5020 Ferrell Pkwy Virginia Beach, VA 23464

44,762 SF 4.42 ac lot Built 1998

Individually Owned 1-yr Hold Absentee Owner Free & Clear

Property ID

US87-1334989

$4,615,000 44,762 SF

5020 Ferrell Pkwy, Virginia Beach, VA 23464
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Parkway Marketplace, a newly renovated retail center in Virginia Beach, offers exceptional opportunities for businesses seeking high-traffic locations. This Food Lion-anchored center boasts a prime location on heavily trafficked Ferrell Parkway (48,225 vehicles per day), placing your business in the heart of a densely populated area with high average household incomes. The center comprises 37,804 square feet and currently features two available spaces. A fully built-out 2,200 square foot salon space is ready for immediate occupancy, while a larger 11,202 square foot space (formerly occupied by Rite Aid) presents significant potential for customization. The minimum divisible space is 2,200 square feet, with a maximum contiguous space of 11,202 square feet. The center enjoys a diverse tenant mix, including national retailers such as Gamestop, GNC, Supercuts, and Chartway, alongside a variety of local businesses offering grocery, restaurant, salon, financial, and service options. High visibility is ensured through panel signage available on the Ferrell Parkway pylon. This is an exceptional opportunity to establish or expand your business in a thriving Virginia Beach retail environment. The property is located in Virginia Beach County. Currently, 13,402 square feet of space is vacant.