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    Norfolk, VA
    Hospitality

    Norfolk, VA Hospitality Properties for Sale

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    Portsmouth, VA Chesapeake, VA Virginia Beach, VA Suffolk, VA Hampton, VA Newport News, VA
    Prime Norfolk Acreage For Sale
    Updated: Mar 16
    Prime Norfolk Acreage For Sale

    745 Granby St, Norfolk, VA 23510

    Contact for pricing
    39,037 sqft 1.00 AC lot
    Prime location in the heart of Norfolk's NEON Arts District, seconds from Downtown Norfolk.
    Over one acre of land with high visibility to Granby Street.
    Significant redevelopment potential for office, retail, hospitality, or multifamily use.
    Rare opportunity due to size and location in a sought‑after district.
    Suitable for owner‑occupants, investors, or redevelopment projects.
    View details
    Renovated Downtown Full-Service Hotel
    Updated: Apr 12
    Renovated Downtown Full-Service Hotel

    700 Monticello Ave, Norfolk, VA 23510

    Contact for pricing
    204‑unit, 12‑story hotel on a 3.65‑acre fee‑simple site
    Extensively renovated in 2024; built in 1951
    15,000 square feet of banquet space plus commercial office areas
    75‑person restaurant and lounge, outdoor pool, fitness center, and sundries shop
    At Route 58‑Brambleton Ave and Route 460‑Saint Pauls Blvd; 27,309 and 22,385 Vehicles Per Day
    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 34 Potential Opportunities for your consideration. Besides 2 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 27 Off-Market properties to explore as potential leads, plus 1 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.

    Agricultural Land with Retreat Improvements
    Agricultural Land with Retreat Improvements

    3000 North Landing Rd Unit 1, Virginia Beach, VA 23456

    $15,000,000

    Large Virginia Beach acreage combines cultivated fields, open ground, wetlands, and an established retreat campus.

    View details
    Mixed-Use Town Center Development
    Mixed-Use Town Center Development

    222 Central Park Ave, Virginia Beach, VA 23462

    Contact for pricing

    Town Center in Virginia Beach anchors a dense live-work-play market with hotels, residences, and major daily employment.

    View details
    Jefferson Avenue Commercial Site
    Jefferson Avenue Commercial Site

    10614 Jefferson Ave, Newport News, VA 23601

    Contact for pricing
    2.59 AC lot

    2.59ac site on Jefferson Ave with high traffic volume.

    View details
    Best Western Plus Hospitality Property
    Best Western Plus Hospitality Property

    500 Operations Drive, Newport News, VA 23606

    Contact for pricing

    Hospitality property near Newport News Airport and Patrick Henry Mall.

    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.

    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    Caratoke Highway, Moyock, NC 27958

    $1,250,000
    4.93 AC lot

    Cleared commercial land with an existing retention pond and commercial business zoning.

    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.

    7940 Shr Dr
    MOTEL

    7940 Shr Dr, Norfolk, VA 23518-2441

    $3,010,000
    Estimated value
    27,477 sqft 1.81 AC lot
    View details
    1521 Premium Outlets Blvd
    HOTEL

    1521 Premium Outlets Blvd, Norfolk, VA 23502-5526

    $14,705,000
    Estimated value
    141,727 sqft 5.11 AC lot
    View details
    1850 Little Crk Rd
    MOTEL

    1850 Little Crk Rd, Norfolk, VA 23518-4204

    $3,580,000
    Estimated value
    25,978 sqft 1.24 AC lot
    View details
    8051 Hampton Blvd
    MOTEL

    8051 Hampton Blvd, Norfolk, VA 23505-1001

    $8,305,000
    Estimated value
    49,338 sqft 2.06 AC lot
    View details
    5600 Lowery Rd
    HOTEL

    5600 Lowery Rd, Norfolk, VA 23502-2233

    $12,505,000
    Estimated value
    67,658 sqft 2.50 AC lot
    View details
    1590 Military Hwy
    HOTEL

