Share This Listing

Message

952 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

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.

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
185’ on E Virginia Beach Blvd

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

Bank of America
PNC Bank
Crunch Fitness
Olive Garden
Applebee's
America's Best Wings
Cook Out
Tim Hortons
Truist
Navy Federal Credit Union

Property Taxes

Property Taxes

Parcel Number
40977000
Land Assessment
$255,200
Improvements Assessment
$196,700
Total Assessment
$451,900
  • Listing ID: 33923393

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 5901 E Virginia Beach Blvd, Norfolk, VA 23502

Contact the Sale Advisor

5901 E Virginia Beach Blvd

Have an account? Log In

What's your inquiry about?*

Select Option

Select at least one option

Preferred Date*

Preferred date is required

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hmm, there seems to have been an error sending your message. Please refresh the page and try again.

Your message has been sent.
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}