2476 Nimmo PkwyVirginia Beach, VA 23456

Property Details for 2476 Nimmo Pkwy

Year built

2005

Construction

TYPE NOT SPECIFIED

Lot size

11.30 AC

Property size (Sq ft)

49,730 SF

Zone code

B2

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

14946334740000

APU

14946334740000

Description

Courthouse Marketplace, located at 2476 Nimmo Pkwy in Virginia Beach, VA 23456, offers exceptional retail and restaurant opportunities. This thriving marketplace boasts a total of 102,119 square feet of commercial space, anchored by a Harris Teeter grocery store. Currently, there are multiple spaces available for lease, with a minimum divisible space of 2,982 square feet and a maximum contiguous space of 7,841 square feet. A total of 10,823 square feet is currently vacant and ready for immediate occupancy. The property's strategic location directly across from the Virginia Beach Municipal Center and Courthouse Complex ensures high visibility and significant foot traffic. This prime location in Virginia Beach County offers unparalleled access to a dense population base and a strong local economy. The flexible space options cater to a variety of business needs, making Courthouse Marketplace an ideal location for both established businesses and new ventures seeking a vibrant and convenient location. Interested parties are encouraged to inquire about available space and lease terms. This is a unique opportunity to establish a presence in a high-traffic, well-established commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $13,563,104

  6.5%

  $12,519,788

  7%

  $11,625,518

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,064,735

  Geo Method

  $20,929,626

• Alternative Use

  Use

  Valuation

  Residential

  $10,560,910

  Hospitality

  $9,673,737

  Educational

  $8,048,436

  Medical

  $8,325,234

  Retail

  $12,519,788

Location Insight

City

Virginia Beach

County

Virginia Beach City

State

Virginia

Latitude

36.7548

Longitude

-76.0648

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].