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5901 E Virginia Beach Blvd 1,973 SF Retail Building Norfolk, VA 23502 $750,000 ($380.13/SF)



Investment Highlights
- Positioned on a signalized hard-corner intersection with strong visibility.
- Benefits from exposure to approximately 49,257 vehicles per day.
- Surrounded by established retail, dining, and service businesses.
- Located directly across from JANAF Shopping Yard.
- Convenient access to Interstate 264 and Interstate 64.
- Rare commercial ownership opportunity within a major Norfolk retail corridor.
Executive Summary
5901 E. Virginia Beach Boulevard presents an opportunity to acquire a highly visible commercial property positioned at a signalized intersection within one of Norfolk's most established retail corridors. Situated directly across from JANAF Shopping Yard and adjacent to the Military Circle area, the property benefits from consistent consumer activity, strong regional connectivity, and immediate access to major transportation routes serving the Hampton Roads market.
The site contains an existing commercial building and occupies approximately 0.4548 acres, offering owner-users and investors a location with prominent frontage along E. Virginia Beach Boulevard. Daily traffic exposure of approximately 49,257 vehicles supports business visibility and customer accessibility, while proximity to Interstate 264 and Interstate 64 enhances access throughout Norfolk, Virginia Beach, Chesapeake, and the broader region.
The surrounding commercial environment includes a concentration of national retailers, service providers, restaurants, and regional businesses that contribute to ongoing consumer demand and commercial activity. The property's location within a mature retail node creates potential for a variety of commercial uses seeking exposure, accessibility, and an established customer base.
This offering represents a rare opportunity to secure ownership in a highly developed commercial corridor where available acquisition opportunities are limited. Its combination of signalized access, established retail surroundings, regional transportation connectivity, and strong visibility positions the asset for both owner-occupant and investment consideration.
The site contains an existing commercial building and occupies approximately 0.4548 acres, offering owner-users and investors a location with prominent frontage along E. Virginia Beach Boulevard. Daily traffic exposure of approximately 49,257 vehicles supports business visibility and customer accessibility, while proximity to Interstate 264 and Interstate 64 enhances access throughout Norfolk, Virginia Beach, Chesapeake, and the broader region.
The surrounding commercial environment includes a concentration of national retailers, service providers, restaurants, and regional businesses that contribute to ongoing consumer demand and commercial activity. The property's location within a mature retail node creates potential for a variety of commercial uses seeking exposure, accessibility, and an established customer base.
This offering represents a rare opportunity to secure ownership in a highly developed commercial corridor where available acquisition opportunities are limited. Its combination of signalized access, established retail surroundings, regional transportation connectivity, and strong visibility positions the asset for both owner-occupant and investment consideration.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,973 SF
Building Class
C
Year Built
1962
Price
$750,000
Price Per SF
$380.13
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.53 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
17 Spaces (8.62 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 40977000 | Improvements Assessment | $196,700 |
| Land Assessment | $255,200 | Total Assessment | $451,900 |
Property Taxes
Parcel Number
40977000
Land Assessment
$255,200
Improvements Assessment
$196,700
Total Assessment
$451,900
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5901 E Virginia Beach Blvd
