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Downtown Corner Retail Space Available
For Lease
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401 Granby St, Norfolk, VA

Prime downtown corner retail space with street frontage.

Space Size562 SF
Lot Size0.37 Acres
Days on Market854

Property Features for 401 Granby St

General Information

Standard status Active
Size 562 SF
Lot size 0.37 Acres
Property subtype RETAIL

Spaces For Lease

at 401 Granby St Contact us

401 Granby St $1,400/Mo

Floor
1
Size
562 SF
Type
RETAIL
Availability
AVAILABLE, Now
Sublease
No
- 562 sf available on prime downtown corner - 200 new apartment units above and immediately...
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Listing Agency: JMS Commercial
Listed By: John Merenda
Source: Moodyscre
Added: Apr 22, 2024 Changed: Aug 9 Last Checked: Aug 22 at 1:34PM

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 JMS Commercial

Investment Insights

Based on property information with market context.

This 562 square feet retail space is available on a prime downtown corner. The property benefits from 60 linear feet of street frontage on Granby Street and Freemason Street. Street parking is available in front of the premises, with additional parking located approximately a half block west at a city garage. The location includes 200 new apartment units above and immediately adjacent to the retail space at 401 Granby.

Key Highlights

  • Prime downtown corner location
  • Boasts 60 linear feet of street frontage
  • 562 sf available, perfect for a variety of businesses

Property Analytics

Current Use

Metro on Granby Apartments Apartment Complex Loumeau Michael C Physician Milan Edward OD Physician Sunny Nail Spa Nail Salon

Suggested Use

Top Pick Electrical Service Plumbing Service Kitchen & Bath Showroom Home Appliance Store Locksmith (Bike/Boat/Book/etc) Store

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
$4.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,670
Businesses Nearby
66k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 43% Dining 29% Hotels & Casinos 16% Groceries 12%
Exxon Shops & Services
19,763 visits/mo 0.4 miles
Popeyes Louisiana Kitchen Dining
8,386 visits/mo 0.4 miles
Virginia ABC Groceries
7,861 visits/mo 0.4 miles
Courtyard Norfolk Downtown Hotels & Casinos
7,811 visits/mo 0.4 miles
BonChon Chicken Dining
7,492 visits/mo 0.1 miles

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 97% 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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Prime downtown corner retail space with street frontage.
Where is this retail space located?
The property is located at 401 Granby St Norfolk, VA.
What is the lease rate?
The lease rate is $1,400/Mo.
What are key features of this property?
This property features: Prime downtown corner location; Boasts 60 linear feet of street frontage; 562 sf available, perfect for a variety of businesses
(757) 560-5476 Call to check price and availability
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