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    FOR LEASE
    Commercial real estate

    6542 E Virginia Beach Blvd, Norfolk, VA 23502

    22,231 SF 0.5 ac lot Built 1960
    Entity Owned 1-yr Hold
    Property ID
    US87-3400029
    Property summary
    AI-generated overview

    This exceptional 22,231-square-foot retail property, located at 6542 E Virginia Beach Blvd in Norfolk, Virginia, presents a compelling investment opportunity. Built in 1960 and situated on a half-acre lot, this Class C building boasts a prominent location with excellent visibility and accessibility from Virginia Beach Boulevard (27,000 vehicles per day), approximately 0.7 miles from I-264 and 1.4 miles from I-64. The property benefits from a C-C (Corridor Commercial) zoning designation, permitting a wide range of uses including retail, office, service, food service, and healthcare. The open floor plan offers considerable flexibility for various tenants. Key features include 400 AMP, 3-phase electric service and natural gas availability. An existing 18-foot-high road sign is likely grandfathered. The property is immediately available and enjoys close proximity to major retailers such as Checkered Flag Honda, Rick Hendrick Cadillac/Chevrolet, Costco, and BJ's Wholesale Club, as well as Sentara Leigh Hospital and Sentara Brock Cancer Center. This is a rare chance to acquire a well-positioned retail space in a high-traffic area with strong surrounding businesses and medical facilities. The asking price is $1,750,000, and the lease type is NNN (Net, Net, Net). The property is a single-tenant building.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1960
    Total area 22,231 SF
    Lot 0.5 ac (21,780 SF)
    UPID US87-3400029
    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
    • Stanley's Home Furnishings Inc Furniture & Home Goods Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    3punjabis Enterprises LLC · 1 yrs held
    3punjabis Enterprises LLC
    since 2025
    1 recorded transaction
    2025
    $1.2M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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