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3025-3053 Shore Dr
Virginia Beach, VA 23451
Cape Henry Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Professionally managed, well performing retail asset located in a beach front community.
- Westminster Canterbury (high income - assisted living) directly across Shore Drive with 400 residents
- New roof installed in 2024
- Signalized intersection with 34,000 VPD on Shore Drive
- Year round beach community called Chic’s Beach
- Endcap location available October 2025
EXECUTIVE SUMMARY
Cape Henry Shopping Center is a manageable commercial property nestled in the heart of the vibrant beachfront community of Chic's Beach. The retail asset encompasses 9,588 square feet, comprising eight service-oriented tenants.
Positioned at the signalized intersection of Shore Drive and Starfish Dr, the shopping center benefits from an impressive traffic count of 34,000 vehicles per day on the going-home side of Shore Drive. As part of the year-round beach community of Chic's Beach, Cape Henry Shopping Center is surrounded by densely populated condominium homes where high incomes are prevalent.
Positioned at the signalized intersection of Shore Drive and Starfish Dr, the shopping center benefits from an impressive traffic count of 34,000 vehicles per day on the going-home side of Shore Drive. As part of the year-round beach community of Chic's Beach, Cape Henry Shopping Center is surrounded by densely populated condominium homes where high incomes are prevalent.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,586 SF
Building Class
B
Year Built
1983
Price
$3,756,238
Price Per SF
$391.85
Cap Rate
6%
NOI
$225,374
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.01 AC
Zoning
0
Parking
52 Spaces (4.27 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 1499-09-9820 | Improvements Assessment | $887,800 |
| Land Assessment | $795,000 | Total Assessment | $1,682,800 |
PROPERTY TAXES
Parcel Number
1499-09-9820
Land Assessment
$795,000
Improvements Assessment
$887,800
Total Assessment
$1,682,800
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