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Norfolk Retail Space For Lease
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1230 N Military Hwy, Norfolk, VA

10,900 SF building in dominant retail corridor.

Property Size10,900 SF
Lot Size14.50 Acres
Days on Market1263

Property Features for 1230 N Military Hwy

General Information

Standard status Active
Size 10,900 SF
Lot size 14.50 Acres
Property subtype RETAIL
Listing Agency: The Shopping Center Group | Newport News
Listed By: Debbie Mauro
Source: Moodyscre
Added: Feb 14, 2023 Changed: Jul 10 Last Checked: Jul 21 at 2:58AM

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 The Shopping Center Group | Newport News

Investment Insights

Based on property information with market context.

A 10,900 square foot building is available for lease in Norfolk's primary retail area. The location offers regional accessibility to I-64 and I-264. Nearby tenants include Target, Super Walmart, Janaf Shopping Center, Home Depot, Lowes and Ikea. The property features adequate parking and pylon signage. Traffic counts are 34,000 AADT on N. Military Highway and 23,000 AADT on E. Virginia Beach Boulevard.

Key Highlights

  • Located in Norfolk's dominant retail corridor.
  • Regionally accessible to I‑64 & I‑264.
  • High traffic count: N. Military Hwy - 34,000 AADT; E. Va Beach Blvd - 23,000 AADT.

Property Analytics

Current Use

Pep Boys (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Department Store Veterinary Clinic (Bike/Boat/Book/etc) Store Bakery

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

810
Businesses Nearby
770k
Monthly Visits Nearby

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

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

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 - 10,900 SF building in dominant retail corridor.
Where is this retail space located?
The property is located at 1230 N Military Hwy Norfolk, VA.
What are key features of this property?
This property features: Located in Norfolk's dominant retail corridor.; Regionally accessible to I‑64 & I‑264.; High traffic count: N. Military Hwy - 34,000 AADT; E. Va Beach Blvd - 23,000 AADT.
(757) 722-2500 Call to check price and availability
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