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111 Pennsylvania Ave 2,121 SF Vacant Office Building Norfolk, VA 23504 $485,000 ($228.67/SF)
Investment Highlights
- Open floor plan and open ceilings
- Various rooms for leasing
- Creative Space Opportunity
- One block off major road with heavy traffic
Executive Summary
Owner occupant opportunity or investment opportunity. Located off major road in the city of Norfolk with opportunity to provide service business or retail business to surrounding area. Open flooring and open ceiling, very attractive. 8 office spaces, Kitchen, commercial sink, storage room, water fountain and two restrooms. Great for art studio, yoga studio, classes, and other creative needs. Private parking and street parking.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
2,121 SF
Building Class
B
Year Built
1972
Price
$485,000
Price Per SF
$228.67
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,121 SF
Building FAR
0.44
Lot Size
0.11 AC
Zoning
C-2 - Corridor Commercial
Parking
6 Spaces (2.83 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Air Conditioning
- Smoke Detector
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 32116700 | Improvements Assessment | $146,500 |
| Land Assessment | $64,500 | Total Assessment | $211,000 |
Property Taxes
Parcel Number
32116700
Land Assessment
$64,500
Improvements Assessment
$146,500
Total Assessment
$211,000
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111 Pennsylvania Ave
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