For Lease
$16.45/SF/YR

1221 Little Creek RdNorfolk, VA 23518

Retail space, 4,862 sqft, 1.23 acres

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional commercial property, located at 1221 E Little Creek Road in Norfolk, Virginia, presents a unique investment opportunity. The property encompasses a total of 4,862 square feet of retail space situated on a generous 1.23-acre lot. Currently, the entire space is vacant, offering immediate occupancy for a single tenant or the potential for multiple tenants. The property's zoning allows for a variety of retail uses, making it an ideal location for businesses seeking high visibility and accessibility. The asking price for the sale of this property is $1,300,000, representing a significant price reduction. The property's prime location in Norfolk, Virginia, with its zip code 23518, ensures high traffic volume and excellent exposure to potential customers. The ample lot size provides ample parking and potential for future expansion. This is a rare opportunity to acquire a substantial retail property in a thriving commercial area. The property is available for both sale and lease, offering flexibility to potential buyers and tenants. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is classified as both Retail and Land, offering versatility in its potential uses. The entire 4,862 square feet is currently vacant, presenting a blank canvas for a new business venture or a multi-tenant retail complex.

Highlights

  • 4,862 SF retail building on a 1.23-acre lot.
  • Former SunTrust and Truist bank branch with three drive-thru lanes, 58-space parking lot, and landscaping.
  • Excellent ingress/egress at the intersection of E. Little Creek Road (33,782 VPD) and Military Highway (22,403 VPD).
  • Located in a high-traffic commercial area serving Ocean View, Bayview, and Larrymore Lawns.
  • Currently vacant, ideal for redevelopment or a new bank branch; lease rate: $16.45 PSF, absolute net.

Property Details for 1221 Little Creek Rd

Property type
Retail properties, Land
RSF (Rentable sq. ft)
4,862 SF

Unit(s) available at that property

Space
Available Space
Size
53,579 SF
Rate per SF
$16.45

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.914848
Longitude
-76.2376568
1221 Little Creek Rd, Norfolk, Virginia

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Contacts

Bob King
Bob King
Ryan King
Ryan King
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1221 Little Creek Rd, Norfolk, Virginia, 23518

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1221 Little Creek Rd
  • Bob King
    Bob King
  • Ryan King
    Ryan King
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