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Medical Office Space Buildout
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420 Monticello Ave, Norfolk, VA 23510

Medical office space in the Wells Fargo Center with street-level retail and substantial on-site parking.

Space Size1,194 SF - 6,353 SF
Property Size255,000 SF
Days on Market50

Property Features for 420 Monticello Ave

General Information

Standard status Active
Size 1,194 SF - 6,353 SF
Class A
Total Parking Spaces 1857
Property subtype RETAIL

Additional Details

Space Use Office

Building Details

Building Size 255,000 SF

Spaces For Lease

at 420 Monticello Ave Contact us

420 Monticello Ave

Floor
1
Size
6,353 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Directly below 121 luxury apartments & adjacent to a 255,000 sf Class A office...
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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: Colliers | Norfolk
Listed By: Natalie Hucke
Source: Moodyscre
Added: Jul 27 Changed: Sep 6 Last Checked: Sep 13 at 9:51AM

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 Colliers | Norfolk

Investment Insights

Based on property information with market context.

This medical office space offers a buildout suited for services such as massage therapy, salon suites, medical, dental, or optometry. It is located within the Wells Fargo Center, a class A office tower that includes 50,000 SF of street-level retail space. The space size is 1,194 SF.

The Wells Fargo Center is supported by extensive on-site parking, with 1,857 spaces including reserved spaces for take-out customers. The surrounding tenancy includes Buffalo Wild Wings, Saffron Indian Bistro, Wells Fargo Bank, in8 Chiropractic, 7-Eleven, Sushi King, and Twisted Crab.

The property also sits just below Monticello Station, a 121 luxury apartment community immediately adjacent to the MacArthur Center mall, Chrysler Hall, and the Norfolk Scope.

Key Highlights

  • 1,194 SF medical office space buildout for medical, dental, optometry, massage therapy, or salon suites
  • Located within the Wells Fargo Center class A office tower
  • Wells Fargo Center includes 50,000 SF of street‑level retail space

Property Analytics

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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
Under-served
Demand for This Use

Demographics for 23510, VA

8,778
Population
4,948
Households
1.8
Avg Household Size
33
Median Age
52%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
7,980
Density / Sq Mi
$75,621
Median Household Income
$53,132
Median Earnings
$1,574
Median Rent
$349,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Norfolk, VA

$22.67 /SF/Yr
Avg Asking Price
$2.74–$31 /SF/Yr
Price Range
4,707 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Similar Off Market Nearby

  • Commonwealth Veterinary Cardiology 223 Granby St, Norfolk, VA 23510, United States
  • Hague Compounding Pharmacy at Children’s Hospital of Kings Daughter 601 Children's Ln #101, Norfolk, VA 23507

Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office space in the Wells Fargo Center with street-level retail and substantial on-site parking.
Where is this medical office space located?
The property is located at 420 Monticello Ave Norfolk, VA.
What are key features of this property?
This property features: 1,194 SF medical office space buildout for medical, dental, optometry, massage therapy, or salon suites; Located within the Wells Fargo Center class A office tower; Wells Fargo Center includes 50,000 SF of street‑level retail space
(757) 217-1882 Call to check price and availability
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