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Prime Retail Space in Norfolk
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420 Monticello Ave, Norfolk, VA

Retail space in prestigious Wells Fargo Center near MacArthur Center.

Space Size1,194 SF - 4,945 SF
Lot Size1.32 Acres
Days on Market1226

Property Features for 420 Monticello Ave

General Information

Standard status Active
Size 1,194 SF - 4,945 SF
Lot size 1.32 Acres
Property subtype RETAIL

Spaces For Lease

at 420 Monticello Ave Contact us

420 Monticello Ave

Floor
1
Size
1,194 SF
Type
RETAIL
Rate
Contact for pricing
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Great buildout for massage therapy, salon suites, medical, dental, or optometry. -...
show more
Contact us

420 Monticello Ave

Floor
1
Size
4,195 SF
Type
RETAIL
Rate
Contact for pricing
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Great buildout for massage therapy, salon suites, medical, dental, or optometry. -...
show more
Contact us

420 Monticello Ave

Floor
1
Size
4,945 SF
Type
RETAIL
Rate
Contact for pricing
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Great buildout for massage therapy, salon suites, medical, dental, or optometry. -...
show more
Contact us
Listing Agency: S.L. Nusbaum Realty Co - Corporate
Listed By: Lindsay Bangel
Source: Moodyscre
Added: Apr 19, 2023 Changed: Aug 8 Last Checked: May 19 at 8:48PM

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 - Corporate

Investment Insights

Based on property information with market context.

This 4,945-square-foot retail space is located within the prestigious Wells Fargo Center, a 255,000-square-foot, Class A office tower with 50,000 square feet of street-level retail space. The property is well-suited for massage therapy, salon suites, medical, dental, or optometry practices. The location benefits from 1,857 on-site parking spaces, including reserved spaces for take-out customers. Neighboring tenants include Buffalo Wild Wings, Saffron Indian Bistro, Wells Fargo Bank, in8 Chiropractic, 7-Eleven, Sushi King, and Twisted Crab. The property sits just below Monticello Station, a 121-unit luxury apartment community, and is immediately adjacent to the 931,000-square-foot MacArthur Center Mall, Chrysler Hall, and the Norfolk Scope.

Key Highlights

  • Located in the prestigious Wells Fargo Center, a Class A office tower with street‑level retail.
  • Great buildout potential for massage therapy, salon suites, medical, dental, or optometry.
  • Immediately adjacent to MacArthur Center Mall, Chrysler Hall, and the Norfolk Scope.

Property Analytics

Current Use

Buffalo Wild Wings Restaurant Sushi King - Monticello Restaurant Massage Envy Alternative Medicine Practice Makeup By Kim ... Hair Salon Western Union Bank

Suggested Use

Top Pick Electrical Service Plumbing Service Kitchen & Bath Showroom Carpet & Flooring Store Home Appliance Store Veterinary Clinic

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

Location Intelligence

Trade Area within ½ mile

3,730
Businesses Nearby
74k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 48% Dining 26% Hotels & Casinos 14% Groceries 11%
Exxon Shops & Services
19,763 visits/mo 0.4 miles
Popeyes Louisiana Kitchen Dining
8,386 visits/mo 0.3 miles
Virginia ABC Groceries
7,861 visits/mo 0.4 miles
Courtyard Norfolk Downtown Hotels & Casinos
7,811 visits/mo 0.3 miles
BonChon Chicken Dining
7,492 visits/mo 0.2 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

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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space in prestigious Wells Fargo Center near MacArthur Center.
Where is this retail space located?
The property is located at 420 Monticello Ave Norfolk, VA.
What are key features of this property?
This property features: Located in the prestigious Wells Fargo Center, a Class A office tower with street‑level retail.; Great buildout potential for massage therapy, salon suites, medical, dental, or optometry.; Immediately adjacent to MacArthur Center Mall, Chrysler Hall, and the Norfolk Scope.
(757) 263-4847 Call to check price and availability
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