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1231 Norview Ave 2,200 SF Retail Building Norfolk, VA 23513 $2,050,650 CAD ($932.11 CAD/SF)
Investment Highlights
- Great Visibility and Traffic
- Possibility of use as Car Dealership and/or Gas Station
- 3 vehicle bays and covered parking
Executive Summary
Turnkey Auto Repair Shop with Real Estate — Potential Auto Dealership/Gas Station Opportunity
Exceptional opportunity to own a well-established auto repair shop with real estate included. This fully operational facility is ideally suited for automotive service, maintenance, and repair, and offers excellent visibility and accessibility for both repeat and drive-by customers.
The property features multiple service bays, ample parking, and functional workspace designed to support efficient daily operations. The layout allows for smooth vehicle flow, customer reception, and storage, making it an excellent fit for owner-operators or investors seeking a reliable automotive business location.
In addition to its current use as an auto repair facility, the property may qualify for a use permit approval for an auto dealership, creating additional upside potential for buyers seeking to expand into vehicle sales/gas station or operate a combined service and sales business (buyer to verify with local municipality).
Exceptional opportunity to own a well-established auto repair shop with real estate included. This fully operational facility is ideally suited for automotive service, maintenance, and repair, and offers excellent visibility and accessibility for both repeat and drive-by customers.
The property features multiple service bays, ample parking, and functional workspace designed to support efficient daily operations. The layout allows for smooth vehicle flow, customer reception, and storage, making it an excellent fit for owner-operators or investors seeking a reliable automotive business location.
In addition to its current use as an auto repair facility, the property may qualify for a use permit approval for an auto dealership, creating additional upside potential for buyers seeking to expand into vehicle sales/gas station or operate a combined service and sales business (buyer to verify with local municipality).
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
C
Year Built
1966
Price
$2,050,650 CAD
Price Per SF
$932.11 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.65 AC
Zoning
C-2
Parking
39 Spaces (17.73 Spaces per 1,000 SF Leased)
Frontage
200’ on Norview Ave
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09164900 | Improvements Assessment | $409,036 CAD |
| Land Assessment | $231,587 CAD | Total Assessment | $640,623 CAD |
Property Taxes
Parcel Number
09164900
Land Assessment
$231,587 CAD
Improvements Assessment
$409,036 CAD
Total Assessment
$640,623 CAD
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1231 Norview Ave
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