Contacts
Colliers
Colliers
Property Details
- Property Type Office - General Office
- Lot Size 0.27 SF
- Parking Spaces Avail. 22
- Year Built 1977
- Date Updated Sep 18, 2025
This two-story, ±8,740 square foot office building is 100% leased to multiple stable tenants, providing immediate cash flow with a Year 1 Net Operating Income (NOI) of $144,226, reflecting a strong cap rate of over 10%. Built in 1977 and zoned B-2 Community Business District, the property offers flexibility for a range of commercial uses, including potential for future owner occupancy or continued multi-tenant income.
Situated on a ±0.27-acre lot, the property features 22 dedicated parking spaces and a recently renovated second floor. The building is strategically positioned between Witchduck and Newtown Roads, with direct access to I 264 and I 64, making it easily accessible from anywhere in the Hampton Roads region. Public transportation is also available via nearby bus lines, and Norfolk International Airport is just a 15-minute drive away.
• SIZE: ±8,740 SF two-story office building
• LOT: ±0.27 acre site
• ZONING: B-2 (Community Business District)
• YEAR BUILT: 1977
• UPGRADES: Recently renovated second floor
• PARKING: 22 parking spaces
• OCCUPANCY: 100% leased
• YEAR 1 NOI: $144,266
Reach out to the broker for more info on lease terms and amenities
Getting around
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64/100
Walk Score ®
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29/100
Transit Score ®
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48/100
Bike Score ®
Location
- City Virginia Beach, VA
- Neighborhood Point O View
- Zip Code 23462
- Market Richmond Tidewater
Points of Interest
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Newtown Road
1.49 miles
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Military Highway
2.63 miles
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Ingleside Road
3.81 miles
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Ballentine/Broad Creek
4.85 miles
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NSU
5.71 miles
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Norfolk
6.04 miles
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Harbor Park
6.16 miles
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Civic Plaza
6.58 miles
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MacArthur Square
6.83 miles
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Monticello
6.84 miles
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Kroger
0.98 miles
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7-Eleven
1.05 miles
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Arrowhead Gas
1.09 miles
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ChargePoint
1.39 miles
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Wawa
1.59 miles
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Exxon
2.05 miles
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Electric Vehicle Charging Station
2.14 miles
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Speedway
2.22 miles
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Costco Gas
2.33 miles
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Tesla Supercharger
3.45 miles
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Lot
0.99 miles
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Lot H - Guest Parking
2.04 miles
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Lot G - Guest Parking
2.09 miles
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Lot F - Conference Center, Banquet, & Guest Parking
2.10 miles
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Lot I
2.14 miles
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Lot E - Conference Center & Banquet Parking
2.16 miles
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Lot D
2.19 miles
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Lot Q
2.20 miles
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Lot J
2.21 miles
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Lot P
2.28 miles
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Holiday Inn Virginia Beach - Norfolk
1.26 miles
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Red Roof Inn
1.27 miles
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Courtyard
1.30 miles
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Hampton Inn
1.32 miles
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La Quinta Inn
1.37 miles
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Homewood Suites by Hilton Virginia Beach/Norfolk Airport
1.45 miles
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SpringHill Suites Norfolk Virginia Beach
1.49 miles
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WoodSpring Suites
1.59 miles
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Days Inn
1.95 miles
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InTown Suites Extended Stay Virginia Beach VA
1.96 miles
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Food Lion
0.07 miles
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Kroger
1.09 miles
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Walmart Supercenter
1.75 miles
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Wegmans
1.84 miles
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The Fresh Market
2.21 miles
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Pembroke Square
2.28 miles
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ALDI
2.31 miles
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Target
2.34 miles
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Kohl's
2.34 miles
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Marshalls
2.49 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
