For Sale
$13,500,000

240 Corporate BlvdNorfolk, VA 23502

Prime Norfolk Office, 94,027 SF, $13.5M

Overview

Added:
Dec 11, 2024
Days on market:
114
The Riverside Corporate Center, located at 240 Corporate Blvd, Norfolk, VA 23502, presents a compelling investment opportunity. This four-story, 94,027 square foot office building, constructed in 1989, sits on a 4.9-acre lot and offers both executive and traditional office spaces. The property is situated in a highly desirable location within the Hampton Roads area, benefiting from excellent access to major transportation arteries including I-64 and I-264. Public transportation is readily available via The Tide Light Rail (Military Highway Station) and an HRT bus stop directly at the intersection of Corporate and Military Boulevards. The building operates under an Absolute NNN lease type with multiple tenants. The asking price is $13,500,000, translating to a price per square foot of $143.58. The property's strategic location provides easy access to a variety of amenities, including numerous restaurants and retail establishments. Furthermore, its proximity to the Military Circle Mall, slated for a significant mixed-use redevelopment, promises future growth and increased value. This presents a rare opportunity to acquire a substantial, well-located office building in a thriving market.

Highlights

  • Excellent walkability to diverse restaurants and retail options.
  • Proximity to Military Circle Mall, undergoing a significant mixed-use redevelopment.

Property Details for 240 Corporate Blvd

Property type
Office properties
Square Feet
94,027 SF
Year Built
1989
Buildings
1
Stories
4
Lot Size (sq. ft)
213,444 SF

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.837020325565
Longitude
-76.212333357652
240 Corporate Blvd, Norfolk, Virginia

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240 Corporate Blvd
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