Listing Agency: Hogge Real Estate Inc

Listed By: Wendy Hogge · License #0225104842 Show Phone

Source: Hoggerealestate

Added: Oct 26 Changed: Oct 27 Last Checked: Oct 27 at 4:15AM

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Investment Insights

Based on property information with market context.

This commercial parcel is currently improved and operated as a parking lot. Its C-1 zoning supports a range of commercial activity, with some uses permitted by right and others requiring a Conditional Use Permit from the City of Norfolk. Potential use categories identified include retail, dining, professional services, and medical or dental offices; certain auto-related businesses, drive-throughs, tattoo parlors, and other higher-impact uses may require a CUP.

A billboard agreement with Adams Outdoor runs through October 2028. Building and permit inquiries are directed to the City of Norfolk.

Key Highlights

• Current use is a parking lot
• Zoned C‑1; some uses require a Conditional Use Permit
• Billboard agreement with Adams Outdoor continues through October 2028

Property Analytics

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Dental Office Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

488

Businesses Nearby

Explore this area Business Placement

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

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Frequently Asked Questions

What type of property is this?

Commercial land - The parcel is presently used for vehicle parking, with commercial uses subject to C-1 zoning provisions.

Where is this commercial land located?

The property is located at 1500 E Princess Anne Rd Norfolk, VA.

What is the asking price?

The asking price for this property is $120,000.

What are key features of this property?

This property features: Current use is a parking lot; Zoned C‑1; some uses require a Conditional Use Permit; Billboard agreement with Adams Outdoor continues through October 2028