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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.

Property Size1,194 SF
Days on Market239

Property Features for 420 Monticello Ave

General Information

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

Additional Details

Space Use Office

Building Details

Building Size 255,000 SF
Listing Agency: S.L. Nusbaum Realty Co - Corporate
Listed By: Lindsay Bangel
Source: Moodyscre
Added: Dec 3, 2025 Changed: Jul 30 Last Checked: Jul 30 at 1:58AM

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 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

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

2,419
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

Market

Lease Benchmarks for Norfolk, VA

$21.25 /SF/Yr
Avg Asking Price
$14.5–$29.5 /SF/Yr
Price Range
22,927 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
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Similar Off Market Nearby

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

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) 263-4847 Call to check price and availability
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