Commercial real estate listings virginia beach offer an enticing array of opportunities for business owners and investors alike. Whether you're interested in leasing or buying, the Virginia Beach market is vibrant and diverse, promising spaces that cater to a range of commercial needs.
- Office and Retail Properties: From modern offices to expansive retail spaces, Virginia Beach has a variety of listings. Some prime options include:
- 291 Independence Blvd, Pembroke Manor: 167,660 SF office property with spaces from $21.50/SF/YR.
3600 Dam Neck Road, Landstown Court: 4,700 SF industrial space for $5,000/month.
Lease Rates and Availability: Understanding current rates and availability is crucial. For example:
- 272 Bendix Road, Thalia: 99,000 SF office property leasing at $25.00/SF/YR.
Virginia Beach's commercial real estate market is a treasure trove for mid-sized business owners looking for personalized investment opportunities. With a busy economy and a coastline that attracts steady tourism, the city provides a dynamic environment for businesses to thrive. This makes Virginia Beach not just a hub for leisure but a strategic location for businesses to establish or expand their presence.
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Top Commercial Real Estate Listings in Virginia Beach
Virginia Beach is a hotspot for commercial real estate listings. Whether you're looking for office spaces or retail properties, the city offers a wide range of options to meet various business needs.
Office Properties
Office spaces in Virginia Beach come in all shapes and sizes. Here are some standout options:
291 Independence Blvd, Pembroke Manor: This massive 167,660 SF office building offers six available spaces with lease rates starting at $21.50/SF/YR. Built in 1976, it provides a blend of historical charm and modern amenities.
404 Investors Place, Larkspur: With eight available spaces totaling 12,004 SF, this office property is priced between $13.50 and $16.00/SF/YR. Its 1988 construction ensures it has the modern features businesses need.
1232 Perimeter Parkway, Castleton: This 20,000 SF office property offers three spaces totaling 5,892 SF, leasing at $24.00/SF/YR.
Retail Spaces
Retail properties in Virginia Beach are just as varied and appealing:
2973 Shore Drive, Lynnhaven Colony: This retail space offers a 950 SF area within a 19,109 SF property. Its location is ideal for businesses looking to tap into local and tourist traffic.
3208 Holland Road, Scarborough Square: With a sizable 9,735 SF retail space available, this property is perfect for larger retail operations.
2029 South Lynnhaven Parkway, Brenneman Farm: A 1,500 SF retail space within a 92,407 SF property, offering ample room for businesses aiming to establish a strong presence in Virginia Beach.
Availability and Lease Rates
Understanding the availability and lease rates is key to making informed decisions:
272 Bendix Road, Thalia: Offers 8,562 SF across two spaces in a 99,000 SF office building, leasing at $25.00/SF/YR. Built in 2008, it combines modern design with a strategic location.
3600 Dam Neck Road, Landstown Court: An industrial property with 4,700 SF available for $5,000/month. This space is ideal for businesses needing warehouse or manufacturing facilities.
Virginia Beach's commercial real estate market provides a dynamic environment for businesses to grow. With competitive lease rates and diverse property options, the city is a prime location for companies looking to establish or expand their footprint. Whether you're interested in office spaces or retail properties, Virginia Beach has something to offer every business.
Navigating the Virginia Beach Commercial Real Estate Market
Understanding the property history and transaction history of commercial real estate in Virginia Beach is crucial for making informed investment decisions. By delving into public records, investors can gain insights into the market trends and property values.
Property History
Each commercial property has its own story. Knowing the history can help you understand its value and potential. For example, older buildings like the 291 Independence Blvd, Pembroke Manor, built in 1976, may offer historical charm. Properties such as these often have unique architectural features that can attract certain types of businesses.
Transaction History
Transaction history provides a detailed look at how properties have changed hands over time. This information can reveal trends in the market, such as rising or falling property values. For instance, the 1232 Perimeter Parkway, Castleton office property, with its lease rate of $24.00/SF/YR, reflects the area's competitive pricing.
Public Records
Public records are a valuable resource for anyone navigating the Virginia Beach commercial real estate market. They offer details about property ownership, previous sales, and zoning regulations. Accessing these records can help you verify the accuracy of listing information and assess a property's potential.
For example, checking public records for the 3600 Dam Neck Road, Landstown Court industrial property can provide insights into its suitability for warehouse or manufacturing use, given its 4,700 SF space available for $5,000/month.
By leveraging property history, transaction history, and public records, investors can make informed decisions in the vibrant Virginia Beach commercial real estate market. This knowledge is essential for identifying opportunities and mitigating risks.
Next, we'll explore Profitable Commercial Real Estate Investments in Virginia Beach, focusing on industrial properties, multifamily properties, and shopping centers.
Profitable Commercial Real Estate Investments
Investing in commercial real estate in Virginia Beach can be a lucrative opportunity, especially when focusing on industrial properties, multifamily properties, and shopping centers. Let's dig into each of these sectors and uncover why they hold potential for profit.
Industrial Properties
Industrial properties in Virginia Beach are in high demand due to the city's strategic location and robust infrastructure. For instance, the 3600 Dam Neck Road, Landstown Court property offers 4,700 SF of industrial space for $5,000/month. Built in 1984, this space is ideal for warehousing or manufacturing, catering to businesses that need a functional and cost-effective location.
