Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

964 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

2414 Granby St 4,761 SF 100% Leased Flex Building Norfolk, VA 23517 $695,000 ($145.98/SF) 7.92% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Fully refurbished in 2022
2 occupants

Fully rented

EXECUTIVE SUMMARY

Investment opportunity. Fully leased Building, refurbished in 2022 with adjacent Lot for storage or parking. Good 'Ghent' location 5 minutes from Downtown Norfolk. 2 separate leases to the same organization. Apartment lease is an annual one-year lease. The 1st Floor lease expires in March 2026 with 3 one-year options to extend. All rents current and paid on time. 1031 exchange opportunity.

2414 2418 Granby Street

Offerring 2414 Granby

PROPERTY FACTS

Price	$695,000	Lot Size	0.06 AC
Price Per SF	$145.98	Rentable Building Area	4,761 SF
Sale Type	Investment	No. Stories	2
Cap Rate	7.92%	Year Built/Renovated	1917/2022
Property Type	Flex Office Office Residential	Parking Ratio	1.89/1,000 SF
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	I-1 - I-1

Price	$695,000
Price Per SF	$145.98
Sale Type	Investment
Cap Rate	7.92%
Property Type	Flex Office Office Residential
Building Class	B
Lot Size	0.06 AC
Rentable Building Area	4,761 SF
No. Stories	2
Year Built/Renovated	1917/2022
Parking Ratio	1.89/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	I-1 - I-1