7851 Azalea Garden Rd 2 biens • Local d'activités • À vendre 5 444 088 $ CAD • Norfolk, VA

This is a prime investment opportunity in Norfolk, Virginia, featuring a ±33,100 SF multi-building property on ±1.98 acres along Azalea Garden Road. The asset is strategically positioned near major thoroughfares, including I-64 and E. Little Creek Road, providing excellent regional connectivity and visibility. The property is zoned C-C (Community Commercial District), making it suitable for a variety of commercial uses.
The site includes three buildings, two of which are fully leased to established tenants, including a national brand, Sixt Rent-A-Car, ensuring stable income. Building A, totaling 13,100 SF, is available for an owner-occupant or future tenant, offering a mix of 6,100 SF showroom space and 7,000 SF of new office area. The property features two access points, fenced and gated parking, monument signage, and all new HVAC units. Ceiling heights range from 9 to 22 feet, and the property is equipped with single-phase power (600 amp / 240v).
With a current NOI of $253,900 and a projected NOI of $433,501, this property offers strong income potential and an attractive projected CAP rate of 11.11%. The asking price is $3,900,000 ($117.82 PSF), making this an exceptional opportunity for investors seeking a stabilized asset with upside in a growing market.