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245 Pennsylvania Ave 3,448 SF of Retail Space Available in Virginia Beach, VA 23462
HIGHLIGHTS
- 245 Pennsylvania Avenue is a 3,448-square-foot automotive shop and sales building available for $6,000 per month.
- Beneficiary of co-traffic from nearby automotive tenants, plus the area’s most popular live, work, play hubs, Pembroke Square and Town Center of VB.
- Positioned off Virginia Beach Boulevard and 0.7 miles from Interstate 264, approximately 15 minutes from the beachfront and Downtown Norfolk.
- Featuring drive-in garage doors, a storefront entry, office space, a warehouse mezzanine, private restrooms, and ample parking/yard space.
- Well-targeted consumer pool as residents within a 5-mile radius spend nearly $1 billion each year on transportation and maintenance expenses.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,448 SF | 2-5 Years | $29.15 CAD/SF/YR $2.43 CAD/SF/MO $100,498 CAD/YR $8,375 CAD/MO | Triple Net (NNN) |
1st Floor
Ideal space for an auto shop or auto dealership with drive-in doors, a mezzanine, offices, and ample outdoor yard space.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air Conditioning
- High Ceilings
- Exposed Ceiling
- Fits 9 - 28 People
- Yard
- Zoned for Auto Repair/Storage/Sales/Rental
- $6,000/month
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
MATTERPORT 3D TOURS
3D Exterior
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PROPERTY FACTS
| Total Space Available | 3,448 SF | Gross Leasable Area | 3,448 SF |
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Auto Repair |
| Total Space Available | 3,448 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 3,448 SF |
| Year Built | 1950 |
ABOUT THE PROPERTY
Offering a 3% commission to the realtor. 245 Pennsylvania Avenue offers a premier opportunity for businesses in automotive sales, automotive service, automotive rental, and more to set up shop in a centralized Virginia Beach location. The 3,448-square-foot property is zoned for auto sales and repairs, with ample fenced in yard space for parking vehicles and equipment. 245 Pennsylvania Avenue features drive-in garage doors leading to the warehouse shop area, which includes a mezzanine(available upon request). The storefront entrance features large windows to display products, and there is plenty of well-maintained office space for administrative functions, as well as 2 rest rooms & shower. This is already a highly trafficked area for all types of automotive and equipment needs, with neighboring tenants like Checkered Flag Toyota, Southside Harley-Davidson, Herc Rentals, Auto Glass & Sunroof Repair, and many more. With established draws for similar uses, 245 Pennsylvania Avenue is decidedly positioned to capitalize on this co-traffic. It’s easy for customers to reach with direct access from Virginia Beach Boulevard, and Interstate 264/Virginia Beach Expressway is less than a mile away. This allows businesses to tap into affluent communities as far as Alanton, East Beach, and King’s Grant, all of which contribute to the $2.4 billion spent on transportation and maintenance within a 10-mile radius. Another significant locational advantage is proximity to Pembroke Square and the Town Center of Virginia Beach, two of the hottest mixed-use destinations in the region, bringing in thousands of travelers, daytime employees, and residents near 245 Pennsylvania Avenue each day.
DEMOGRAPHICS
Demographics
ABOUT PEMBROKE
Pembroke is a retail hub in the heart of the Norfolk region, strategically positioned near major thoroughfares like I-64 and I-264 and just minutes from Norfolk International Airport. This central location ensures strong visibility for retailers and seamless access for both local residents and regional visitors.
Retailers in Pembroke benefit from a diverse consumer base drawn from surrounding neighborhoods such as Aragona Village, Lake Smith, and Kempsville Lake. The area features a mix of national brands and local favorites, with co-tenancy opportunities that appeal to a wide range of tenants.
Lifestyle amenities and entertainment options, from nearby cultural venues to dining corridors, enhance the area’s appeal. Pembroke’s blend of suburban convenience and urban connectivity makes it a compelling choice for retailers seeking access to major population centers and long-term growth potential.
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Leila's Mediterranean Groceries And Deli | Mediterranean | $$$ | 2 min walk |
| No Forks Cheese Steaks & More | Cheesesteaks | $ | 2 min walk |
| Kevins Dog House | Hot Dogs | $ | 5 min walk |
| Hardee's | - | - | 5 min walk |
| AJ Gators Sports Bar and Grill | Grill | $$ | 10 min walk |
| Bodacious Bakehouse | American | $ | 13 min walk |
| Shelton's Big Grill | Grill | $ | 13 min walk |
| Sonic Drive-In | Fast Food | - | 13 min walk |
RETAIL |
||
|---|---|---|
| Herc Rentals | Rental Shop | 3 min walk |
| Ashley | Furniture/Mattress | 6 min walk |
| 7-Eleven | Convenience Market | 5 min walk |
| Dollar General | Dollar/Variety/Thrift | 7 min walk |
| Food Lion | Supermarket | 14 min walk |
HOTELS |
|
|---|---|
| Hilton Garden Inn |
176 rooms
3 min drive
|
| Hyatt Place |
127 rooms
3 min drive
|
| Westin |
236 rooms
3 min drive
|
| Holiday Inn |
307 rooms
5 min drive
|
| Courtyard |
146 rooms
5 min drive
|
LEASING AGENT
LEASING AGENT
George Loizou, Broker
ABOUT THE OWNER
Presented by
245 Pennsylvania Ave
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