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    421 W 21St St Norfolk, VA 23517

    For Sale
    $740,000

    Purchase,Commercial/Industrial - Norfolk, VA

    Property size:
    3,000 SF
    Lot size:
    0.12 Acres
    Days on Market:
    72
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 421 W 21St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-2
    Interior features
    Fire Sprinkler Sys
    Exterior features
    Door Sign
    Size
    3,000 SF
    Lot size
    0.12 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1945
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Tar/Gravel
    Architectural style
    Other

    Berkshire Hathaway HomeServices RW Towne Realty (757) 690-0439 [email protected]

    Listing agent Christina Pyon (757) 690-0439

    Listing date Sep 25, 2025

    MLS# 10601619 Listing URL

    Copyright © 2025 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.

    Overview

    Established Ghent Retail Opportunity

    Located in the heart of Ghent, this retail property presents a turn-key operation with positive cash flow. The established business has been operating for over 20 years. The building features a new HVAC system installed in 2023 and a new roof installed in 2024. The property is zoned C-2 and the lot size is 0.1193 acres. The building size is 3000 square feet. The seller is open to selling the business only and leasing the building. The asking price includes both the business and the building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ghent Custom Cleaners Dry Cleaner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Studio Posy, Petros Same Day Flower Delivery Inc.

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.290995
    Latitude
    36.8686227

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    FAQs

    What type of property is this?
    Storefront property - Turn-key retail building with positive cash flow in Ghent.
    Where is this storefront property located?
    The property is located at 421 W 21St St Norfolk, VA.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: - Turn-key operation with positive cash flow.; - Established business of 20+ years.; - New roof (2024) and HVAC (2023).
    (757) 690-0439
    Request Owner's contact information
    421 W 21St St Norfolk, VA 23517
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    Norfolk, VA 23517
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 W 21St St Norfolk, VA 23517
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