3351 E Princess Anne Rd | Norfolk, VA 23502
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- LoopNet Team
3351 E Princess Anne Rd
Norfolk, VA 23502
$1 Auction - Former SunTrust Bank – 36K VPD · Retail Property For Sale
Investment Highlights
- ABSOLUTE $1 AUCTION | 36K VPD | 1.6 AC Redevelopment | AUCTION MAY 13-15, 2024
- Current Building/Structure Will Most Likely Need to Be Demolished, Allowing for Significant Value Add Via Redevelopment
- Neighboring Retailers include Walmart, Wawa, Waffle House, Hardee’s, Family Dollar, Piggly Wiggly, and more
- 1.627 AC, Value Add Retail Redevelopment Opportunity (Former SunTrust Bank) Available Significantly Below Market Value
- ±36,286 VPD Combined Traffic Counts via E Princess Anne Rd right-of-way (±21,330 VPD) as well as Direct Frontage on Ingleside Rd (±14,956 VPD) and Ent
- Strategic Positioning Adjacent to Norfolk Industrial Park (One of Region’s Largest) with ±350 Acres and ±300 Businesses
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
3,038 SF
Building Class
B
Year Built
1990
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.63 AC
Zoning
BC2
Parking
39 Spaces (12.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 60083810 | Improvements Assessment | $215,400 |
| Land Assessment | $639,000 | Total Assessment | $854,400 |
Property Taxes
Parcel Number
60083810
Land Assessment
$639,000
Improvements Assessment
$215,400
Total Assessment
$854,400
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