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902 Graydon Ave 6,541 SF Office Building Norfolk, VA 23507 $900,000 ($137.59/SF)
INVESTMENT HIGHLIGHTS
- Located in Norfolk’s sought-after Ghent/West Ghent district
- Strong redevelopment opportunity
- Walkable to restaurants, grocers, breweries, and banks
- Excellent visibility with 30,000 vehicles daily on Hampton Blvd
- Zoned C-C with Coastal Resilience Overlay for flexible use
EXECUTIVE SUMMARY
This property presents a rare opportunity to own property on Hampton Boulevard in the Ghent / West Ghent submarket in Norfolk, Virginia. This property benefits from a very central and visible location in direct view of an enormous amount of daily traffic and it’s close proximity to the Interstate system, the midtown tunnel, CHKD, Sentara Norfolk General Hospital, Downtown Norfolk, Old Dominion University, the Rail Yard Retail, and the Norfolk Naval Base.
The property lends itself to a host of uses, including retrofit of the existing building to newer office or retail use, redevelopment to general or medical office, single or multi family housing, bank branch, Day Care, school, etc.
The property lends itself to a host of uses, including retrofit of the existing building to newer office or retail use, redevelopment to general or medical office, single or multi family housing, bank branch, Day Care, school, etc.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,541 SF
Building Class
C
Year Built
1920
Price
$900,000
Price Per SF
$137.59
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,270 SF
Building FAR
0.30
Lot Size
0.50 AC
Zoning
C-C
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Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 27620826 | Improvements Assessment | $126,800 |
| Land Assessment | $535,300 | Total Assessment | $662,100 |
PROPERTY TAXES
Parcel Number
27620826
Land Assessment
$535,300
Improvements Assessment
$126,800
Total Assessment
$662,100
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902 Graydon Ave
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