Norfolk, VA Commercial Real Estate for Sale

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106 properties

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Updated: Aug 18

Flexible Commercial Space

2474 E Little Creek Road, Norfolk, VA 23518

$550,000

12,868 sqft 0.30 AC lot

C‑1 zoning
Separate front, side, and rear entrances
Front parking plus additional rear parking
Existing plumbing and infrastructure
0.2954‑acre lot

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Updated: Jun 4

Renovated Bar and Pub Building

731 Granby Street, Norfolk, VA 23510

$1,375,000

4,132 sqft 0.07 AC lot

4,132 square feet on 0.07 acres
Renovated in 2017 with updated bar, kitchen, bathrooms, HVAC, roof, electrical, and plumbing
Established tenants already in occupancy
Mezzanine, tables, chairs, bar stools, and floor lighting included
D‑4 zoning at 731 Granby Street, Norfolk, VA 23510

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Freestanding Storefront Shell

925 E little creek rd, Norfolk, VA 23518

$105,000

1,936 sqft 0.23 AC lot

C-2-zoned commercial building with new framing, two curb cuts, and flexibility for retail, food service, office, and personal-service uses.

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See what stands out in Norfolk city

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Office Building with Available Space

951-957 W 21st Street, Norfolk, VA 23518

$2,595,000

12,834 sqft

Commercial property offers flexible suites, dedicated signage opportunities, and additional parking along a busy commercial corridor.

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Two-Story Bar and Pub

241 Granby Street, Norfolk, VA 23510

$1,400,000

6,400 sqft 0.03 AC lot

Commercial condominium space features a mezzanine, restaurant buildout, and a long-term tenant in place.

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Auto Repair Shop with Service Bays

1231 Norview Avenue, Norfolk, VA 23513

$1,400,000

2,200 sqft 0.65 AC lot

Operational automotive service property with multiple bays, parking, reception, storage, and C-2 zoning.

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Flex Building with Bay Doors

860 45th Street, Norfolk, VA 23508

$775,000

12,620 sqft 0.40 AC lot

I-2-zoned flex property combines office space, industrial bays, and outdoor storage or parking.

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Mixed-Use Building with Retail Space

951957 21st Street, Norfolk, VA 23518

$2,595,000

12,834 sqft

Multi-suite commercial property with signage opportunities, flexible space availability, and access to surrounding retail and residential activity.

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Multi-Tenant Office Building

1761 Church Street, Norfolk, VA 23504

$1,200,000

10,500 sqft 0.50 AC lot

CSECPD-zoned office property with multiple occupant types and separately metered units.

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Equipped Conventional Restaurant

1766 E Little Creek Road, Norfolk, VA 23518

$90,000

1,100 sqft 0.50 AC lot

Existing kitchen equipment, furnishings, and inventory convey with the sale.

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Flexible Commercial Space with Multiple Entrances

2474 E Little Creek Rd, Norfolk, VA 23518

$550,000

12,868 sqft

C-1 zoning, separate entrances, and parking at the front and rear support flexible occupancy.

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Equipped Restaurant With Banquet Room

331 E Bayview Boulevard, Norfolk, VA 23503

$90,000

2,500 sqft 0.78 AC lot

Business-only offering with a commercial kitchen, full-service bar, dining area, and private-event space.

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Mixed-Use Building with Retail

5010 Princess Anne Road E, Norfolk, VA 23502

$1,049,849

17,500 sqft 0.45 AC lot

C-C-zoned property combines commercial storefronts, office areas, and residential occupancy in a multi-level configuration.

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Renovated Bar & Pub Building

731 Granby St, Norfolk, VA 23510

$1,375,000

4,132 sqft

Renovated commercial space includes a bar, kitchen, mezzanine, upgraded systems, and existing tenants.

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Strip-Center Retail Space

222 W 21st Street, Norfolk, VA 23517

$75,000

1,000 sqft

Air-conditioned retail space with off-street parking and site services included in CAM fees.

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C2 Storefront with Parking

1501 E Little Creek Road, Norfolk, VA 23518

$895,000

2,987 sqft 0.72 AC lot

C2 zoning supports restaurant, business, and retail uses.

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Triple-Net Drug Store with Drive-Thru

7912 Halprin Drive, Norfolk, VA 23518

$2,100,000

10,908 sqft 1.06 AC lot

Rite Aid on a signalized corner lot with drive-thru service and multiple ingress/egress points.

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Six-Lot Commercial Land Package

3126 Tidewater Drive, Norfolk, VA 23509

$799,000

Cleared waterfront parcels offered together at a Norfolk corner location.

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Light Industrial Warehouse with Office

2506 Colley Avenue, Norfolk, VA 23517

$850,000

11,591 sqft

Freestanding two-story building with office space, grade-level loading, and fenced secure outdoor storage.

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Three-Lot Commercial Land

2700 Granby Street, Norfolk, VA 23517

$150,000

Corner commercial land with C-C zoning near Tide Light Rail.

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Freestanding Storefront Shell

925 Little Creek Road, Norfolk, VA 23518

$105,000

1,936 sqft 0.23 AC lot

C-2 zoning supports restaurant, retail, personal service, office, banking, and medical office uses.

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Cleared Urban Development Lot

439 Granby Street, Norfolk, VA 23510

$425,000

0.06 AC lot

Cleared commercial land with D-3 zoning, surrounded by established buildings, restaurants, and local businesses.

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Historic Norfolk Building For Sale

303 W. 34th Street, Norfolk, VA 23508

$975,000

31,645 sqft 0.68 AC lot

31,645 SF historic landmark building in desirable Ghent Corridor.

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Four-Suite Flex Warehouse Building

801 East 25th Street, Norfolk, VA 23504

$4,675,000

18,740 sqft

Fully leased flex building with four tenant suites, grade-level doors, and convenient access to major transportation routes.

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Norfolk, VA Commercial Real Estate Market Trends and Statistics

Explore 106 commercial real estate for sale in Norfolk, VA, showcased through 106 active listings on our real estate platform. These investment opportunities span a total of 1,809,574 square feet of properties for sale, with an estimated market value of $38,212,499.

Sale prices for business properties in Norfolk, VA start at $45,000, averaging $1,061,458, and reaching up to $4,675,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 235K

Population Growth (5Y) -4.3%

Median Household Income $64,747

College Educated 29.0%

High-Yield Neighborhoods for Investment

Identify Norfolk submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
23503	$45K
23517	$358.3K
23509	$399.5K
23508	$636K
23502	$766.5K

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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