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Norfolk, VA

Hotel

Norfolk, VA Hotels for Sale

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Portsmouth, VA Chesapeake, VA Virginia Beach, VA Suffolk, VA Hampton, VA Newport News, VA

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

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 21 Potential Opportunities for your consideration. Besides 1 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 16 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Operative Hotel with Parking Lot

Operative Hotel with Parking Lot

410 21st Street, Virginia Beach, VA 23451

$5,500,000

46,260 sqft 0.77 AC lot

Operating hotel property with an accompanying parking lot near the beach, Atlantic Park, The Dome, and interstate access.

Commercial Land with Subdivided Parcels

Commercial Land with Subdivided Parcels

1830 City Center Blvd, Elizabeth City, NC 27909

Contact for pricing

1.05 AC lot

Commercial land offering various size parcels, with a portion developed as a 97-room Fairfield Inn & Suites.

97-Room Fairfield Inn and Suites

97-Room Fairfield Inn and Suites

1830 City Center Blvd, Elizabeth City, NC 27909

Contact for pricing

1.35 AC lot

A 97-room Fairfield Inn and Suites is located on a subdivided commercial site also featuring an 8-screen RC Theatre.

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.

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.

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

5600 Lowery Rd

HOTEL

5600 Lowery Rd, Norfolk, VA 23502-2233

$12,505,000

Estimated value

67,658 sqft 2.50 AC lot

1590 Military Hwy

HOTEL

1590 Military Hwy, Norfolk, VA 23502-1813

$16,355,000

Estimated value

91,872 sqft 4.86 AC lot

235 Main St

HOTEL

235 Main St, Norfolk, VA 23510-1668

$4,190,000

Estimated value

608,074 sqft 0.60 AC lot

6350 Newtown Rd

HOTEL

6350 Newtown Rd, Norfolk, VA 23502-4801

$1,670,000

Estimated value

94,119 sqft 3.02 AC lot

201 Granby St

HOTEL

201 Granby St, Norfolk, VA 23510-1805

$4,275,000

Estimated value

93,500 sqft 0.17 AC lot

1570 Military Hwy

HOTEL

1570 Military Hwy, Norfolk, VA 23502-1813

$1,575,000

Estimated value

98,603 sqft 3.77 AC lot

5649 Lowery Rd

HOTEL

5649 Lowery Rd, Norfolk, VA 23502-2220

$1,135,000

Estimated value

47,300 sqft 2.11 AC lot

8501 Hampton Blvd

HOTEL

8501 Hampton Blvd, Norfolk, VA 23505-1009

$1,230,000

Estimated value

50,760 sqft 1.70 AC lot

777 Waterside Dr

HOTEL

777 Waterside Dr, Norfolk, VA 23510-2102

$2,390,000

Estimated value

323,520 sqft 3.57 AC lot

1511 Usaa Dr

HOTEL

1511 Usaa Dr, Norfolk, VA 23502-5502

$1,520,000

Estimated value

55,326 sqft 1.98 AC lot

1387 Military Hwy

HOTEL

1387 Military Hwy, Norfolk, VA 23502-2229

$1,085,000

Estimated value

36,976 sqft 1.71 AC lot

5620 Princess Anne Rd

HOTEL

5620 Princess Anne Rd, Norfolk, VA 23502-1817

$1,315,000

Estimated value

83,710 sqft 2.04 AC lot

1157 Military Hwy

HOTEL

1157 Military Hwy, Norfolk, VA 23502-2434

$1,505,000

Estimated value

77,165 sqft 1.88 AC lot

120 Main St

HOTEL

120 Main St, Norfolk, VA 23510

$1,420,000

Estimated value

35,091 sqft 0.71 AC lot

4500 Hampton Blvd

HOTEL

4500 Hampton Blvd, Norfolk, VA 23508-1812

$1,445,000

Estimated value

74,805 sqft 0.69 AC lot

Norfolk, VA Hotels Market Trends and Statistics

Explore 17 hotels for sale in Norfolk, VA on our real estate platform.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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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