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860 45th St 12,620 SF 100% Leased Industrial Building Norfolk, VA 23508 $1,072,205 CAD ($84.96 CAD/SF)



Investment Highlights
- I-2 industrial zoning supports a variety of warehouse and business uses.
- Three large bay doors support loading and operational efficiency.
- Exterior area can support additional storage or parking functions.
- Dedicated office area is integrated with open warehouse space.
- Multiple power supplies accommodate diverse industrial operations.
- Central Norfolk location with access to major transportation corridors.
Executive Summary
860 45th Street presents an opportunity to acquire an industrial warehouse asset in Norfolk's Highland Park West area. The property consists of a 12,620 ± SF warehouse situated on approximately 0.40 acres and is zoned I-2, supporting a variety of industrial and commercial operations. The existing layout combines a dedicated office component with a large open warehouse area, allowing users to accommodate administrative and operational functions within a single facility.
Property Facts
| Price | $1,072,205 CAD | Lot Size | 0.40 AC |
| Price Per SF | $84.96 CAD | Rentable Building Area | 12,620 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1940 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | I-2 | ||
| Price | $1,072,205 CAD |
| Price Per SF | $84.96 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.40 AC |
| Rentable Building Area | 12,620 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | I-2 |
Utilities
- Lighting
- Gas
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
20/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 01521225 | Improvements Assessment | $341,999 CAD |
| Land Assessment | $345,596 CAD | Total Assessment | $687,595 CAD |
Property Taxes
Parcel Number
01521225
Land Assessment
$345,596 CAD
Improvements Assessment
$341,999 CAD
Total Assessment
$687,595 CAD
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860 45th St
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