951 W 21st St - Medical FOR SALE


Norfolk, VA 23517- Ghent
$2,595,000 USD
571-332-1261
951 W 21st St, Norfolk, VA for Sale
$2,595,000 USD
Medical - FOR SALE
1/5
null | Request Cap Rate

951 W 21st St
Norfolk, VA 23517
Ghent


OVERVIEW

951-957 W 21st Street Sale Listing including 950 Woodrow Ave parking Don’t miss out on this exceptional investment opportunity in Norfolk! Located in the heart of Norfolks desirable Ghent district. This mixed use commercial property totals 12,834 SF including multiple storefront retail suites attracting those driving by on Azalea and W 21st St offering you great visibility, steady traffic and proximity to many accommodating amenities! Great opportunity for owner occupancy with 3,242 SF currently available for lease providing immediate income potential for owner users or investors to expand their portfolio. Situated on West 21st Street-one of Ghent's busiest commercial corridors-the property benefits from outstanding accessibility and walkability. The area is surrounded by: Retail boutiques Restaurants & cafés Grocers and daily needs retailers Schools & higher education institutions High-density residential neighborhoods This location ensures consistent foot and vehicle traffic, making it ideal for retail, service businesses, professional offices, specialty tenants and much more! Property Features: -Total Building Size: 12,834 SF -Available Space for Lease 3,242-5,304 SF with the potential for more if needed -Zoning: Ideal for retail, office, or mixed-use -Prime visibility on W. 21st Street -Dedicated signage opportunities; Ample on-street and nearby parking -Strong tenant demand in the Ghent commercial corridor -Surrounded by established national and local businesses -Stable long term investment in one of Norfolk's most vibrant districts Sold with this property; an adjacent parking lot located at 950 Woodrow Ave, that provides ample additional parking and has potential for further development of new construction if combined with parking. Owner is currently contracting to repaint exterior of building and actively marketing available space. Act now to put your own desirable touches on this building or to acquire your needed space! Offered at: $2,595,000 For additional information, financials, or to schedule a private tour, please contact Casselyn Dagenhart at (804) 244-5410.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

43 AC

LAND SF

1,873,080 SF

ZONING

41

APN/PARCEL ID

19789500

ASK ABOUT THIS PROPERTY

Michael DuncanDeGratia GroupMore Info
571-332-1261

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Michael DuncanDeGratia GroupMore Info
571-332-1261

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