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416-424 W 25th St 9,693 SF 100% Leased Retail Building Norfolk, VA 23517 $1,547,700 CAD ($159.67 CAD/SF)
Investment Highlights
- Two garage doors and two overhead doors
- Located in Historic District, Enterprise Zone, Opportunity Zone, and HUB Zone
- All three addresses separately metered, allowing building to be subdivided and units rented separately
- Professional showroom with built in displays and retail counter
- Off-street parking on-site
Executive Summary
Presenting a rare opportunity to acquire a 10,292 SF multi-use light industrial complex spanning two contiguous parcels in Norfolk's Park Place neighborhood. Zoned I-L (Light Industrial), this versatile property is exceptionally well-suited for owner-users, investors, and operators seeking a strategic combination of warehouse, office, and showroom space within a single consolidated footprint. The complex is vacant and available for immediate occupancy, offering a broad range of permitted uses under Norfolk's I-L zoning designation, as well as falling in an Enterprise Zone, HUB Zone, and Opportunity Zone. The property's diverse functional zones — open warehouse bays, finished private offices, and a purpose-built showroom/counter area — provide a turnkey solution for businesses that need operational flexibility under one roof.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,693 SF
Building Class
B
Year Built
1949
Price
$1,547,700 CAD
Price Per SF
$159.67 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.57
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
I-L - Per Norfolk Zoning, “The purpose of the Industrial - Light district is to provide lands to accommodate a range of primarily indoor industrial uses
Frontage
160’ on W 25th St
Amenities
- Mezzanine
- Security System
- Signage
- Storage Space
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05791700 | Improvements Assessment | $206,266 CAD |
| Land Assessment | $132,961 CAD | Total Assessment | $339,228 CAD |
Property Taxes
Parcel Number
05791700
Land Assessment
$132,961 CAD
Improvements Assessment
$206,266 CAD
Total Assessment
$339,228 CAD
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416-424 W 25th St
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