Listing Agency: CBRE | Norfolk j***@cbre.com Show Phone

Listed By: Jeff Parker, CCIM Show Phone

Source: Cbre

Added: Jun 19 Changed: Aug 11 Last Checked: Aug 11 at 9:32AM

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Investment Insights

Based on property information with market context.

This renovated industrial facility at 211 West 24th Street in Norfolk offers a flexible building for multiple operating concepts. The property is presented as an industrial venue with renovation work completed, supporting users who need a light industrial environment adaptable to brewery, retail, or recreation-style operations.

The site is positioned in Norfolk’s emerging Park Place / Railroad District, within the broader Hampton Roads logistics and defense economy context noted in the offering. As described, the location is intended to serve tenants who value proximity to that industrial and institutional activity.

For tenant requirements, the most practical fit is a user looking for a renovated industrial base that can support mixed-use programming, including brewery, retail, recreation, or light industrial operations. If your business requires a property that can accommodate more than a single industrial purpose, this facility’s stated flexibility makes it worth reviewing as a potential location for operations that blend production-oriented activity with customer-facing components.

Key Highlights

• Renovated industrial facility in Norfolk’s Park Place / Railroad District
• Positioned for use by brewery, retail, recreation, or light industrial users
• Opportunity for mixed‑use brewery, retail, recreation, or light industrial development

Property Analytics

Property Profile

Current Use

Bar Bays Golf ... Golf Course Bar Bays Family Recreation Center Armed Forces Brewing ... Production Facility

Suggested Use

Top Pick Law Firm Dental Office Pet Grooming Service Carpet & Flooring Store Nursing Home Parking Lot & Garage

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

$1.46 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,737

Businesses Nearby

Explore this area Business Placement

Demographics for 23517, VA

5,237

Population

2,901

Households

1.8

Avg Household Size

33

Median Age

55%

College-Educated

97%

High-School Grad

0.8 sq mi

ZIP Area

6,546

Density / Sq Mi

$63,556

Median Household Income

$46,689

Median Earnings

$1,397

Median Rent

$355,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this breweries located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Brewery - Renovated industrial space suited for brewery, retail, recreation, or light industrial use in Norfolk.

Where is this brewery located?

The property is located at 211 West 24th Street Norfolk, VA.

What is the lease rate?

The lease rate is $9.75 SF/Yr.

What are key features of this property?

This property features: Renovated industrial facility in Norfolk’s Park Place / Railroad District; Positioned for use by brewery, retail, recreation, or light industrial users; Opportunity for mixed‑use brewery, retail, recreation, or light industrial development