744 25Th StNorfolk, VA 23504

  • Industrial properties
  • 7,174 SF
For Lease
$12/SF/YR View listing

Property Details for 744 25Th St

Year built
1954
Lot size
0.22 AC
Property size (Sq ft)
7,174 SF
Zone code
I-1
Property type
Industrial properties
Property subtype
Other warehouses
APN
24580500
APU
24580500

Description

This exceptional 7,174 square foot industrial property, located at 744 E 25th St in Norfolk, Virginia, presents a unique investment opportunity. Originally configured as a collision center, this single-tenant building sits on a 0.513-acre lot and offers significant potential for various uses. Built in 1954, the structure boasts two 10x12 grade-level loading docks, providing convenient access for loading and unloading. The interior features a fully equipped paint booth and mixing area, ideal for automotive repair or related businesses. In addition to the main workshop area, the property includes three private offices, two bathrooms, and one shower, offering ample space for administrative functions. The building is equipped with ceiling-mounted gas heaters, ensuring a comfortable work environment year-round. The entire 7,174 square feet is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's specific needs. The property's location in Norfolk, VA, 23504, offers excellent access to major transportation routes and a thriving local economy. This versatile space is perfect for a variety of industrial or flex uses, making it an attractive option for both owner-occupiers and investors.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,733,992
    Hospitality
    $1,588,328
    Educational
    $1,321,470
    Medical
    $1,366,917
    Retail
    $2,055,620
744 25Th St, Norfolk, Virginia

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.8697
Longitude
-76.278
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,656
$84,400
$208,100
$292,500
-
$84,400
$208,100
$292,500

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