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    420 Monticello Ave Norfolk, VA 23510

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    For Lease
    Contact for pricing

    Retail space in prestigious Wells Fargo Center near MacArthur Center.

    Property size:
    4,945 SF
    Lot size:
    1.32 Acres

    Property Features for 420 Monticello Ave

    General Information

    Size
    4,945 SF
    Lot size
    1.32 Acres

    Source: S.L. Nusbaum Realty Co - Corporate Agent Lindsay Bangel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space in Norfolk

    This 4,945-square-foot retail space is located within the prestigious Wells Fargo Center, a 255,000-square-foot, Class A office tower with 50,000 square feet of street-level retail space. The property is well-suited for massage therapy, salon suites, medical, dental, or optometry practices. The location benefits from 1,857 on-site parking spaces, including reserved spaces for take-out customers. Neighboring tenants include Buffalo Wild Wings, Saffron Indian Bistro, Wells Fargo Bank, in8 Chiropractic, 7-Eleven, Sushi King, and Twisted Crab. The property sits just below Monticello Station, a 121-unit luxury apartment community, and is immediately adjacent to the 931,000-square-foot MacArthur Center Mall, Chrysler Hall, and the Norfolk Scope.
    Location Intelligence

    Current Use by Public Records

    Buffalo Wild Wings Chicken Wings Restaurant Sushi King - Monticello Japanese Restaurant Massage Envy Massage Spa Makeup By Kim ... Beauty Salon Western Union Money Transfer Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2882719
    Latitude
    36.8513751

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    FAQs

    What type of property is this?
    Retail space - Retail space in prestigious Wells Fargo Center near MacArthur Center.
    Where is this retail space located?
    The property is located at 420 Monticello Ave Norfolk, VA.
    What are key features of this property?
    This property features: - Located in the prestigious Wells Fargo Center, a Class A office tower with street-level retail.; - Great buildout potential for massage therapy, salon suites, medical, dental, or optometry.; - Immediately adjacent to MacArthur Center Mall, Chrysler Hall, and the Norfolk Scope.
    (757) 627-8611
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    420 Monticello Ave Norfolk, VA 23510
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    Norfolk, VA 23510
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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
    420 Monticello Ave Norfolk, VA 23510
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