1200 N Military Hwy | Norfolk, VA 23502
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- LoopNet Team
1200 N Military Hwy
Norfolk, VA 23502
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-term ground lease for 30+ years
- Highly visible property adjacent to Walmart
- High traffic count (43,000 vpd)
- Strong subtenants in place
- Major retail corridor (Target, Home Depot, TJ Maxx, Chick-fil-A, Wawa, Starbucks & more)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
61,349 SF
Building Class
B
Year Built
1979
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.22
Lot Size
6.50 AC
Zoning
C-2
Parking
325 Spaces (6.06 Spaces per 1,000 SF Leased)
Frontage
766’ on Lowery Rd
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Food Court
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 26036600 | Improvements Assessment | $8,525,100 |
| Land Assessment | $8,009,100 | Total Assessment | $16,534,200 |
PROPERTY TAXES
Parcel Number
26036600
Land Assessment
$8,009,100
Improvements Assessment
$8,525,100
Total Assessment
$16,534,200
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