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Retail Space on Granby Street
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7623-7657 Granby St, Norfolk, VA

Retail space with excellent exposure and high traffic volume.

Property Size1,680 SF
Lot Size3.68 Acres
Days on Market588

Property Features for 7623-7657 Granby St

General Information

Standard status Active
Size 1,680 SF
Lot size 3.68 Acres
Property subtype RETAIL
Listing Agency: Cushman & Wakefield | Thalhimer - Virginia Beach
Listed By: Ted Levin
Source: Moodyscre
Added: Dec 20, 2024 Changed: Jul 10 Last Checked: Jul 21 at 3:15AM

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 Cushman & Wakefield | Thalhimer - Virginia Beach

Investment Insights

Based on property information with market context.

This retail space offers 1,200 square feet and excellent exposure. The location benefits from a high traffic volume of 30,000 vehicles per day at the intersection of Granby Street and Little Creek Road. The lease rate is $16.00 per square foot on a NNN basis.

Key Highlights

  • Excellent exposure
  • High traffic volume: 30,000 VPD at the intersection
  • Available 1,200 square feet

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply HVAC Service Big Box & Wholesale Store Skin Care Clinic

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

452
Businesses Nearby
204k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 54% Groceries 28% Shops & Services 15% Electronics 3%
Harris Teeter Groceries
51,946 visits/mo 0.3 miles
McDonald's Dining
23,028 visits/mo 0.3 miles
Starbucks Dining
15,129 visits/mo 0.3 miles
Taco Bell Dining
14,551 visits/mo 0.3 miles
Wendy's Dining
13,360 visits/mo 0.3 miles

Market

Lease Benchmarks for Norfolk, VA

$14.55 /SF/Yr
Avg Asking Price
$1.68–$27.95 /SF/Yr
Price Range
7,742 SF
Avg Space Size

This space is priced 10% above the average of $14.55 /SF/Yr.

Vacancy Rate% for Retail in Norfolk, VA

7.9% 2019
9.3% 2020
8.7% 2021
7.9% 2022
6.9% 2023
6.6% 2024
6.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space with excellent exposure and high traffic volume.
Where is this retail space located?
The property is located at 7623-7657 Granby St Norfolk, VA.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Excellent exposure; High traffic volume: 30,000 VPD at the intersection; Available 1,200 square feet
(757) 647-3788 Call to check price and availability
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