2506 Colley Ave 11,591 SF 100% Leased Industrial Building Norfolk, VA 23517 $895,000 ($77.22/SF)

2506 Colley Avenue presents an opportunity to acquire a freestanding industrial asset in Norfolk’s Historic Railroad District, positioned along Colley Avenue near the Ghent and West Ghent neighborhoods. The two-story concrete and block building is configured to support a variety of light industrial operations, including warehousing, wholesale distribution, light fabrication, manufacturing, assembly, repair, and service uses permitted under its I-L (Light Industrial) zoning designation. The first floor includes warehouse and storage areas served by grade-level loading doors, while the site also features fenced outdoor storage and secured on-site parking.
The property benefits from a highly accessible central Norfolk location with convenient connections to the regional transportation network, including Interstate access and the Midtown Tunnel. Nearby demand generators include Downtown Norfolk, Old Dominion University, CHKD, Sentara Norfolk General Hospital, Norfolk Naval Base, Norfolk International Terminals, BAE Systems, and Colonna’s Shipyard. These institutional, military, healthcare, and maritime employment centers contribute to sustained industrial and commercial activity throughout the surrounding market.
In addition to its functional industrial improvements, the property offers visibility along Colley Avenue and proximity to restaurants, retailers, banking services, coffee shops, and neighborhood amenities within walking distance. The combination of warehouse capability, office support space, secured storage, and central infill positioning creates flexibility for owner-users, service businesses, light manufacturers, and investors seeking a well-located industrial asset within Norfolk’s established urban core.
The property is located within a designated Opportunity Zone, Hub Zone, and Enterprise Zone. Qualifying investments may be eligible for applicable Opportunity Zone tax benefits.