2-Unit Retail
1200 North Military Highway, Norfolk, VA 23502
For Sale
New
$6,750,000
Both units are occupied, with AutoZone and Iron Asylum identified as tenants.
Property Size60,050 SF
Days on Market6
Property Features for 1200 North Military Highway
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Tenancy
Listed By:
Patrick L. Reynolds, CCIM, SIOR
(757) 343-4666
Source:
Naidominion
Added: Nov 4
Last Checked: Nov 8 at 4:09AM
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 Patrick L. Reynolds, CCIM, SIOR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The freestanding retail property contains 60,050 square feet arranged as two units, occupied by AutoZone - HUB Store and Iron Asylum. Built in 1979, the building received renovations in 2020 that included its roof and mechanical systems. A separate out parcel was constructed in 2025, and the property is zoned C-2.
The property is in Norfolk’s Military Highway retail district. Occupancy is reported at 100%.
The property is in Norfolk’s Military Highway retail district. Occupancy is reported at 100%.
Key Highlights
- 60,050‑square‑foot freestanding retail building
- Two occupied units: AutoZone - HUB Store and Iron Asylum
- Roof and mechanical systems renovated in 2020
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
770k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Dining 26%
Shops & Services 17%
Home Improvements & Furnishings 8%
Walmart
Superstores
132,231 visits/mo
0.2 miles
Target
Superstores
117,130 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
60,935 visits/mo
0.3 miles
Wawa
Shops & Services
49,804 visits/mo
0.3 miles
Chick-fil-A
Dining
49,252 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Norfolk, VA
Frequently Asked Questions
What type of property is this?
Retail space - Both units are occupied, with AutoZone and Iron Asylum identified as tenants.
Where is this retail space located?
The property is located at 1200 North Military Highway Norfolk, VA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 60,050‑square‑foot freestanding retail building; Two occupied units: AutoZone - HUB Store and Iron Asylum; Roof and mechanical systems renovated in 2020
