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1150 E Little Creek Rd 35,758 SF 100% Leased Retail Building Norfolk, VA 23518 $5,164,904 CAD ($144.44 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prime Location
- Close to Little Creek Amphibious Base and Norfolk Naval Station
- Signalized Intersection
EXECUTIVE SUMMARY
PRICE REDUCTION - 1150 E Little Creek is an excellent investment opportunity with second floor office space available to lease, occupy or the zoning permits multifamily or self storage. Its located at the signalized intersection of E. Little Creek and N. Military Hwy near a high volume WaWa and CVS. It was built, owned, and operated by a national retailer who used the second floor to house their corporate HQ and collections dept. Built in 2006 by the original retailer, then bought in 2018 by the current owner who opened the original beauty supply business. In 2019 the beauty supply business was sold to the current operator.
The location offers excellent visibility to E. Little Creek Rd with multiple access points and a signalized intersection. Its an ideal location for a business that serves the military with its close proximity to Little Creek Amphib base and Norfolk Naval Station.
Maintenance and utility expenses available upon request. 2023 RE Tax: $57,370
Tax assessed at $4,068,800
Offered at $3,700,000 ($114 PSF)
The location offers excellent visibility to E. Little Creek Rd with multiple access points and a signalized intersection. Its an ideal location for a business that serves the military with its close proximity to Little Creek Amphib base and Norfolk Naval Station.
Maintenance and utility expenses available upon request. 2023 RE Tax: $57,370
Tax assessed at $4,068,800
Offered at $3,700,000 ($114 PSF)
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
35,758 SF
Building Class
B
Year Built/Renovated
1954/2007
Price
$5,164,904 CAD
Price Per SF
$144.44 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.53
Lot Size
1.55 AC
Zoning
C-C - Business Community Zoning permits Office, Self Storage or Residential/ Multifamily on the second floor
Frontage
368’ on E Little Creek Rd
AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 37920700 | Improvements Assessment | $4,249,336 CAD |
| Land Assessment | $1,416,586 CAD | Total Assessment | $5,665,923 CAD |
PROPERTY TAXES
Parcel Number
37920700
Land Assessment
$1,416,586 CAD
Improvements Assessment
$4,249,336 CAD
Total Assessment
$5,665,923 CAD
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1150 E Little Creek Rd
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