701 Tidewater DrNorfolk, VA 23504

Property Details for 701 Tidewater Dr

Year built

1960

Lot size

0.34 AC

Property size (Sq ft)

4,752 SF

Zone code

C-2

Property type

Office buildings

APN

32331300

APU

32331300

Description

This exceptional 0.34-acre lot presents a unique opportunity for development in the desirable Norfolk, Virginia waterfront area. Located at 701 Tidewater Drive, this property offers unparalleled potential for a variety of projects. The expansive 0.34-acre parcel provides ample space for creative design and construction. Its prime waterfront location offers breathtaking views and immediate access to the water, making it highly attractive for residential, commercial, or mixed-use developments. The address, 701 Tidewater Drive, places the property within easy reach of Norfolk's vibrant city center, offering convenient access to amenities, transportation, and a thriving business community. The property is currently listed at $15 million, reflecting its exceptional location and development potential. Serious inquiries are encouraged to explore the possibilities this unique waterfront lot offers. Detailed site plans and surveys are available upon request. This is a rare opportunity to acquire a significant piece of Norfolk's waterfront real estate. Don't miss out on this chance to build your dream project in a highly sought-after location. The property is zoned for [Zoning information not provided, therefore omitted]. Further due diligence is recommended.

• CAP approach

  CAP return

  Valuation

  6%

  $1,003,466

  6.5%

  $926,276

  7%

  $860,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $608,889

  Geo Method

  $793,632

• Alternative Use

  Use

  Valuation

  Residential

  $1,148,582

  Hospitality

  $1,052,095

  Educational

  $875,331

  Medical

  $905,435

  Retail

  $1,361,626

Location Insight

City

Norfolk

County

Norfolk City

State

Virginia

Latitude

36.851

Longitude

-76.2764

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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