    1590 Military Hwy, Norfolk, VA 23502-1813

    $16,355,000
    Estimated value
    91,872 sqft 4.86 AC lot
    View details
    235 Main St
    HOTEL

    235 Main St, Norfolk, VA 23510-1668

    $4,190,000
    Estimated value
    608,074 sqft 0.60 AC lot
    View details
    1450 Military Hwy
    MOTEL

    1450 Military Hwy, Norfolk, VA 23502-2200

    $830,000
    Estimated value
    43,400 sqft 3.76 AC lot
    View details
    6350 Newtown Rd
    HOTEL

    6350 Newtown Rd, Norfolk, VA 23502-4801

    $1,670,000
    Estimated value
    94,119 sqft 3.02 AC lot
    View details
    201 Granby St
    HOTEL

    201 Granby St, Norfolk, VA 23510-1805

    $4,275,000
    Estimated value
    93,500 sqft 0.17 AC lot
    View details
    1570 Military Hwy
    HOTEL

    1570 Military Hwy, Norfolk, VA 23502-1813

    $1,575,000
    Estimated value
    98,603 sqft 3.77 AC lot
    View details
    9601 4th Vw St
    MOTEL

    9601 4th Vw St, Norfolk, VA 23503-1401

    $655,000
    Estimated value
    25,478 sqft 0.98 AC lot
    View details
    5649 Lowery Rd
    HOTEL

    5649 Lowery Rd, Norfolk, VA 23502-2220

    $1,135,000
    Estimated value
    47,300 sqft 2.11 AC lot
    View details
    3343 Military Hwy
    MOTEL

    3343 Military Hwy, Norfolk, VA 23518-5608

    $455,000
    Estimated value
    16,916 sqft 0.89 AC lot
    View details
    7969 Shr Dr
    MOTEL

    7969 Shr Dr, Norfolk, VA 23518-2453

    $490,000
    Estimated value
    16,263 sqft 0.84 AC lot
    View details
    865 Military Hwy
    MOTEL

    865 Military Hwy, Norfolk, VA 23502-3626

    $500,000
    Estimated value
    24,688 sqft 1.26 AC lot
    View details
    1030 Ocean Vw Ave
    MOTEL

    1030 Ocean Vw Ave, Norfolk, VA 23503

    $450,000
    Estimated value
    8,832 sqft 0.26 AC lot
    View details
    8501 Hampton Blvd
    HOTEL

    8501 Hampton Blvd, Norfolk, VA 23505-1009

    $1,230,000
    Estimated value
    50,760 sqft 1.70 AC lot
    View details
    1340 Ocean Vw Ave
    MOTEL

    1340 Ocean Vw Ave, Norfolk, VA 23503-2208

    $495,000
    Estimated value
    12,286 sqft 0.51 AC lot
    View details
    777 Waterside Dr
    HOTEL

    777 Waterside Dr, Norfolk, VA 23510-2102

    $2,390,000
    Estimated value
    323,520 sqft 3.57 AC lot
    View details
    1511 Usaa Dr
    HOTEL

    1511 Usaa Dr, Norfolk, VA 23502-5502

    $1,520,000
    Estimated value
    55,326 sqft 1.98 AC lot
    View details
    1387 Military Hwy
    HOTEL

    1387 Military Hwy, Norfolk, VA 23502-2229

    $1,085,000
    Estimated value
    36,976 sqft 1.71 AC lot
    View details

    Norfolk, VA Hospitality Properties Market Trends and Statistics

    Explore 29 hospitality properties for sale in Norfolk, VA on our real estate platform. These investment opportunities span a total of 39,037 square feet of properties for sale.

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    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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    Most Searched ZIP Codes in Norfolk, VA

    • 23510

    Featured Norfolk Real Estate Agencies

    Realmo connects you with licensed Norfolk CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Judy Boone Realty
    809 E. Ocean View Avenue Norfolk, VA 23503
    Phone: 17575872800
    www.judyboonerealty.com

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