HIGHLIGHTS
- Central location on city line of Norfolk/Virginia Beach
- 3,367± square feet available on the first floor (entire first floor)
- 4 suites on the second floor: 3 under short-term leases (lease income in-place) and 1 650± square foot suite currently available
- Two (2) electric meters on the first floor; four (4) electric meters on the second floor
- Major building renovation in 2010
- On-site parking to city code (27 parking stalls)
OVERVIEW
Located in the City of Norfolk, 735 Newtown Road is a 6,734± square foot, two-story office building that fronts the highly-trafficked Newtown Road, and is situated in the Newtown/Witchduck submarket. The 3,367± square foot first-floor tenant will vacate upon sale; the second floor is comprised of four suites, with one currently vacant and the remaining three with short-term leases in-place.
FOR SALE DETAILS
PRICE
$1,250,000 USD
PRICE/SF
$179 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
27
LAND DETAILS
LAND ACRES
0.41 AC
LAND SF
17,838 SF
ZONING
C-C
APN/PARCEL ID
19713270
ASK ABOUT THIS PROPERTY
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757-646-0525
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Please correct the highlighted field(s).
757-646-0525
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