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Industrial Property with Long-Term Occupancy
For Sale
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1124 Lance Road, Norfolk, VA 23502

Occupied by BrandSafway, with a recently executed site extension and a tenancy dating to 1988.

Property SizeContact for details
Days on Market142

Property Features for 1124 Lance Road

General Information

Standard status Active
Property subtype Industrial
Listing Agency: ParaSell Inc
Listed By: Scott Reid · License #IL - 478027307
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 4:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ParaSell Inc

Investment Insights

Based on property information with market context.

This industrial property at 1124 Lance Road in Norfolk, Virginia is occupied by BrandSafway, an industry-leading global provider. The company has maintained its presence at the site since 1988, establishing a long operating history at the location.

A recent extension has been executed at the property, providing documented continuity for the existing occupancy. The asset is offered for sale and is located at 1124 Lance Road, Norfolk, VA 23502.

Key Highlights

  • BrandSafway has operated at the property since 1988
  • Recently executed extension at the site
  • Industrial property offered for sale

Property Analytics

Current Use

BrandSafway Services Norfolk General Contractor

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Kitchen & Bath Showroom Garden Center Veterinary Clinic Bakery

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

Location Intelligence

Trade Area within ½ mile

1,061
Businesses Nearby

Demographics for 23502, VA

20,547
Population
8,839
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,075
Density / Sq Mi
$66,467
Median Household Income
$37,213
Median Earnings
$1,335
Median Rent
$244,800
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial property - Occupied by BrandSafway, with a recently executed site extension and a tenancy dating to 1988.
Where is this industrial property located?
The property is located at 1124 Lance Road Norfolk, VA.
What are key features of this property?
This property features: BrandSafway has operated at the property since 1988; Recently executed extension at the site; Industrial property offered for sale
(949) 942-6585 Call to check price and availability
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