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Downtown Norfolk Mixed-Use Development
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440 Monticello Avenue, Norfolk, VA 23510

LEED Gold certified office tower with mixed-use amenities.

Property Size255,000 SF
Lot Size5.00 Acres
Price / SF$0.00
Days on Market147

Property Features for 440 Monticello Avenue

General Information

Standard status Active
Size 255,000 SF
Lot size 5.00 Acres
Property subtype Office

Building Details

Year Built 2010
Listing Agency: S.L. Nusbaum Realty Co - Corporate
Listed By: Stephanie Sanker, CCIM, SIOR
Source: Slnusbaum
Added: Mar 6 Changed: Jul 10 Last Checked: Jul 31 at 6:01AM

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

Investment Insights

Based on property information with market context.

Located in downtown Norfolk, 440 Monticello is a mixed-use development constructed in 2010. Situated on a five-acre block bordered by Monticello Avenue, Freemason Street, Charlotte Street, and Bank Street, the development includes a LEED Gold Certified office tower at the northwest corner, specifically at the intersection of Monticello Avenue and Charlotte Street. The property features 255,000 square feet of office space within a 22-story tower, along with 121 luxury apartments and 50,000 square feet of retail space. Parking is accommodated by 1,859 spaces in two garages. The location provides walking distance access to MacArthur Center Mall, the Neon District, Chrysler Hall, SCOPE, and various restaurants and apartments, with immediate access to I-264 and I-464. The parking garage is designed for efficiency with limited columns. The building is serviced by two separate electrical power circuits for continuous power supply. A building conference facility with seating for up to 50 people is available to all office tenants. Complimentary private shuttle service is provided for all tenants. The 15th floor is move-in ready.

Key Highlights

  • LEED Gold Certified office tower in Downtown Norfolk.
  • Located in a mixed‑use development with luxury apartments and retail space.
  • Walking distance to key attractions (MacArthur Center Mall, Neon District, Chrysler Hall, SCOPE).

Property Analytics

Current Use

RecoveryTrek (Bike/Boat/Book/etc) Store in8 chiropractic - Norfolk Alternative Medicine Practice Tidewater Media Solutions Marketing & Advertising Willcox & Savage, P.C. Law Firm Wiley Law Offices, ... Law Firm

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom Carpet & Flooring Store Home Appliance Store Veterinary Clinic Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

3,730
Businesses Nearby

Demographics for 23510, VA

8,778
Population
4,948
Households
1.8
Avg Household Size
33
Median Age
52%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
7,980
Density / Sq Mi
$75,621
Median Household Income
$53,132
Median Earnings
$1,574
Median Rent
$349,700
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - LEED Gold certified office tower with mixed-use amenities.
Where is this office building located?
The property is located at 440 Monticello Avenue Norfolk, VA.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: LEED Gold Certified office tower in Downtown Norfolk.; Located in a mixed‑use development with luxury apartments and retail space.; Walking distance to key attractions (MacArthur Center Mall, Neon District, Chrysler Hall, SCOPE).
More about this property
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