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    723 E 23Rd St Norfolk, VA 23504

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    For Sale
    Contact for pricing

    Expansive 17,910 SF property ideal for breweries or hospitality ventures.

    Property size:
    17,910 SF
    Lot size:
    0.84 Acres

    Property Features for 723 E 23Rd St

    General Information

    Size
    17,910 SF
    Lot size
    0.84 Acres

    Source: Creoteric Commercial Real Estate Agent Missy Martinovich

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

    Overview

    Norfolk Brewery/Hospitality Opportunity

    This expansive 17,910 SF property in Norfolk offers flexibility for breweries or hospitality ventures. Situated in a bustling commercial corridor, the property provides accessibility and exposure, positioning a business for customer engagement and future expansion. With a versatile layout and generous square footage, this space is ready for build-out to suit a specific vision, whether that’s brewing tanks, taprooms, or event space. The property is located at 723 E 23rd St, Norfolk, VA.
    Location Intelligence

    Current Use by Public Records

    Breweries

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.278361
    Latitude
    36.8683441

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    FAQs

    What type of property is this?
    Brewery - Expansive 17,910 SF property ideal for breweries or hospitality ventures.
    Where is this brewery located?
    The property is located at 723 E 23Rd St Norfolk, VA.
    What are key features of this property?
    This property features: - 17,910 SF property offering unmatched flexibility for breweries or hospitality ventures.; - High-visibility location in the heart of Norfolk.; - Excellent accessibility and exposure in a bustling commercial corridor.
    (757) 270-2788
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    723 E 23Rd St Norfolk, VA 23504
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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
    723 E 23Rd St Norfolk, VA 23504
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