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1901 E Ocean View Ave 7,020 SF Retail Building Norfolk, VA 23503 $1,971,275 CAD ($280.81 CAD/SF)
Investment Highlights
- Coastal-positioned retail opportunity on a 0.96-acre site steps from Chesapeake Bay beaches
- Property conveys with furniture, fixtures, and equipment; new HVAC installed in 2023
- 37 surface spaces providing convenient on-site parking for customers
- Two-story, open-plan configuration with 7,020 SF of flexible space and abundant natural light
- Strong visibility with 205 feet of frontage on East Ocean View Avenue and 198 feet on Cape View Avenue
- Located near the revitalized Ocean View corridor, supported by Naval Station Norfolk and consistent tourism activity
Executive Summary
This offering presents a rare opportunity to acquire a landmark property in one of Norfolk’s fastest-evolving coastal markets. Positioned along East Ocean View Avenue near Cape View Avenue, the property sits on 0.96 acres within the Ocean View submarket, just steps to public beaches along Chesapeake Bay. The two-story, 7,020 SF buildout features open floor plans, a wraparound porch, wood-frame construction, and 28-foot building height, providing an adaptable space for multiple retail or hospitality concepts.
The surrounding Ocean View corridor is undergoing rapid transformation driven by strong year-round tourism, significant residential development, infrastructure investments, and a growing trend toward walkable, experience-driven retail environments. The property benefits from high visibility with over 205 feet of frontage on East Ocean View Avenue and 198 feet on Cape View Avenue, plus convenient surface parking for 37 vehicles. Proximity to Naval Station Norfolk—the largest naval base globally—ensures a stable local consumer base and dynamic workforce.
Sale price is listed at $1,450,000, inclusive of FF&E. Ideal for breweries, taprooms, restaurants, or other redevelopment uses, this site offers both lifestyle appeal and long-term investment potential.
The surrounding Ocean View corridor is undergoing rapid transformation driven by strong year-round tourism, significant residential development, infrastructure investments, and a growing trend toward walkable, experience-driven retail environments. The property benefits from high visibility with over 205 feet of frontage on East Ocean View Avenue and 198 feet on Cape View Avenue, plus convenient surface parking for 37 vehicles. Proximity to Naval Station Norfolk—the largest naval base globally—ensures a stable local consumer base and dynamic workforce.
Sale price is listed at $1,450,000, inclusive of FF&E. Ideal for breweries, taprooms, restaurants, or other redevelopment uses, this site offers both lifestyle appeal and long-term investment potential.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
7,020 SF
Building Class
B
Year Built/Renovated
2006/2019
Price
$1,971,275 CAD
Price Per SF
$280.81 CAD
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.17
Lot Size
0.96 AC
Zoning
C-2
Parking
37 Spaces (4.99 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Waterfront
- Drive Thru
- Balcony
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,323,131 CAD | |
| Land Assessment | $750,574 CAD | Total Assessment | $2,073,704 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$750,574 CAD
Improvements Assessment
$1,323,131 CAD
Total Assessment
$2,073,704 CAD
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1901 E Ocean View Ave
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