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Freestanding Retail Space on Granby
For Lease
$185,000

7601 Granby Street, Norfolk, VA 23505

High-visibility retail space available for lease on a hard corner.

Space SizeContact for details
Property Size12,154 SF
Lot Size1.06 Acres
Days on Market156

Property Features for 7601 Granby Street

General Information

Standard status Active
Size 12,154 SF
Lot size 1.06 Acres
Property subtype Retail
Zoning C-R (REGIONAL COMMERCIAL)

Building Details

Building Size 12,154 SF
Listing Agency: MacKenzie Commercial Real Estate - Corporate
Listed By: Tom Fidler
Source: Mackenziecommercial
Added: Apr 3 Changed: Aug 10 Last Checked: Sep 1 at 2:29PM

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 MacKenzie Commercial Real Estate - Corporate

Investment Insights

Based on property information with market context.

Located at 7601 Granby Street in Norfolk, Virginia, this freestanding retail space offers approximately 12,154 square feet. Formerly a Rite Aid, the property is positioned on a 1.06-acre lot at the signalized intersection of Granby Street (Route 460) and W. Little Creek Road (Route 165), providing a prime, high-visibility location on a hard corner. The site features ample on-site parking with over 50 surface spaces and convenient ingress and egress on both Routes 460 and 165. It also provides easy access to major highways I-64 and I-564. The retail space is adjacent to Wards Corner and Wards Corner Shoppes, and it is catty-corner to K&K Square, which includes a Harris Teeter. The property is located minutes away from Norfolk’s Naval Station/Terminals and the Norfolk International Airport, making it suitable for various retail businesses.

Key Highlights

  • Prime high‑visibility location on a hard corner at the signalized intersection of Granby Street (Rt. 460) and W. Little Creek Road (Rt. 165).
  • Large 12,154 SF ± freestanding retail space, formerly a Rite Aid.
  • Ample on‑site parking with over 50 surface spaces.

Property Analytics

Current Use

Coinhub Bitcoin ATM ... Atm Hedeliza T. Peak, ... Pharmacy Rite Aid Pharmacy Pharmacy Timothy M. Nelson, ... Pharmacy Rite Aid Pharmacy

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply HVAC Service Big Box & Wholesale Store Skin Care Clinic

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

452
Businesses Nearby
204k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 54% Groceries 28% Shops & Services 15% Electronics 3%
Harris Teeter Groceries
51,946 visits/mo 0.3 miles
McDonald's Dining
23,028 visits/mo 0.3 miles
Starbucks Dining
15,129 visits/mo 0.3 miles
Taco Bell Dining
14,551 visits/mo 0.3 miles
Wendy's Dining
13,360 visits/mo 0.3 miles

Demographics for 23505, VA

27,785
Population
13,715
Households
2
Avg Household Size
32
Median Age
32%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
4,210
Density / Sq Mi
$55,678
Median Household Income
$40,814
Median Earnings
$1,279
Median Rent
$318,600
Median Home Value

Market

Lease Benchmarks for Norfolk, VA

$16.18 /SF/Yr
Avg Asking Price
$1.68–$27.95 /SF/Yr
Price Range
4,474 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
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Frequently Asked Questions

What type of property is this?
Retail space - High-visibility retail space available for lease on a hard corner.
Where is this retail space located?
The property is located at 7601 Granby Street Norfolk, VA.
What is the lease rate?
The lease rate is $185,000.
What are key features of this property?
This property features: Prime high‑visibility location on a hard corner at the signalized intersection of Granby Street (Rt. 460) and W. Little Creek Road (Rt. 165).; Large 12,154 SF ± freestanding retail space, formerly a Rite Aid.; Ample on‑site parking with over 50 surface spaces.
More about this property
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