2601 Colley Ave Norfolk, VA 23517

This exceptional Class A industrial property, located at 2601 Colley Ave, Norfolk, VA 23517, offers 7,720 square feet of versatile flex space, ideally suited for a variety of businesses. The building, constructed in 2009, features a desirable blend of office and warehouse space, with 3,120 square feet dedicated to office areas (40%) and 4,600 square feet to warehouse space (60%). The warehouse boasts a 22-foot clear ceiling height and a convenient overhead door. Ample parking is provided with 22 spaces. The property sits on a 24,995 square foot lot and is zoned IL. Currently available for sale at $1,500,000, representing a compelling 6.80% cap rate with a Net Operating Income (NOI) of $102,000. The sale is a fee simple ownership with a NNN lease type and single tenancy. The property enjoys excellent visibility on Colley Avenue, north of Ghent, and benefits from its proximity to Downtown Norfolk, major transportation hubs including Norfolk International Airport, Naval Bases, and Shipyards, as well as Old Dominion University. The location also offers advantages within designated Enterprise Zone, Technology Zone, Opportunity Zone, and HUB Zone designations. The property is available for occupancy on August 1, 2024. A potential sale-leaseback option may be available for owner-users. This prime location and strong financial performance make this an attractive investment opportunity.