1901 E Ocean View Ave - Storefront FOR SALE


Norfolk, VA 23503- Bay View
$1,450,000 USD
757-213-4162
1901 E Ocean View Ave, Norfolk, VA for Sale
$1,450,000 USD
Storefront - FOR SALE
1/21
null | Request Cap Rate

NEW


1901 E Ocean View Ave
Norfolk, VA 23503
Bay View


HIGHLIGHTS

  • Coastal-positioned retail opportunity on a 0.96-acre site steps from Chesapeake Bay beaches
  • Two-story, open-plan configuration with 7,020 SF of flexible space and abundant natural light
  • Property conveys with furniture, fixtures, and equipment; new HVAC installed in 2023
  • Strong visibility with 205 feet of frontage on East Ocean View Avenue and 198 feet on Cape View Avenue
  • 37 surface spaces providing convenient on-site parking for customers
  • Located near the revitalized Ocean View corridor, supported by Naval Station Norfolk and consistent tourism activity

OVERVIEW

This offering presents a rare opportunity to acquire a landmark property in one of Norfolk’s fastest-evolving coastal markets. Positioned along East Ocean View Avenue near Cape View Avenue, the property sits on 0.96 acres within the Ocean View submarket, just steps to public beaches along Chesapeake Bay. The two-story, 7,020 SF buildout features open floor plans, a wraparound porch, wood-frame construction, and 28-foot building height, providing an adaptable space for multiple retail or hospitality concepts. The surrounding Ocean View corridor is undergoing rapid transformation driven by strong year-round tourism, significant residential development, infrastructure investments, and a growing trend toward walkable, experience-driven retail environments. The property benefits from high visibility with over 205 feet of frontage on East Ocean View Avenue and 198 feet on Cape View Avenue, plus convenient surface parking for 37 vehicles. Proximity to Naval Station Norfolk—the largest naval base globally—ensures a stable local consumer base and dynamic workforce. Sale price is listed at $1,450,000, inclusive of FF&E. Ideal for breweries, taprooms, restaurants, or other redevelopment uses, this site offers both lifestyle appeal and long-term investment potential.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,643 SF

ZONING

C-2

APN/PARCEL ID

00001034,00001035

ASK ABOUT THIS PROPERTY

Josh FultonCushman & Wakefield | ThalhimerMore Info
757-213-4162

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Josh FultonCushman & Wakefield | ThalhimerMore Info
757-213-4162

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