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Norfolk Multi-Tenant Office Investment
For Sale
$1,200,000

1761 Church St, Norfolk, VA 23510

Fully leased office building in Norfolk's growing innovation corridor.

Property Size10,500 SF
Price / SF$114.29
Days on Market299

Property Features for 1761 Church St

General Information

Standard status Active
Size 10,500 SF

Taxes and HOA fees

Annual Taxes $18,548
Listing Agency: exit realty central
Listed By: Timothy Churchwell
Source: Exprealty
Added: Nov 3, 2025 Changed: Aug 27 Last Checked: Aug 28 at 5:00PM

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 exit realty central

Investment Insights

Based on property information with market context.

The property at 1761 Church Street is a fully leased, multi-tenant office building, offering stable income and long-term upside. Constructed in 2006 and professionally maintained, the single-story building contains between 10,448 and 10,500 square feet. The building is located at the intersection of Church Street and 18th Street in Norfolk, within a federally designated HUBZone and an Opportunity Zone. The HUBZone designation offers advantages for businesses pursuing government contracts, making the location attractive to service providers, medical practices, transportation groups, and professional firms seeking proximity to downtown, the naval base, and major employment centers. The property is 100% leased with a mix of regional transportation, medical, mental health, and contractor tenants. The building has flexible floorplans, private entrances, and separately metered units. There are 26 parking spaces, offering a ratio of 2.46 spaces per 1,000 square feet. The location provides access to downtown Norfolk, major roadways, and surrounding residential neighborhoods. The building features modern construction, a brick exterior, central air, and efficient mechanical systems.

Key Highlights

  • 100% Leased Multi‑Tenant Building: Provides diversified and resilient income streams.
  • HUBZone Designation: Offers significant competitive advantages for tenants engaged in federal contracting.
  • Opportunity Zone Location: Creates potential tax benefits for qualifying investors.

Property Analytics

Current Use

Construction Development Services ... Construction Company Brigade Contractors, Inc Construction Company Map Contracting Corporation Construction Company Astral Health PLLC Medical Clinic Vabode Crisis Center

Suggested Use

Top Pick Dental Office Building Supply Big Box & Wholesale Store Law Firm Kitchen & Bath Showroom Storage Facility

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

1,270
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Fully leased office building in Norfolk's growing innovation corridor.
Where is this office building located?
The property is located at 1761 Church St Norfolk, VA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 100% Leased Multi‑Tenant Building: Provides diversified and resilient income streams.; HUBZone Designation: Offers significant competitive advantages for tenants engaged in federal contracting.; Opportunity Zone Location: Creates potential tax benefits for qualifying investors.
More about this property
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