2041 Fisher ArchVirginia Beach, VA 23456

Property Details for 2041 Fisher Arch

Year built

2022

Property size (Sq ft)

11,582 SF

Property type

Mixed-use properties

Property subtype

Lifestyle centers

Description

This exceptional Class A mixed-use property, located at 2041 Fisher Arch in Virginia Beach, VA 23456, presents a compelling investment opportunity. The 11,582 square foot shopping center and storefront complex, built in 2022, boasts five units and sits on a 0.81-acre lot. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $270,947, resulting in a 6.00% capitalization rate. The asking price is $4,515,798, translating to $389.90 per square foot. This NNN-leased multi-tenant property benefits from its prime location on heavily trafficked Princess Anne Road, offering excellent visibility and accessibility. Situated in the affluent Princess Anne/Red Mill/Sandbridge submarket, the property enjoys a strong demographic profile, with over 42,888 residents within a 3-mile radius and an average household income exceeding $181,337 within a 1-mile radius. Its proximity to General Booth Boulevard, the Red Mill epicenter, and the Virginia Beach Oceanfront (less than 7.5 miles) further enhances its appeal. Virginia Beach itself is a thriving city, recognized for its high quality of life, strong economy, and strategic location within the Mid-Atlantic region. This property offers a rare combination of strong financial performance, desirable location, and significant growth potential.

Location Insight

City

Virginia Beach

County

Virginia Beach City

State

Virginia

Latitude

36.749

Longitude

-76.0125

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