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Industrial Distribution Facility with Yard
For Lease
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3700 Village Avenue, Norfolk, VA 23502

152,000-square-foot distribution facility with a paved, fenced warehouse yard adjacent to west-end loading docks.

Property Size152,000 SF
Lot Size6.88 Acres
Days on Market89

Property Features for 3700 Village Avenue

General Information

Standard status Active
Size 152,000 SF
Lot size 6.88 Acres
Property subtype Industrial
Zoning BC-I

Site & Location

Highway Access Yes
Fenced Yard Yes
Outdoor Storage Yes

Building Details

Year Built 1970
Listing Agency: S.L. Nusbaum Realty Co
Listed By: Stephanie Sanker CCIM SIOR · License #VA 0225054336
Source: Crexi
Added: May 4 Changed: Jul 23 Last Checked: Jul 29 at 8:01AM

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 S.L. Nusbaum Realty Co

Investment Insights

Based on property information with market context.

A 152,000-square-foot industrial distribution facility available for occupancy on March 1, 2027. The 6.88-acre site includes a large paved and fenced warehouse yard positioned adjacent to the loading docks at the west end of the building.

The property is centrally located in the Norfolk Industrial Park, near Downtown Norfolk, with quick and easy access to I-264 and the Downtown and Midtown Tunnels. It is also close to Norfolk International Airport, Norfolk International Terminals, the new Maersk/APM Terminals, and Lamberts Point Docks.

Zoned BC-I, the property allows business, research, light industrial, and manufacturing development. The site is located in an Enterprise Zone, Empowerment, and HUBZone, which may offer certain tax and financing incentives and possible contracting preferences.

Key Highlights

  • 152,000 SF industrial distribution facility built in 1970 available for occupancy March 1, 2027
  • 6.88‑acre site with large paved, fenced warehouse yard adjacent to the west‑end loading docks
  • BC‑I zoning allows business, research, light industrial, and manufacturing development

Property Analytics

Current Use

Terminal Warehouse Inc Storage Facility LANXESS CORP Home Decor Store People Services Inc Nursing Home

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Spa & Massage Center Gym & Fitness Center

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

Yes
Fenced yard
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.46 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

645
Businesses Nearby

Demographics for 23502, VA

20,547
Population
8,839
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,075
Density / Sq Mi
$66,467
Median Household Income
$37,213
Median Earnings
$1,335
Median Rent
$244,800
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Distribution center - 152,000-square-foot distribution facility with a paved, fenced warehouse yard adjacent to west-end loading docks.
Where is this distribution center located?
The property is located at 3700 Village Avenue Norfolk, VA.
What is the lease rate?
The lease rate is $9.75 SF/Yr.
What are key features of this property?
This property features: 152,000 SF industrial distribution facility built in 1970 available for occupancy March 1, 2027; 6.88‑acre site with large paved, fenced warehouse yard adjacent to the west‑end loading docks; BC‑I zoning allows business, research, light industrial, and manufacturing development
More about this property
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