1221 Little Creek RdNorfolk, VA 23518

Property Details for 1221 Little Creek Rd

Lot size

1.23 AC

Property size (Sq ft)

4,862 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

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.

Location Insight

City

Norfolk

County

Norfolk City

State

Virginia

Latitude

36.9149

Longitude

-76.2377

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