840-850 Norview Ave - Service FOR SALE


Norfolk, VA 23509
$1,450,000 USD

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$1,450,000 USD
Service - FOR SALE
null | Request Cap Rate

840-850 Norview Ave
Norfolk, VA 23509


HIGHLIGHTS

  • The property includes approximately 3.33 acres of usable industrial yard area suitable for outdoor storage and contractor operations.
  • I-L Light Industrial zoning supports a broad range of industrial, logistics, fabrication, marine, utility, and contractor-related uses.
  • Newly installed 400-amp, 480-volt, three-phase electrical service provides enhanced operational capability.
  • Secured access features include a locked gate and on-site security system.
  • Convenient access to Interstate 64 supports regional transportation and distribution throughout Hampton Roads.
  • Proximity to the Port of Virginia, military installations, shipbuilding facilities, and industrial employers supports long-term industrial demand.

OVERVIEW

Rare opportunity to acquire a 4.81-acre industrial property in the heart of Norfolk's industrial corridor. The property includes approximately 3.33 acres of usable industrial yard together with a 3,200-square-foot warehouse/shop building featuring 16-18 foot clear height. Zoned I-L (Light Industrial), the property is ideally suited for contractors, equipment companies, outdoor storage, fabrication, logistics, trucking, utility contractors, marine support operations and government contractors requiring secured yard space. The site provides excellent access to Interstate 64, Norfolk International Airport, military installations, Newport News Shipbuilding, Norfolk Naval Shipyard, the Port of Virginia and Hampton Roads' extensive transportation network. Industrial outdoor storage properties of this size within Norfolk are increasingly difficult to find, making this an attractive owner-user or investment opportunity.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$453 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.81

LAND SF

209,524

ZONING

I-1

APN/PARCEL ID

16523600

ASK ABOUT THIS PROPERTY

Teresa GentryInternational Flooring IncMore Info

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Teresa GentryInternational Flooring IncMore Info

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