410 21St StNorfolk, VA 23517

Property Details for 410 21St St

Year built

1946

Lot size

0.13 AC

Property size (Sq ft)

2,880 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

44736100

APU

44736100

Description

This exceptional single-tenant retail property, located at 410 W 21st St, Norfolk, Virginia 23517, offers 2,870 square feet of versatile commercial space. Built in 1970, this one-story building is situated in a C-2 zoned area and features ample parking with 11 spaces available. The property's convenient location on W 21st Street provides excellent visibility and accessibility for customers. Ideal for a variety of retail businesses, this property presents a unique opportunity for entrepreneurs and established businesses alike. The single-tenancy aspect offers streamlined management and control. The absence of elevators is noted, reflecting the single-story design. This property is a solid investment opportunity in a thriving Norfolk location. The building's age and single-story construction contribute to its character and potential for customization. With its convenient parking and prime location, this retail space is poised for success. Serious inquiries are encouraged to explore the potential of this well-positioned commercial property. The property's address is easily accessible via the cross street, W 21st Street, and its zip code is 23517.

• CAP approach

  CAP return

  Valuation

  6%

  $893,997

  6.5%

  $825,228

  7%

  $766,283

• Comparable approach

  Method

  Valuation

  Relative Method

  $929,940

  Geo Method

  $1,212,092

• Alternative Use

  Use

  Valuation

  Residential

  $696,111

  Hospitality

  $637,634

  Educational

  $530,504

  Medical

  $548,748

  Retail

  $825,228

Location Insight

City

Norfolk

County

Norfolk City

State

Virginia

Latitude

36.869

Longitude

-76.2905

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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