220 25Th StNorfolk, VA 23517

Property Details for 220 25Th St

Year built

1955

Lot size

0.30 AC

Property size (Sq ft)

7,110 SF

Zone code

I-1

Property type

Showrooms

APN

26709000

APU

26709000

Description

This exceptional Norfolk, VA property at 220 W 25th St offers 12,180 square feet of versatile space, perfect for a variety of retail and warehouse uses. Currently, 8,622 square feet are immediately available, divisible into units as small as 2,800 square feet, with a maximum contiguous space of 8,622 square feet. The single-story building, constructed in 1954, sits on a 0.44-acre lot and features multiple tenancy options. Its prime location in the Norfolk Railroad District places it amongst thriving businesses, including The Fishin Pig, Rip Rap Brewery, Coalescence Coffee Company, and Union Taco, ensuring high visibility and foot traffic. The property's adaptable layout makes it ideal for businesses seeking a blend of retail storefront and warehouse storage, or for multiple tenants seeking smaller, efficient spaces. This is a rare opportunity to secure a well-located, established property in a vibrant and growing area of Norfolk. The property's size and layout offer significant flexibility for a range of business needs, making it an attractive investment for both established businesses and new ventures. Don't miss this chance to establish your business in this dynamic location. Contact us today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,207,055

  6.5%

  $2,037,281

  7%

  $1,891,761

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,295,790

  Geo Method

  $2,992,352

• Alternative Use

  Use

  Valuation

  Residential

  $1,718,523

  Hospitality

  $1,574,158

  Educational

  $1,309,681

  Medical

  $1,354,723

  Retail

  $2,037,281

Location Insight

City

Norfolk

County

Norfolk City

State

Virginia

Latitude

36.87

Longitude

-76.2818

CBSA code

47260

CBSA name

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

Property Tax & Assessments

FAQs

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