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735 Newtown Rd Norfolk, VA 23502

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For Sale
$1,250,000

6,734 SF office building in Norfolk's Newtown/Witchduck submarket.

Building Details

Year built
1982

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Listing Contact
Michael Good
Michael Good
Source: Slnusbaum

Listing Agency: S.L. Nusbaum Realty Co - Corporate Listing Agent: Michael Good

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

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Overview

Two-Story Office Building For Sale

Located in the City of Norfolk, the property at 735 Newtown Road is a 6,734 square foot two-story office building situated in the Newtown/Witchduck submarket. The building fronts the highly-trafficked Newtown Road. The first floor comprises 3,367 square feet, which will be available upon sale. The second floor contains four suites; one 650 square foot suite is currently vacant, and the remaining three suites are under short-term leases, providing lease income. The building features two electric meters on the first floor and four electric meters on the second floor. A major building renovation was completed in 2010. On-site parking is available, providing 27 parking stalls. The property has 99 linear feet of road frontage, offering signage opportunities. The location is within an Opportunity Zone, which may provide preferential tax treatment. The property is centrally located on the city line of Norfolk and Virginia Beach.
Location Intelligence

Current Use by Public Records

Bragg Laurence Dickerson ... Law Firm The Law Offices of Goss ... Law Firm Bowman, Erick A Law Firm Fentress, Russell J Law Firm Law Offices Of Steve ... Law Firm

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

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  • Local Demand
City
Norfolk
County
Norfolk
State
Virginia
Longitude
-76.1797443
Latitude
36.8506124

FAQs

What type of property is this?
Office building - 6,734 SF office building in Norfolk's Newtown/Witchduck submarket.
Where is this office building located?
The property is located at 735 Newtown Rd Norfolk, VA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: - 3,367± square feet available on the entire first floor.; - Located in an Opportunity Zone, potentially providing preferential tax treatment.; - Central location on the city line of Norfolk/Virginia Beach.
More about this property
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