Norfolk Mixed-Use Investment
For Sale
Contact for pricing
2811-2815 Colonial Avenue, Norfolk, VA 23508
Eleven units, single-family home, and retail space for sale.
Property Size19,545 SF
Lot Size0.86 Acres
Price / SF$97.21
Days on Market78
Property Features for 2811-2815 Colonial Avenue
General Information
Standard status
Active
Size
19,545 SF
Lot size
0.86 Acres
Property subtype
Retail, Multifamily, Mixed Use
Building Details
Year Built
1910
Listing Agency:
Marcus & Millichap - Hampton Roads
Listed By:
Altay Uzun · License #VA 0225214405
Source:
Crexi
Added: May 20
Changed: Jul 10
Last Checked: Aug 5 at 11:19AM
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 Marcus & Millichap - Hampton Roads
Investment Insights
Based on property information with market context.
The property at 2811-2815 Colonial Avenue & 509 W 29th Street in Norfolk, VA, presents a mixed-use investment opportunity. Constructed in 1910 and 1981, the property is situated on 0.86 acres and comprises eleven units, a single-family home (SFH), and a retail space. The unit mix includes eight one-bedroom, one-bathroom units and three two-bedroom, one-bathroom units, in addition to the retail space. The total property size is 19545 square feet.
Key Highlights
- Diverse income streams from eleven units, a single‑family home (SFH), and a retail space.
- Located in Norfolk, VA.
- Mix of unit types: eight 1‑bedroom/1‑bathroom units and three 2‑bedroom/1‑bathroom units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,886
Businesses Nearby
Explore this area
Business Placement
Demographics for 23508, VA
20,485
Population
7,112
Households
2.9
Avg Household Size
27
Median Age
56%
College-Educated
93%
High-School Grad
3.3 sq mi
ZIP Area
6,208
Density / Sq Mi
$74,524
Median Household Income
$24,975
Median Earnings
$1,381
Median Rent
$384,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Eleven units, single-family home, and retail space for sale.
Where is this mixed-use property located?
The property is located at 2811-2815 Colonial Avenue Norfolk, VA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Diverse income streams from eleven units, a single‑family home (SFH), and a retail space.; Located in Norfolk, VA.; Mix of unit types: eight 1‑bedroom/1‑bathroom units and three 2‑bedroom/1‑bathroom units.
