Retail Business for Lease in Virginia Beach, VA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Virginia Beach, VA 23451

Description

Retail For Lease | 902 - 3,735 SF For Sale | Building Size: 3,735 SF | Lot Size: 0.34 ac ±3,735 SF freestanding building availableIncludes ±2,833 SF former convenience store and ±902 SF former office space (can be combined)±0.34 acre site with parking lotPrime Key Facts For Sale and Lease More details For Lease or Sale: 908 General Booth Blvd 908 General Booth Blvd, Virginia Beach, VA 23451, USA 3,982 SF Retail For Lease or Sale: 908 General Booth Blvd 908 General Booth Blvd, Virginia Beach, VA 23451, USA 3,982 SF Retail

Market Context

This retail in Virginia Beach, VA is listed for lease. It has been on the market for 128 days. Compare it against other retail listings for lease in Virginia Beach, VA — <a href="/search/lease/retail/virginia/virginia-beach">view the full market</a>.

As of Q4 2023, the Hampton Roads retail market showed a 3.6% vacancy rate, average asking rents near $22.50/SF/yr, and cap rates around 6.6%. Source: Consensus Q4 2023 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Hampton Roads?
About 6.6% as of Q4 2023, per Consensus.
Is the Hampton Roads retail market tightening or softening?
Vacancy is around 3.6% (Q4 2023).

Unified Estimate

Medium Confidence

$1.60/SF/mo – $2.16/SF/mo

Mid: $1.88/SF/mo

Rate estimator only; cost-of-business estimate unavailable.

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