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    OFF-MARKET
    Retail properties & Spaces

    6135 Virginia Beach Blvd, Norfolk, VA 23502

    10,908 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 10,908 square foot retail space, formerly a Rite Aid pharmacy, presents a unique investment opportunity in a high-traffic location. Situated at 6135 E Virginia Beach Blvd in Norfolk, VA 23502, this vacant property benefits from its prominent corner location at a signalized intersection. The building enjoys exceptional visibility and accessibility, boasting high daily traffic counts. Virginia Beach Boulevard sees approximately 46,000 vehicles per day, while the adjacent Hampton Roads Beltway registers an impressive 174,000 vehicles per day. This strategic location offers unparalleled exposure to a substantial consumer base. Further enhancing its appeal, the property is situated directly adjacent to the Sentara Leigh Hospital campus, ensuring a consistent flow of potential customers. The surrounding area boasts a dense population, with approximately 100,000 people residing within a three-mile radius, providing a strong foundation for a thriving business. The property's previous use as a pharmacy suggests suitability for a variety of retail uses, making it an attractive prospect for a wide range of potential tenants. This prime retail space offers significant potential for growth and profitability in a vibrant and densely populated area. The property is currently vacant and ready for immediate occupancy.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 10,908 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
    • Sherri Davis Pharmacy
    • Raluca Rusanescu Pharmacy
    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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