1021 E Princess Anne Rd - Warehouse FOR SALE


Norfolk, VA 23504- Bruce's Park
$1,900,000 USD
757-640-8700
1021 E Princess Anne Rd, Norfolk, VA for Sale
$1,900,000 USD
Warehouse - FOR SALE
1/7
null | Request Cap Rate

1021 E Princess Anne Rd
Norfolk, VA 23504
Bruce's Park


HIGHLIGHTS

  • Priced Below Market Value
  • New HVAC in office area
  • Electric Service: 800 Amp 3-Phase
  • Located within an Opportunity Zone, Enterprise Zone, and Hub Zone.
  • Approximately 2.7 miles from Interstate 264.
  • Convenient access to multiple Hampton Roads port facilities.

OVERVIEW

1021 Princess Anne Road presents an owner-user or investment opportunity in Norfolk's established industrial market. The property consists of a 20,526-square-foot warehouse situated on approximately 0.77 acres and is zoned I-1, supporting a variety of industrial and warehouse uses. Functional building features include 16-foot clear ceiling heights, 800-amp three-phase electrical service, two van-height loading doors, one drive-in door, and approximately 2,220 square feet of office space enhanced by recently installed HVAC. The property's location provides access to the Hampton Roads transportation network and maritime infrastructure. The site is positioned approximately 2.7 miles from I-264, offering connectivity throughout the region. Major port facilities serving international and domestic cargo operations are nearby, including Norfolk International Terminal, Portsmouth Marine Terminal, Virginia International Gateway, and Newport News Marine Terminal. This access supports warehousing, distribution, manufacturing, and logistics-related operations. The property is located within an Enterprise Zone, Hub Zone, and Opportunity Zone, creating potential advantages for qualifying businesses and investors. Combined with its industrial zoning, loading capabilities, power infrastructure, and proximity to regional transportation assets, the asset offers flexibility for a range of operational requirements. The recent price adjustment further enhances its positioning within the Norfolk industrial market.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

UTILITIES

-

CLEAR CEILING HT

15 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.77

LAND SF

33,541

ZONING

I-1

APN/PARCEL ID

03028780

ASK ABOUT THIS PROPERTY

Robert BeasleyHarvey Lindsay Commercial Real EstateMore Info
757-640-8700

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Robert BeasleyHarvey Lindsay Commercial Real EstateMore Info
757-640-8700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.