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Retail Storefront Space in C-2
For Lease
$1,200/Mo

331 E Bayview Boulevard, Norfolk, VA 23503

Commercial/Industrial, Norfolk, VA

Space SizeContact for details
Lot Size0.78 Acres
Days on Market50

Property Features for 331 E Bayview Boulevard

General Information

Property type Commercial Lease
Property subtype Other
Zoning C-2
Subdivision BAYVIEW BEACH
Directions Off of Tidewater Drive
Standard status Active
Size 818 SF
Lot size 0.78 Acres

Utilities

Heating system Electric (Heating)
Cooling system Central Air

Building Details

Year built 1960
Listing Agency: Abrams Realty
Listed By: Teresa Hagerman · License #22638
Added: Jul 4 Changed: Aug 19 Last Checked: Aug 22 at 12:06AM
MLS# 10642738

Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Retail storefront space for lease at 331 E Bayview Boulevard, Norfolk, VA 23503, offered as a C-2 neighborhood commercial district location. The property sits on a 0.78-acre lot and includes an 818 SF retail space.

The unit has electric (heating) and central air (cooling). The lease requires a 3-year minimum. Utilities are tenant responsibility, including gas, electric, and water, and there are no CAM charges.

C-2 is intended for small- to medium-scale commercial businesses serving nearby neighborhoods. The space is described as suitable for a range of uses such as barber shops, beauty and nail services, day spas, coffee shops, bakeries, insurance agencies, attorneys, accountants, select medical and dental offices, fitness and wellness studios, tutoring, and certain instructional or specialty service concepts.

Key Highlights

  • 818 SF retail storefront space
  • 0.78‑acre lot
  • Zoned C‑2 neighborhood commercial district

Property Analytics

Current Use

Mom & Pops Family ... Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Spa & Massage Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$2.64 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

240
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
7-Eleven Shops & Services
13,656 visits/mo 0.1 miles
7-Eleven Shops & Services
7,817 visits/mo 0.1 miles

Demographics for 23503, VA

31,932
Population
15,350
Households
2.1
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
6,386
Density / Sq Mi
$62,428
Median Household Income
$42,850
Median Earnings
$1,195
Median Rent
$273,100
Median Home Value

Market

Lease Benchmarks for Norfolk, VA

$17.22 /SF/Yr
Avg Asking Price
$11.33–$27.95 /SF/Yr
Price Range
2,366 SF
Avg Space Size

This space is priced 2% above the average of $17.22 /SF/Yr.

Vacancy Rate% for Retail in Norfolk, VA

7.9% 2019
9.3% 2020
8.7% 2021
7.9% 2022
6.9% 2023
6.6% 2024
6.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Retail storefront for lease in a C-2 neighborhood commercial district with central air and electric heat.
Where is this storefront property located?
The property is located at 331 E Bayview Boulevard Norfolk, VA.
What is the lease rate?
The lease rate is $1,200/Mo.
What are key features of this property?
This property features: 818 SF retail storefront space; 0.78‑acre lot; Zoned C‑2 neighborhood commercial district
More about this property
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