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Historic Two-Story Mixed-Use Building
For Lease
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127 Bank Street, Norfolk, VA 23510

Historic commercial space spanning two floors, suited to restaurant, retail, or office use near downtown transit and parking.

Space Size5,000 SF
Days on Market109

Property Features for 127 Bank Street

General Information

Standard status Active
Size 5,000 SF
Net Rentable 5,000 SF
Property subtype Office, Retail, Restaurant

Space & Availability

Available Space 5,000 SF
Contiguous Space 5,000 SF
Space Use Office

Additional Details

Public Transit Yes

Amenities

One block from MacArthur Center
One block from Main Street
close walking distance to Light Rail station
abundant parking in nearby garages

Building Details

Building Size 5,000 SF
Stories 2
Tenancy Single

Spaces For Lease

at 127 Bank Street Contact us

Main Space

Size
5,000 SF
Type
Office, Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Global Real Estate Investment, Inc.
Listed By: Michael Zarpas · License #VA 0225029596
Source: Crexi
Added: May 13 Changed: Aug 29 Last Checked: Aug 29 at 4:46PM

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 Global Real Estate Investment, Inc.

Investment Insights

Based on property information with market context.

This historic mixed-use property at 127 Bank Street provides 5,000 SF across two stories, creating a flexible footprint for restaurant, retail, or office occupancy. The building’s multi-level configuration supports a range of commercial layouts within an established urban setting.

The property is positioned in Downtown Norfolk, one block from MacArthur Center and Main Street. A Light Rail station is within convenient walking distance, while nearby parking garages provide access for customers, employees, and visitors.

Key Highlights

  • 5,000 SF historic building arranged across two floors
  • Suitable for restaurant, retail, or office use
  • Located at 127 Bank Street in Downtown Norfolk

Property Analytics

Current Use

Shavon Porta Potty ... Building Supply

Suggested Use

Top Pick Auto Parts Store Electrical Service Kitchen & Bath Showroom Big Box & Wholesale Store Veterinary Clinic Home Appliance Store

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

3,327
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?
Mixed-use property - Historic commercial space spanning two floors, suited to restaurant, retail, or office use near downtown transit and parking.
Where is this mixed-use property located?
The property is located at 127 Bank Street Norfolk, VA.
What are key features of this property?
This property features: 5,000 SF historic building arranged across two floors; Suitable for restaurant, retail, or office use; Located at 127 Bank Street in Downtown Norfolk
(757) 777-9355 Call to check price and availability
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