This exceptional 4,704 square foot building, situated on a fenced .44-acre lot in Norfolk, Virginia (zip code 23502), presents a unique investment opportunity. The property boasts a strategic location offering easy access to Interstates 264 and 64, ensuring seamless transportation and logistics. The building is zoned BC-I (Business & Commerce Park-Industrial), allowing for a variety of uses including business, research, light industrial, and manufacturing activities. The versatile layout includes 1,800 square feet of well-appointed office space, complete with a convenient kitchenette, perfect for administrative functions or executive suites. The remaining 2,904 square feet comprises a spacious shop area, ideal for storage, production, or workshop activities. Access to the shop area is facilitated by a 10' x 10' grade-level loading door, streamlining loading and unloading operations. This property's combination of office and warehouse space, coupled with its prime location and flexible zoning, makes it an attractive option for a wide range of businesses seeking a functional and strategically located facility. The asking price for this exceptional property is $825,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$1,136,981
Hospitality
$1,041,468
Educational
$866,489
Medical
$896,289
Retail
$1,347,872
Location Insight
City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.8542
Longitude
-76.233
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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