3321 Princess Anne RdNorfolk, VA 23502

  • Industrial properties
  • 180,600 SF
For Lease

Property Details for 3321 Princess Anne Rd

Year built
1959
Lot size
13.49 AC
Property size (Sq ft)
180,600 SF
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
43444301
APU
43444301

Description

This exceptional industrial property, located at 3321 E. Princess Anne Road in Norfolk, Virginia, offers a substantial 294,657 square feet of warehouse and distribution space. Currently, up to 193,771 square feet is available for lease, divisible into units ranging from 38,663 to 113,450 contiguous square feet. Built in 1959 and extensively renovated in 2022, the Class B building boasts impressive ceiling heights ranging from 21 to 24 feet and 36 feet in certain areas. The property features robust power capabilities with a 2000 Amp, 480 Volt system. Situated on a 12.24-acre lot, its strategic location within the Norfolk Industrial Park provides easy access to major transportation arteries and ports. The property is zoned BC-I (Business and Commerce Park - Industrial) and benefits from its location within an Enterprise Zone. This presents a unique opportunity for businesses seeking flexible, high-quality warehouse space in a prime Norfolk location. The property's size and layout offer significant adaptability for a variety of industrial and distribution needs. Contact us today to learn more about this exceptional opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $43,651,936
    Hospitality
    $39,984,936
    Educational
    $33,266,998
    Medical
    $34,411,100
    Retail
    $51,748,664

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
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
$186,716
$3,290,300
$11,647,000
$14,937,300
-
$3,290,300
$11,647,000
$14,937,300

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