Multifamily Properties
Multifamily properties are another profitable investment option in Virginia Beach. The demand for rental housing remains strong, driven by the city's growing population and thriving economy. Investing in multifamily units can provide a steady income stream, as these properties tend to have lower vacancy rates compared to single-family homes. Virginia Beach's vibrant community and appealing lifestyle make it an attractive place for renters, ensuring consistent demand.
Shopping Centers
Shopping centers in Virginia Beach offer diverse opportunities for investors. With a mix of retail spaces, these centers can attract a variety of tenants, from local boutiques to national chains. The 2029 South Lynnhaven Parkway, Brenneman Farm property, with 1,500 SF of retail space available, exemplifies the potential for strong foot traffic and high visibility.
Investing in shopping centers can yield significant returns, especially when located in high-traffic areas. As consumer confidence continues to rise, retail spaces in busy shopping centers are becoming increasingly valuable.
By focusing on these sectors—industrial properties, multifamily properties, and shopping centers—investors can tap into Virginia Beach's dynamic real estate market. Each offers unique benefits that align with different investment strategies, making them excellent choices for those seeking profitable commercial real estate opportunities.
Next, we'll explore Commercial Real Estate Listings Virginia Beach, highlighting properties for sale and lease.
Commercial Real Estate Listings Virginia Beach
Virginia Beach offers a diverse array of commercial real estate listings that cater to various business needs, whether you're looking to buy or lease. This vibrant coastal city presents numerous opportunities for businesses to thrive in a dynamic environment.
Properties for Sale
Virginia Beach's commercial properties for sale include office buildings, retail spaces, and industrial facilities. For instance, a 36,595 SF office building is available with a 6.00% cap rate, providing a solid investment opportunity for those looking to own property. Such investments can yield long-term returns, especially in a growing market like Virginia Beach.
Another example is a 13,904 SF retail building with an 8.06% cap rate, demonstrating the potential for high returns in the retail sector. These properties are strategically located to attract both local and tourist traffic, ensuring steady revenue streams.
Properties for Lease
For businesses seeking flexibility, leasing is a popular option. Virginia Beach offers a variety of spaces for lease, from small offices to expansive retail locations. A prime example is the 291 Independence Blvd property in Pembroke Manor, offering 167,660 SF of office space with multiple leasing options. The building's central location makes it ideal for companies looking to establish a strong presence in the area.
Another notable listing is the 404 Investors Place in Larkspur, where office spaces are available for $13.50 - $16.00/SF/YR. This property provides affordable leasing options for businesses of various sizes.
Retail and Office Spaces
Retail spaces in Virginia Beach are particularly appealing due to the city's busy economy and thriving tourism industry. The 3208 Holland Road retail property in Scarborough Square offers 9,735 SF of space, perfect for businesses looking to capitalize on high foot traffic.
Office spaces are equally abundant, with options like the 1232 Perimeter Parkway in Castleton, offering 5,892 SF for $24.00/SF/YR. These spaces are designed to accommodate modern business needs, providing a professional environment for companies to grow.
Virginia Beach's commercial real estate listings present a wealth of opportunities for businesses and investors alike. Whether you're looking to purchase a property or lease a space, the city's diverse offerings ensure that you can find the perfect fit for your needs.
Next, we'll address some common questions about navigating the commercial real estate market in Virginia Beach.
Frequently Asked Questions about Commercial Real Estate in Virginia Beach
How can I search for commercial real estate listings?
Finding commercial real estate listings in Virginia Beach is easier than ever with the right tools. Brexton Commercial offers comprehensive search tools that allow you to filter properties by type, location, and price. These tools are designed to help you quickly find listings that match your specific needs.
In addition to Brexton's tools, you can also use Commercial Real Estate (CRE) search engines. These platforms aggregate listings from various sources, providing a broad view of available properties. They often include details like lease rates, property size, and amenities, making it simple to compare options.
How do I find sold commercial properties?
To track down sold commercial properties, public records are your best bet. These records provide transaction history, giving you insights into past property sales. You can access these through local government websites or real estate databases.
Understanding transaction history can help you gauge property values and market trends. It can also assist in making informed decisions about future investments. For those interested in deeper insights, Brexton Commercial offers advisory services to help interpret this data effectively.
Are commercial real estate prices down?
The Virginia Beach market is dynamic, and property values can fluctuate based on various factors. Currently, market trends show a steady demand for both office and retail spaces. This demand suggests that prices are stable, with some sectors experiencing growth.
However, keep an eye on market trends and economic indicators. Brexton Commercial provides regular updates and market analyses to help you stay informed. By understanding these trends, you can better steer the market and make strategic decisions.
In the next section, we'll explore how Brexton Commercial's personalized services can guide you through the complexities of the Virginia Beach commercial real estate market.
Conclusion
At Brexton Commercial, we believe in a personalized approach to commercial real estate. Our team is dedicated to providing customized services that cater to your unique needs. Whether you're buying, selling, or leasing, we're here to support you every step of the way.
Our expertise in investment advisory sets us apart. We offer insights that help you make informed decisions, ensuring that your investments are both profitable and sustainable. From market analysis to financial planning, our advisors work closely with you to develop strategies custom to your goals.
In the changing Virginia Beach commercial real estate market, having a trusted partner is crucial. Our hands-on approach means we understand the local dynamics and can provide you with the best opportunities available.
Explore our custom services and see how we can help you achieve your real estate goals. Visit our Virginia Beach page to learn more about our offerings and how we can assist you in navigating the commercial real estate landscape in Virginia Beach.
Thank you for considering Brexton Commercial as your partner in commercial real estate. We're excited to work with you and help you succeed in this vibrant market.
