Norfolk Industrial Space For Lease

211 W 24th St, Norfolk, VA

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For Sale

Contact for pricing

30,470 SF industrial space, ideal for brewery or manufacturing.

Type:INDUSTRIAL

Property size:

30,470 SF

Lot size:

1.20 Acres

Price / SF:

$147/SF

HighLights

Renovated in 2023 for enhanced functionality and modern appeal.
30,470 SF of versatile space suitable for brewery operations, manufacturing, distribution, or adaptive reuse.
Previously operated as a full‑scale brewery, tasting room, event venue, and warehouse.
Zoned I‑L (Light Industrial), allowing for a wide range of commercial and industrial applications.
Located in Norfolk’s thriving West Norfolk submarket, offering excellent accessibility and visibility.
Expansive interior with high ceilings, loading docks, and ample storage capacity.

We can help!

Listing Contact

Chris Zarpas

For Sale

Contact for pricing

30,470 SF industrial space, ideal for brewery or manufacturing.

Type:INDUSTRIAL

Property size:

30,470 SF

Lot size:

1.20 Acres

Price / SF:

$147/SF

Added:: Apr 16, 2025
Days on Market:: 422
Last Refresh:: May 20 at 8:41 pm

Property Features for 211 W 24th St

General Information

Standard status: Active
Size: 30,470 SF
Lot size: 1.20 Acres
Property subtype: INDUSTRIAL

Properties For Sale

at 211 W 24th St Contact us

We can help!

Listing Contact

Chris Zarpas

Listing agent Chris Zarpas

Listing office S.L. Nusbaum Realty Co - Corporate

Listing date Apr 16, 2025

Source Moodyscre

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 S.L. Nusbaum Realty Co - Corporate

HighLights

Renovated in 2023 for enhanced functionality and modern appeal.
30,470 SF of versatile space suitable for brewery operations, manufacturing, distribution, or adaptive reuse.
Previously operated as a full‑scale brewery, tasting room, event venue, and warehouse.
Zoned I‑L (Light Industrial), allowing for a wide range of commercial and industrial applications.
Located in Norfolk’s thriving West Norfolk submarket, offering excellent accessibility and visibility.
Expansive interior with high ceilings, loading docks, and ample storage capacity.

Overview

Originally constructed in 1956 and renovated in 2023, this 30,470 square foot space is situated in Norfolk’s West Norfolk submarket, offering accessibility and visibility. The property is zoned I-L (Light Industrial), allowing for a range of commercial and industrial applications. The expansive interior features high ceilings, loading docks, and ample storage capacity. Previously operated as a full-scale brewery, tasting room, event venue, and warehouse, it is equipped for beverage production or similar uses, and is ideal for brewery operations, manufacturing, distribution, or adaptive reuse.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$296.2k	$9.72
− Vacancy	−$11.0k	−$0.36
EGI	$285.2k	$9.36
− OpEx	−$42.8k	−$1.40
NOI	$242.4k	$7.96

30,470 SF · lease $9.72/SF/yr · vacancy 3.70% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$3.46M

$3.03M – $4.04M (±1% cap)

NOI $242,429 @ 7.0% cap · market cap 5.39%

Second Best

Industrial

$2.85M

$2.50M – $3.33M (±1% cap)

NOI $199,647 @ 7.0% cap · market cap 4.44%

Theoretical Best

Office A

$6.46M

$5.66M – $7.54M (±1% cap)

NOI $452,463 @ 7.0% cap · market cap 10.05%

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

Property Profile Location Intelligence

Current Use by Public Records

Bar Bays Golf ... Golf Course Bar Bays Family Recreation Center Armed Forces Brewing ... Production Facility

Suggested Use

Location Insight

Map
Local Demand

City: Norfolk
County: Norfolk
State: Virginia
Longitude: -76.2862
Latitude: 36.87

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For sale
Breweries
VA
Norfolk
211 W 24th St

What type of property is this?

Brewery - 30,470 SF industrial space, ideal for brewery or manufacturing.

Where is this brewery located?

The property is located at 211 W 24th St Norfolk, VA.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: Renovated in 2023 for enhanced functionality and modern appeal.; 30,470 SF of versatile space suitable for brewery operations, manufacturing, distribution, or adaptive reuse.; Previously operated as a full‑scale brewery, tasting room, event venue, and warehouse.

211 W 24th St, Norfolk, VA

30,470 SF industrial space, ideal for brewery or manufacturing.

Property Features for 211 W 24th St

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turnkey Restaurant & Bar Building

Multi-Entrance Commercial Office Building

Versatile Commercial Building Near ODU

Historic Norfolk Restaurant Investment Opportunity

Norfolk Church with Modern Upgrades

Turnkey Auto Repair Shop Norfolk

Renovated Multifamily Building Near Beach

Multitenant Office Building Investment Opportunity

Recently Renovated Church Facility

Bayfront Investment Opportunity in Norfolk

Mixed-Use Building on Princess Anne

Norfolk Office Building For Sale

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