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416-424 W 25th St 9,023 SF 100% Leased Retail Building Norfolk, VA 23517 $1,100,000 ($121.91/SF)
Investment Highlights
- Two garage doors and two overhead doors
- Located in Historic District, Enterprise Zone, Opportunity Zone, and HUB Zone
- All three addresses separately metered, allowing building to be subdivided and units rented separately
- Professional showroom with built in displays and retail counter
- Off-street parking on-site
Executive Summary
Presenting a rare opportunity to acquire a 10,292 SF multi-use light industrial complex spanning two contiguous parcels in Norfolk's Park Place neighborhood. Zoned I-L (Light Industrial), this versatile property is exceptionally well-suited for owner-users, investors, and operators seeking a strategic combination of warehouse, office, and showroom space within a single consolidated footprint. The complex is vacant and available for immediate occupancy, offering a broad range of permitted uses under Norfolk's I-L zoning designation, as well as falling in an Enterprise Zone, HUB Zone, and Opportunity Zone. The property's diverse functional zones — open warehouse bays, finished private offices, and a purpose-built showroom/counter area — provide a turnkey solution for businesses that need operational flexibility under one roof.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,023 SF
Building Class
B
Year Built
1949
Price
$1,100,000
Price Per SF
$121.91
Percent Leased
100%
Building Height
1 Story
Building FAR
0.53
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
I-L - Per Norfolk Zoning, “The purpose of the Industrial - Light district is to provide lands to accommodate a range of primarily indoor industrial uses
Frontage
160’ on W 25th St
Amenities
- Mezzanine
- Security System
- Signage
- Storage Space
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05791700 | Improvements Assessment | $146,600 |
| Land Assessment | $94,500 | Total Assessment | $241,100 |
Property Taxes
Parcel Number
05791700
Land Assessment
$94,500
Improvements Assessment
$146,600
Total Assessment
$241,100
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416-424 W 25th St
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