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Investment Highlights
- Ten grade-level roll-up doors and clear heights from 13’ to 20’.
- Located in Norfolk’s Enterprise Zone with potential incentives.
- Fenced and stabilized yard for secure outdoor storage.
Executive Summary
3002 Arizona Avenue presents an exceptional opportunity to acquire a versatile industrial property in Norfolk, Virginia. This ±21,541 SF facility sits on ±0.62 acres and offers a combination of warehouse, fabrication, and office space, making it ideal for a wide range of industrial and service-oriented businesses. The property includes a ±17,366 SF main warehouse, ±2,375 SF fabrication shop, and ±1,800 SF of office space, providing a balanced layout for operational efficiency.
Constructed with durable metal framing, the building features clear heights ranging from 13 to 20 feet, ten grade-level roll-up doors, and 3-phase power, ensuring robust functionality for manufacturing, distribution, or specialty trade operations. Additional amenities include a fenced and stabilized yard, offering secure outdoor storage and operational flexibility.
Strategically located within Norfolk’s Enterprise Zone, the property qualifies for potential tax and business incentives, enhancing its long-term investment appeal. Its proximity to major transportation routes and the Port of Virginia terminals positions it as a strong choice for businesses seeking regional connectivity and logistical advantages.
With a competitive asking price of $1,400,000 and the option for a long-term lease, 3002 Arizona Avenue is a rare opportunity for owner-users or investors looking to secure a well-located industrial asset in a high-demand market.
Constructed with durable metal framing, the building features clear heights ranging from 13 to 20 feet, ten grade-level roll-up doors, and 3-phase power, ensuring robust functionality for manufacturing, distribution, or specialty trade operations. Additional amenities include a fenced and stabilized yard, offering secure outdoor storage and operational flexibility.
Strategically located within Norfolk’s Enterprise Zone, the property qualifies for potential tax and business incentives, enhancing its long-term investment appeal. Its proximity to major transportation routes and the Port of Virginia terminals positions it as a strong choice for businesses seeking regional connectivity and logistical advantages.
With a competitive asking price of $1,400,000 and the option for a long-term lease, 3002 Arizona Avenue is a rare opportunity for owner-users or investors looking to secure a well-located industrial asset in a high-demand market.
Property Facts
| Price | $1,400,000 | Rentable Building Area | 21,541 SF |
| Price Per SF | $64.99 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1959 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 15’ |
| Building Class | C | No. Dock-High Doors/Loading | 10 |
| Lot Size | 0.62 AC | No. Drive In / Grade-Level Doors | 10 |
| Zoning | I-3 | ||
| Price | $1,400,000 |
| Price Per SF | $64.99 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.62 AC |
| Rentable Building Area | 21,541 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Tenancy | Single |
| Clear Ceiling Height | 15’ |
| No. Dock-High Doors/Loading | 10 |
| No. Drive In / Grade-Level Doors | 10 |
| Zoning | I-3 |
Amenities
- Fenced Lot
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Property Taxes
| Parcel Number | 41316601 | Improvements Assessment | $465,500 |
| Land Assessment | $167,900 | Total Assessment | $633,400 |
Property Taxes
Parcel Number
41316601
Land Assessment
$167,900
Improvements Assessment
$465,500
Total Assessment
$633,400
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3002 Arizona Ave
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