6542 E Virginia Beach Blvd, Norfolk, VA 23502
For Lease
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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.
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Stanley's Home Furnishings Inc Furniture & Home Goods Home Decor Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.