Listing Agency: JLL - Norfolk, Virginia

Listed By: Deborah Stearns · License #VA 0226016701

Source: Crexi

Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 6:23PM

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Investment Insights

Based on property information with market context.

This commercial land offering encompasses 2.13 acres at 1500 Monticello Avenue in Norfolk, Virginia. The property is identified as a development site within Ghent, an established neighborhood with access to local amenities.

The site is near Norfolk’s downtown area, employers, and educational institutions. Its urban setting places the property within an area described as having demand for retail and multifamily space.

Key Highlights

• 2.13‑acre commercial land parcel
• Located at 1500 Monticello Avenue, Norfolk, VA 23510
• Situated in Norfolk’s Ghent neighborhood

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Storage Facility Auto Parts Store Electrical Service

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

1,660

Businesses Nearby

Explore this area Business Placement

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

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Frequently Asked Questions

What type of property is this?

Commercial land - Commercial land positioned for development in Norfolk’s Ghent neighborhood.

Where is this commercial land located?

The property is located at 1500 Monticello Avenue Norfolk, VA.

What are key features of this property?

This property features: 2.13‑acre commercial land parcel; Located at 1500 Monticello Avenue, Norfolk, VA 23510; Situated in Norfolk’s Ghent neighborhood