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Neighborhood Retail Space
For Lease
$1,200/Mo

331 E Bayview Boulevard Unit 334, Norfolk, VA 23503

C-2 zoning supports neighborhood-serving commercial uses, with utilities paid directly by the tenant.

Space SizeContact for details
Days on Market36

Property Features for 331 E Bayview Boulevard Unit 334

General Information

Standard status Active
Zoning C-2

Additional Details

Space Use Retail

Building Details

Year Built 1960
Listing Agency: Abrams Realty
Listed By: Teresa Hagerman · License #22638
Source: Distinctlyrealestate
Added: Jul 25 Changed: Aug 28 Last Checked: Aug 29 at 12:04PM

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 Abrams Realty

Investment Insights

Based on property information with market context.

This 818 SF retail space is located in a 1960 commercial building at 331 E Bayview Boulevard, Unit 334. The property carries C-2, Neighborhood Commercial District zoning intended for small- to medium-scale businesses serving nearby residents. Potential uses identified for the site include personal care services, coffee or dessert shops, bakeries, professional offices, medical and dental practices, fitness studios, tutoring, dance, and music instruction.

The space is off Tidewater Drive and near Little Creek and Norfolk Naval Station. The lease requires a minimum three-year term. The tenant is responsible for gas, electric, and water, while the property is offered without CAM charges.

Key Highlights

  • 818 SF retail space in a 1960 commercial building
  • C‑2 (Neighborhood Commercial District) zoning
  • Off Tidewater Drive near Little Creek and Norfolk Naval Station

Property Analytics

Current Use

Mom & Pops Family ... Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Spa & Massage Center Auto Repair Shop

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
$2.64 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

240
Businesses Nearby
21k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
7-Eleven Shops & Services
13,656 visits/mo 0.1 miles
7-Eleven Shops & Services
7,817 visits/mo 0.1 miles

Demographics for 23503, VA

31,932
Population
15,350
Households
2.1
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
6,386
Density / Sq Mi
$62,428
Median Household Income
$42,850
Median Earnings
$1,195
Median Rent
$273,100
Median Home Value

Market

Lease Benchmarks for Norfolk, VA

$15.2 /SF/Yr
Avg Asking Price
$1.68–$27.95 /SF/Yr
Price Range
4,893 SF
Avg Space Size

This space is priced 16% above the average of $15.2 /SF/Yr.

Vacancy Rate% for Retail in Norfolk, VA

7.9% 2019
9.3% 2020
8.7% 2021
7.9% 2022
6.9% 2023
6.6% 2024
6.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - C-2 zoning supports neighborhood-serving commercial uses, with utilities paid directly by the tenant.
Where is this retail space located?
The property is located at 331 E Bayview Boulevard Unit 334 Norfolk, VA.
What is the lease rate?
The lease rate is $1,200/Mo.
What are key features of this property?
This property features: 818 SF retail space in a 1960 commercial building; C‑2 (Neighborhood Commercial District) zoning; Off Tidewater Drive near Little Creek and Norfolk Naval Station
More about this property
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