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Property profile & analytics
FOR LEASE
Community centers

880 S Military Hwy Virginia Beach, VA 23464

9,537 SF 12.73 ac lot Built 1966
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US87-0659790
880 S Military Hwy, Virginia Beach, VA 23464 For Lease
$12 SF/Yr 7,344 SF available
880 S Military Hwy, Virginia Beach, VA 23464
View Listing →
Property summary
AI-generated overview

This prime retail opportunity, located at 880 S Military Hwy in Virginia Beach, VA 23464, presents a significant investment prospect within the Indian River Shopping Center. The center boasts a total of 128,017 square feet of retail space, offering multiple tenancy options. Currently, there is 48,080 square feet of vacant space available, with a minimum divisible unit of 22,330 square feet and a maximum contiguous space of 25,750 square feet. One immediately available space totals 7,344 square feet, ideal for a variety of retail uses. The property's strategic location on S Military Highway ensures high visibility and accessibility, attracting a substantial customer base. This is an exceptional chance to establish or expand a retail presence in a thriving Virginia Beach commercial hub. The property's size and flexibility make it suitable for a single large tenant or multiple smaller businesses. Detailed floor plans and lease terms are available upon request. Don't miss this chance to secure a prominent position in this established shopping center. Contact us today to learn more about this exciting opportunity.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1966
Construction TYPE NOT SPECIFIED
Total area 9,537 SF
Lot 12.73 ac (554,606 SF)
Zoning code B2
APN 14562403890000
UPID US87-0659790
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
  • Burlington Department Store Discount Store
  • Western Union Bank Credit Union
  • Coinstar Kiosk | Bitcoin ATM Kiosk Atm
  • It's Fashion Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.15M
CAP Approach CAP
$2.15M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.57M
Owner & transaction history
Jfs Real Estate LLC · 4 yrs held
Jfs Real Estate LLC
since 2022
Last sale
$2.9M
4 recorded transactions
2022
$2.9M
2022
Price N/A
2022
$3.1M
2008
Price N/A
Zoning & alternative use
B2 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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