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860 45th St 12,620 SF 100% Leased Industrial Building Norfolk, VA 23508 $775,000 ($61.41/SF)
Investment Highlights
- I-2 industrial zoning supports a variety of warehouse and business uses.
- Three large bay doors support loading and operational efficiency.
- Exterior area can support additional storage or parking functions.
- Dedicated office area is integrated with open warehouse space.
- Multiple power supplies accommodate diverse industrial operations.
- Central Norfolk location with access to major transportation corridors.
Executive Summary
860 45th Street presents an opportunity to acquire an industrial warehouse asset in Norfolk's Highland Park West area. The property consists of a 12,620 ± SF warehouse situated on approximately 0.40 acres and is zoned I-2, supporting a variety of industrial and commercial operations. The existing layout combines a dedicated office component with a large open warehouse area, allowing users to accommodate administrative and operational functions within a single facility.
Property Facts
| Price | $775,000 | Lot Size | 0.40 AC |
| Price Per SF | $61.41 | Rentable Building Area | 12,620 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1940 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | I-2 | ||
| Price | $775,000 |
| Price Per SF | $61.41 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.40 AC |
| Rentable Building Area | 12,620 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | I-2 |
Utilities
- Lighting
- Gas
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
20/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 01521225 | Improvements Assessment | $247,200 |
| Land Assessment | $249,800 | Total Assessment | $497,000 |
Property Taxes
Parcel Number
01521225
Land Assessment
$249,800
Improvements Assessment
$247,200
Total Assessment
$497,000
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860 45th St