For Sale
$1,300,000

1221 Little Creek RdNorfolk, VA 23518

Prime Norfolk location, 4,862 SF, 1.23 acres

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 4,862 square foot retail building sits on a 1.23-acre lot in Norfolk, Virginia, at 1221 E Little Creek Rd, zip code 23518. Previously occupied by SunTrust and Truist Bank, the property boasts three drive-thru lanes, a spacious concrete parking lot accommodating 58 vehicles, and attractive landscaping. The building's strategic location at the intersection of E. Little Creek Road (33,782 vehicles per day) and Military Highway (22,403 vehicles per day) ensures high visibility and accessibility. This prime commercial site is part of a vibrant trade area, surrounded by various stores, fast-food restaurants, and car dealerships, serving the communities of Ocean View, Bayview, and Larrymore Lawns. The property is ideal for redevelopment or as a new bank branch. The asking price is $1,300,000. A lease option is also available at a rate of $16.45 per square foot, absolute net. The single-story building offers superior ingress and egress, making it a highly desirable location for a variety of businesses.

Highlights

  • $1,300,000 asking price for a 4,862 SF retail building on a 1.23-acre lot.
  • Former SunTrust and Truist bank branch with three drive-thru lanes, 58 parking spaces, and landscaping.
  • Excellent location at the intersection of E. Little Creek Road (33,782 VPD) and Military Highway (22,403 VPD).
  • High-traffic area with surrounding stores, fast food, and auto sales, serving Ocean View, Bayview, and Larrymore Lawns residents.
  • Available for sale or lease; lease rate: $16.45 PSF, absolute net.

Property Details for 1221 Little Creek Rd

Property type
Retail properties, Banks
Square Feet
4,862 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
53,579 SF

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.914901
Longitude
-76.2377016
1221 Little Creek Rd, Norfolk, Virginia

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1221 Little Creek Rd
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