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Property profile & analytics
FOR LEASE
Community centers

687 Lynnhaven Pkwy Virginia Beach, VA 23452

7,957 SF 1.2 ac lot Built 2013
Entity Owned 22-yr Hold Absentee Owner Free & Clear
Property ID
US87-0822877
Property summary
AI-generated overview

This exceptional 1,140 square foot retail space is ideally situated at 687 Lynnhaven Parkway, Suite 120, in Virginia Beach, VA 23452. Located within the vibrant Lynnhaven Mall Retail Corridor, this single-tenant property offers unparalleled visibility and accessibility. Its prime location places it directly adjacent to Olive Garden and in close proximity to a multitude of national retailers and restaurants, including Jersey Mike's, Five Guys, Noodles & Company, Starbucks, Walmart, Burger King, Pop's Diner, AT&T, and Jimmy John's. The entire building encompasses 7,957 square feet, providing ample space for potential expansion or neighboring businesses. This property presents a fantastic opportunity for businesses seeking high foot traffic and a strong presence in a thriving retail environment. The address is easily accessible and benefits from excellent visibility along Lynnhaven Parkway. The space is currently vacant and ready for immediate occupancy, making it an attractive option for businesses looking to establish or expand their operations in a desirable Virginia Beach location. This is a rare opportunity to secure a prime retail space in a high-demand area. Contact us today to learn more about this exceptional property.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 2013
Construction TYPE NOT SPECIFIED
Total area 7,957 SF
Lot 1.2 ac (52,477 SF)
Zoning code I1
APN 14964778910000
UPID US87-0822877
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
  • Noodles and Company Restaurant
  • Five Guys Restaurant Take-out & Catering
  • First Virginia Loan Service
  • Jersey Mike's Subs Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$617k
Blend (final) Blend
$955k
Owner & transaction history
Sears Roebuck & Co · 22 yrs held
Sears Roebuck & Co
since 2004
3 recorded transactions
2013
Price N/A
2004
Price N/A
1969
Price N/A
Zoning & alternative use
I1 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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