222 Central Park Ave Virginia Beach, VA 23462
For Lease
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This exceptional retail investment opportunity presents 450,000 square feet of prime retail space in the heart of Virginia Beach's Town Center, located at 222 Central Park Ave, Virginia Beach, VA 23462. The property, situated on a substantial 36-acre lot in Lower Norfolk County, offers a unique blend of established tenancy and significant vacancy, presenting a compelling opportunity for expansion or redevelopment. The center currently comprises five suites, with 80,485 square feet of vacant space available for lease, ranging from a minimum of 633 square feet to a maximum contiguous space of 19,937 square feet. This allows for flexibility to accommodate a variety of retail concepts, from small boutiques to larger flagship stores. The Town Center boasts a thriving environment, supported by a substantial daytime population, 934 residences, and the presence of prominent hotels such as The Westin and Hilton. Further enhancing its appeal is the proximity to the Sandler Center, a 1,300-seat performing arts theater, and its strategic location just 11 miles from the Virginia Beach Oceanfront and Norfolk, placing it at the center of a bustling business and shopping district. This property offers a rare chance to capitalize on a high-traffic location within a vibrant and established community. The existing infrastructure and strong surrounding demographics make this an ideal investment for both established and emerging businesses seeking a prominent presence in a prime Virginia Beach location.
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Jeff Rosen Law Firm
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Willcox Savage Law Firm
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Mark R. Baumgartner Law Firm
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Moriarty Joseph P Law Firm
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Mark E. Slaughter, Attorney at Law Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B3A · Virginia Beach, VAVirginia Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.