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536 Newtown Rd
Virginia Beach, VA 23462
Property For Lease

HIGHLIGHTS

  • High Traffic Counts

PROPERTY FACTS

Property Type Retail
Property Subtype Bank
Gross Leasable Area 2,566 SF
Year Built 1986
Parking Ratio 9.35/1,000 SF

ABOUT THE PROPERTY

Available For Lease - Build to Suit - This 2,566 SF former bank branch with an attached 3-lane drive-thru is available for lease to build to suit. The property is located along busy Newtown Road in Virginia Beach, Virginia's most populous city. Easily Accessible Location - This former bank branch is at the non-signalized corner of Lake Edwards Dr. and Newtown Rd. in front of of Nexus Luxury Apartments, a 2018-built apartment complex featuring 268 market-rate units. The property sits directly adjacent to Family Dollar and benefits from its close proximity to I-264 and I-64, Sentara Leigh Hospital (1.5 miles SW), and Virginia Wesleyan University (2.0 miles NW). 0.65 Acres, 2,566 SF - The 0.65-acre rectangular-shaped site is improved with a 2,566 SF, single-story building with an attached 3-lane drive-thru and 24 parking spaces. The site is zoned Community Business (B-2) and is suitable for a variety of uses including, but not limited to: retail, restaurant, auto, medical, and bank. Strong Traffic Counts & Great Visibility - The property has great visibility along Newtown Road, a four-lane roadway with an annual average daily traffic count of 39,000 VPD, aided by a pylon sign. The property also has strong ingress/egress with two curb cuts off Newtown Road.

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Drive Thru
  • Listing ID: 26537683

  • Date on Market: 9/1/2022

  • Last Updated:

  • Address: 536 Newtown Rd, Virginia Beach, VA 23462

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