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    Redevelopment Opportunity Former Bank Branch
    Updated: Mar 4, 2025
    Redevelopment Opportunity Former Bank Branch

    1221 E Little Creek Rd, Norfolk, VA 23518

    Contact for pricing
    4,862 sqft 1.23 AC lot
    High traffic location: E. Little Creek Road (33,782 VPD) and Military Highway (22,403 VPD)
    Large 1.23 AC lot
    Existing infrastructure: Features three (3) drive‑thru lanes and 58 parking spaces
    Suitable for redevelopment or bank branch
    Located in a commercially intense trade area
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 31 Potential Opportunities for your consideration. Besides 1 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 23 Off-Market properties to explore as potential leads, plus 3 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Net-Leased Bank Branch with NNN Lease
    Net-Leased Bank Branch with NNN Lease

    5472 INDIAN RIVER RD, Virginia Beach, VA 23464

    Contact for pricing
    2,745 sqft

    2,745 SF Atlantic Union Bank branch on a long-term NNN lease through September 2040 with zero landlord responsibilities.

    View details
    Retail Space for Sale
    Retail Space for Sale

    1186 Jamestown Road, Williamsburg, VA 23185

    Contact for pricing
    2,310 sqft

    Retail property offered for sale with a single tenant-ready space configuration.

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    Retail Shopping Center Near Naval Base
    Retail Shopping Center Near Naval Base

    5193 Shore Drive, Virginia Beach, VA 23455

    Contact for pricing

    Retail opportunity adjacent to Joint Expeditionary Base Little Creek with established anchors Food Lion and Navy Federal Credit Union.

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    Single-Tenant Bank Building
    Single-Tenant Bank Building

    1430 Building 12 High Street, Williamsburg, VA 23185

    Contact for pricing

    Condominium interest in a stand-alone property leased on a NNN ground lease to Sonabank in Williamsburg.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Richmond, KY Out Parcel Land
    Richmond, KY Out Parcel Land

    2072 Merchant Drive, Richmond, KY 40475

    $1,400,000
    1.71 AC lot

    1.71 acre outparcel ideal for retail, restaurant, or office.

    View details
    Corner Commercial Land with Triple Frontage
    Corner Commercial Land with Triple Frontage

    Del Prado Blvd N & De Navarra Pkwy, Cape Coral, FL 33909

    $1,692,300
    2.59 AC lot

    Corner commercial development site with 3 road frontages and completed environmental and wetland study reports.

    View details
    Dev-Ready Commercial Corner Land
    Dev-Ready Commercial Corner Land

    -- Highway 412, E Kenwood, Siloam Springs, AR 72761

    $735,000
    8,252 sqft 1.47 AC lot

    Dev-ready corner parcel with city-approved engineered plans and frontage along Hwy 412, including multiple ingress and egress points.

    View details

    Off-Market Properties in Norfolk, VA

    Consider similar Off-Market properties in Norfolk, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    985 Denison Ave
    FINANCIAL BUILDING

    985 Denison Ave, Norfolk, VA 23513-2811

    $980,000
    Estimated value
    2,709 sqft 1.61 AC lot
    View details
    3351 Princess Anne Rd
    FINANCIAL BUILDING

    3351 Princess Anne Rd, Norfolk, VA 23502-1502

    $625,000
    Estimated value
    3,107 sqft 1.63 AC lot
    View details
    929 Glenrock Rd
    FINANCIAL BUILDING

    929 Glenrock Rd, Norfolk, VA 23502-3703

    $320,000
    Estimated value
    3,399 sqft 0.41 AC lot
    View details
    6370 Newtown Rd
    FINANCIAL BUILDING

    6370 Newtown Rd, Norfolk, VA 23502-4801

    $440,000
    Estimated value
    6,786 sqft 1.41 AC lot
    View details
    1020 Fishermans Rd
    FINANCIAL BUILDING

    1020 Fishermans Rd, Norfolk, VA 23503-4030

    $305,000
    Estimated value
    2,100 sqft 0.44 AC lot
    View details
    1006 Colley Ave
    FINANCIAL BUILDING

    1006 Colley Ave, Norfolk, VA 23507-1617

    $450,000
    Estimated value
    3,624 sqft 0.44 AC lot
    View details
    7500 Granby St
    FINANCIAL BUILDING

