Retail
New
For Sale
$80,000
106 Bank Street, Norfolk, VA 23510
Commercial/Industrial, Norfolk, VA
Property Size672 SF
Price / SF$119.05
Days on Market7
Property Features for 106 Bank Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
D-2
Subdivision
DOWNTOWN AREA
Standard status
Active
Size
672 SF
Taxes and HOA fees
Tax Annual Amount
99999
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1969
Roof type
Tar/Gravel
Listing Agency:
BHHS RW Towne Realty · Berkshire Hathaway HomeServices
(757) 935-9000
Listed By:
Christina Pyon
(757) 690-0439
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 26 at 1:06PM
MLS# 10658593
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Investment Insights
Based on property information with market context.
A tailoring business with more than 35 years of operating history is available for purchase in downtown Norfolk. Its services include men’s suit alterations, wedding gown alterations, and custom garment remodeling, supported by a returning clientele built over decades.
The current owner is prepared to train the next owner in tailoring and clothing alterations. The sale is for the business only.
The current owner is prepared to train the next owner in tailoring and clothing alterations. The sale is for the business only.
Key Highlights
- Tailoring business operating for more than 35 years
- Services include men’s suit and wedding gown alterations
- Custom garment remodeling is part of the service offering
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,327
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Hotels & Casinos 48%
Sheraton Norfolk Waterside Hotel
Hotels & Casinos
9,534 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
8,386 visits/mo
0.4 miles
Courtyard Norfolk Downtown
Hotels & Casinos
7,811 visits/mo
0.2 miles
BonChon Chicken
Dining
7,492 visits/mo
0.2 miles
Domino's Pizza
Dining
2,253 visits/mo
0.4 miles
Demographics for 23510, VA
8,778
Population
4,948
Households
1.8
Avg Household Size
33
Median Age
52%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
7,980
Density / Sq Mi
$75,621
Median Household Income
$53,132
Median Earnings
$1,574
Median Rent
$349,700
Median Home Value
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Market
Vacancy Rate% for Retail in Norfolk, VA
Frequently Asked Questions
What type of property is this?
Retail space - An established tailoring business offers suit and wedding gown alterations alongside custom garment remodeling.
Where is this retail space located?
The property is located at 106 Bank Street Norfolk, VA.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Tailoring business operating for more than 35 years; Services include men’s suit and wedding gown alterations; Custom garment remodeling is part of the service offering
