For Sale
$1,200,000

211 Freemason StNorfolk, VA 23510

Prime location, owner-user opportunity, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional mixed-use property at 211 W Freemason St, Norfolk, VA 23510 presents a unique owner-user investment opportunity. The 4,925 square foot building, constructed in 1955, boasts a desirable D-3 zoning designation. The two-story structure offers a blend of commercial and residential space, perfectly suited for a variety of uses. The first floor encompasses approximately 2,800 square feet of creative office space, currently leased to Sway Creative Labs, an independent advertising agency. This provides immediate rental income for an owner-occupant. The second floor features a luxurious 2,200 square foot apartment complete with a private rooftop deck, offering significant potential for rental income or personal use. The property's prime location in vibrant Downtown Norfolk places it within easy reach of numerous shopping, dining, and entertainment options. Its adjacency to the Freemason Abbey Restaurant further enhances its desirability. The asking price is $1,200,000, translating to $243.65 per square foot. This represents a compelling investment opportunity with significant upside potential in a thriving urban setting. The property's versatile layout and prime location make it an ideal choice for discerning investors seeking a blend of income generation and personal use.

Highlights

  • $1,200,000 asking price for this mixed-use property.
  • 4,925 square feet of net rentable space in a two-story building.
  • Located at 211 W Freemason St, Norfolk, VA 23510, in a vibrant downtown area near restaurants and entertainment.
  • Features 2,800 square feet of creative office space (currently leased) and a 2,200 square foot luxury apartment with a rooftop deck.
  • Built in 1955, with D-3 zoning.

Property Details for 211 Freemason St

Property type
Retail properties, Office properties
Square Feet
4,925 SF
Year Built
1955
Stories
2

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.8515735
Longitude
-76.2916943
211 Freemason St, Norfolk, Virginia

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211 Freemason St
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