quality of life, strong economy, and strategic location within the Mid-Atlantic region. This property offers a rare combination of strong financial performance, desirable location, and significant growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach City
- State
- Virginia
- Longitude
- -76.0125
- Latitude
- 36.749