    7500 Granby St, Norfolk, VA 23505-3427

    $505,000
    Estimated value
    4,759 sqft 0.86 AC lot
    View details
    7420 Granby St
    FINANCIAL BUILDING

    7420 Granby St, Norfolk, VA 23505-3407

    $375,000
    Estimated value
    3,652 sqft 0.53 AC lot
    View details
    200 Brambleton Ave
    FINANCIAL BUILDING

    200 Brambleton Ave, Norfolk, VA 23510-1584

    $300,000
    Estimated value
    0.26 AC lot
    View details
    1221 Little Creek Rd
    Individual retail properties

    1221 Little Creek Rd, Norfolk, VA 23518

    Value Estimation by Request
    4,862 sqft 1.23 AC lot
    View details
    1280 Military Hwy
    Individual retail properties

    1280 Military Hwy, Norfolk, VA 23502

    Value Estimation by Request
    4,500 sqft 1.60 AC lot
    View details
    5800 Virginia Bch Blvd
    FINANCIAL BUILDING

    5800 Virginia Bch Blvd, Norfolk, VA 23502-2424

    $435,000
    Estimated value
    5,567 sqft 0.95 AC lot
    View details
    5670 Raby Rd
    FINANCIAL BUILDING

    5670 Raby Rd, Norfolk, VA 23502-2411

    $465,000
    Estimated value
    9,944 sqft 1.42 AC lot
    View details
    530 Main St
    FINANCIAL BUILDING

    530 Main St, Norfolk, VA 23523-1241

    $315,000
    Estimated value
    3,200 sqft 0.06 AC lot
    View details
    893 Little Crk Rd
    FINANCIAL BUILDING

    893 Little Crk Rd, Norfolk, VA 23518-3711

    $465,000
    Estimated value
    6,276 sqft 0.91 AC lot
    View details
    245 Little Crk Rd
    FINANCIAL BUILDING

    245 Little Crk Rd, Norfolk, VA 23505-2504

    $425,000
    Estimated value
    3,702 sqft 0.50 AC lot
    View details
    2316 Little Crk Rd
    FINANCIAL BUILDING

    2316 Little Crk Rd, Norfolk, VA 23518-3225

    $355,000
    Estimated value
    3,406 sqft 0.51 AC lot
    View details
    2222 Little Crk Rd
    FINANCIAL BUILDING

    2222 Little Crk Rd, Norfolk, VA 23518-4206

    $425,000
    Estimated value
    3,263 sqft 1.05 AC lot
    View details
    132 Kempsville Rd
    FINANCIAL BUILDING

    132 Kempsville Rd, Norfolk, VA 23502-4724

    $455,000
    Estimated value
    5,310 sqft 0.93 AC lot
    View details
    1916 Colonial Ave
    FINANCIAL BUILDING

    1916 Colonial Ave, Norfolk, VA 23517-1906

    $430,000
    Estimated value
    8,306 sqft 1.14 AC lot
    View details
    4815 Colley Ave
    FINANCIAL BUILDING

    4815 Colley Ave, Norfolk, VA 23508-2036

    $355,000
    Estimated value
    3,038 sqft 0.43 AC lot
    View details
    1003 Brambleton Ave
    FINANCIAL BUILDING

    1003 Brambleton Ave, Norfolk, VA 23504-3307

    $280,000
    Estimated value
    1,792 sqft 0.38 AC lot
    View details
    777 21st St
    FINANCIAL BUILDING

    777 21st St, Norfolk, VA 23517-1920

    $420,000
    Estimated value
    3,312 sqft 0.56 AC lot
    View details

    Norfolk, VA Banks Market Trends and Statistics

    Explore 24 banks for sale in Norfolk, VA on our real estate platform. These investment opportunities span a total of 4,862 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 35
    Storefront properties 23
    Automotive properties 7
    Auto shops 6
    Grocery and convenience stores 6

    Demographics Overview

    Population 235K
    Population Growth (5Y) -4.3%
    Median Household Income $64,747
    College Educated 29.0%

    Taxes & Financing

    Tax Rate (average for all types) 1.27%
    Property Tax per SF $9.43 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Norfolk city

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Norfolk fall within the 100,000+ square foot range.

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