Log In/Sign Up
Your email has been sent.
241 Granby St - Former Brick Anchor | Unit 10 Only* 6,400 SF Retail Condo Unit Offered at $1,400,000 in Norfolk, VA 23510
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 9.70% |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.70% |
Description
Investment Opportunity: Fully LEASED (5-year term with Options for renewal) Historic Downtown Restaurant | For Sale
Secure a prime income-producing asset in the heart of Norfolk’s historic downtown district. This centrally located bar and restaurant space is fully leased, offering immediate cash flow with a five-year lease in place and a five-year renewal option. Positioned in a high-visibility, walkable corridor surrounded by offices, residential developments, and waterfront attractions, this property benefits from steady foot traffic and strong long-term growth fundamentals.
An ideal opportunity for investors seeking stable returns in one of Hampton Roads’ most vibrant commercial hubs.
Secure a prime income-producing asset in the heart of Norfolk’s historic downtown district. This centrally located bar and restaurant space is fully leased, offering immediate cash flow with a five-year lease in place and a five-year renewal option. Positioned in a high-visibility, walkable corridor surrounded by offices, residential developments, and waterfront attractions, this property benefits from steady foot traffic and strong long-term growth fundamentals.
An ideal opportunity for investors seeking stable returns in one of Hampton Roads’ most vibrant commercial hubs.
Sale Notes
DO NOT DISTURB TENANT. Please direct all questions/offers to Pooya 757.724.1547 pooya.mohit@atlanticsir.com, or Erin 757.288.0318 erin.brown@atlanticsir.com. PLEASE include the property address as the subject line on all emails. Note: Condo fees are $1,500/month.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 10 | 6,400 SF | Retail | $1,400,000 ($218.75/SF) | $135,800 |
Unit 10
| Unit Size |
| 6,400 SF |
| Condo Use |
| Retail |
| Price |
| $1,400,000 ($218.75/SF) |
| NOI |
| $135,800 |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 10
| Unit Size | 6,400 SF |
| Condo Use | Retail |
| Price | $1,400,000 ($218.75/SF) |
| NOI | $135,800 |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.70% |
| Description | |
| Investment Opportunity: Fully LEASED (5-year term with Options for renewal) Historic Downtown Restaurant | For Sale <br> <br> Secure a prime income-producing asset in the heart of Norfolk’s historic downtown district. This centrally located bar and restaurant space is fully leased, offering immediate cash flow with a five-year lease in place and a five-year renewal option. Positioned in a high-visibility, walkable corridor surrounded by offices, residential developments, and waterfront attractions, this property benefits from steady foot traffic and strong long-term growth fundamentals.<br> <br> An ideal opportunity for investors seeking stable returns in one of Hampton Roads’ most vibrant commercial hubs.</li></ul> | |
| Sale Notes | |
| DO NOT DISTURB TENANT. Please direct all questions/offers to Pooya 757.724.1547 pooya.mohit@atlanticsir.com, or Erin 757.288.0318 erin.brown@atlanticsir.com. PLEASE include the property address as the subject line on all emails. Note: Condo fees are $1,500/month.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 6,400 SF | Floors | 2 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 3,200 SF |
| Property Subtype | Year Built | 1905 | |
| Building Class | B | Lot Size | 0.08 AC |
| Zoning | 52 | ||
| Total Building Size | 6,400 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 3,200 SF |
| Year Built | 1905 |
| Lot Size | 0.08 AC |
| Zoning | 52 |
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
241 Granby St - Former Brick Anchor | Unit 10 Only*
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.