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3345 N Military Hwy 6,365 SF Retail Building Norfolk, VA 23518 $1,695,000 ($266.30/SF)
INVESTMENT HIGHLIGHTS
- High Traffic Frontage, Convenient Location
- Redevelopment Potential
- Multiple Profitable Business Operations with Full Automotive Use Licensing
EXECUTIVE SUMMARY
OWNER FINANCING POSSIBLE......Recent 100K Price Reduction........Turnkey Business Opportunity with a high traffic location with a ton of 5 star Google reviews. Includes: Full scale used car dealership, the business plus its name (if desired), a full service permitted repair shop (leased, short term), detailing facility (leased, short term), tire shop w/large tire inventory, majority of equipment, all updated licenses, plenty of office space, counter and desk area, sitting area, 2 restrooms and single bay garage with canopy extension. 3 Bay Garage (1 repair, 2 tire installation). 2 sheds. Car inventory negotiable. Near I-64, Norfolk airport, Norfolk commerce park. Prime North Military Highway location by Norfolk international Airport and Norfolk Commerce Park between Azalea Garden Road and I64. Alternatively, potential redevelopment site for a variety of uses. Office/Showroom has clear span joist allowing for full reconfiguration of interior space.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$8,514
|
$1.34
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,514
|
$1.34
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025)
| Taxes | |
|---|---|
| Annual | $8,514 |
| Annual Per SF | $1.34 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $8,514 |
| Annual Per SF | $1.34 |
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
6,365 SF
Building Class
C
Year Built
1978
Price
$1,695,000
Price Per SF
$266.30
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.56 AC
Zoning
C-C - General business, Community Commercial
Parking
25 Spaces (3.93 Spaces per 1,000 SF Leased)
Frontage
111’ on N. Military Hwy
AMENITIES
- Bus Line
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13004622 | Total Assessment | $703,300 |
| Land Assessment | $290,600 | Annual Taxes | $8,514 ($1.34/SF) |
| Improvements Assessment | $412,700 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
13004622
Land Assessment
$290,600
Improvements Assessment
$412,700
Total Assessment
$703,300
Annual Taxes
$8,514 ($1.34/SF)
Tax Year
2025
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3345 N Military Hwy
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