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745 Granby St 39,037 SF Retail Building Norfolk, VA 23510 $2,540,000 ($65.07/SF)
Investment Highlights
- 1.103 acre site
- Flexible D-AD zoning
- New surrounding developments
- Great visibility
- Ample parking
Executive Summary
Positioned in the heart of Norfolk’s vibrant NEON Arts District and just seconds from Downtown Norfolk, this property presents a rare opportunity for an owner-occupant, investor, or for redevelopment. With over one acre of land, and great visibility to Granby Street, the site offers significant potential for a variety of
uses, including office, retail, hospitality, or multifamily. Properties of this size and location rarely become available, making this a truly unique opportunity in one of Norfolk’s most sought after districts.
uses, including office, retail, hospitality, or multifamily. Properties of this size and location rarely become available, making this a truly unique opportunity in one of Norfolk’s most sought after districts.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
39,037 SF
Building Class
C
Year Built
1917
Price
$2,540,000
Price Per SF
$65.07
Tenancy
Single
Building Height
2 Stories
Building FAR
0.81
Lot Size
1.10 AC
Zoning
D-AD - Downtown Arts and Cultural District
Frontage
Amenities
- Bus Line
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Virginia Furniture Co
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Virginia Furniture Co | Retailer | - | - | - |
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 26092900 | Improvements Assessment | $709,200 |
| Land Assessment | $678,500 | Total Assessment | $1,387,700 |
Property Taxes
Parcel Number
26092900
Land Assessment
$678,500
Improvements Assessment
$709,200
Total Assessment
$1,387,700
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745 Granby St
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