941 Norfolk SqNorfolk, VA 23502

  • Manufacturing properties
  • 4,704 SF
For Sale
$825,000 View listing

Property Details for 941 Norfolk Sq

Year built
1967
Lot size
0.44 AC
Property size (Sq ft)
4,704 SF
Zone code
BC-1
Property type
Manufacturing properties
APN
31048200
APU
31048200

Description

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

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
$8,906
$114,900
$597,600
$712,500
-
$114,900
$597,600
$712,500

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