2406 Colley Ave - Storefront Retail/Residential FOR SALE


Norfolk, VA 23517- Park Place
$795,000 USD
757-213-4162
2406 Colley Ave, Norfolk, VA for Sale
$795,000 USD
Storefront Retail/Residential - FOR SALE
1/1
null | Request Cap Rate

2406 Colley Ave
Norfolk, VA 23517
Park Place


HIGHLIGHTS

  • Retail Income – Includes a 1,000 SF ground-floor commercial unit currently leased to Slow and Steady Bike and Goods
  • Features a state-of-the-art kitchen, spacious living areas, fully upgraded bathrooms, home gym and a private outdoor patio
  • Real estate taxes are abated through 2034, offering significant savings to the future owner
  • Ideal for those seeking a live/work lifestyle, multi-unit investment strategy, or a hybrid residential and commercial portfolio addition

OVERVIEW

A rare opportunity to own a fully renovated, 4,507 SF mixeduse property located in Norfolk’s vibrant and growing Railroad District. This prime property offers exceptional flexibility for residential buyers, owner-occupants, or investors seeking income-producing space in one of the city's most dynamic neighborhoods. Positioned just steps from restaurants, breweries, shops, and the cultural energy of Colley Avenue, this is a standout offering with upside potential in a location that's only gaining momentum.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,517 SF

ZONING

C2

APN/PARCEL ID

06530000

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 Policy.