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Downtown Office Tower
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440 Monticello Ave, Norfolk, VA 23510

Modern office tower offers an on-site fitness center, conference space for up to 50, and served parking designed for easy access.

Space Size10,747 SF
Days on Market1281

Property Features for 440 Monticello Ave

General Information

Standard status Active
Size 10,747 SF
Property subtype OFFICE
Lease Type Full Service

Site & Location

Neighborhood Downtown
Highway Access Yes

Amenities

fitness center
conference facility
shuttle service
dual electrical power circuits

Spaces For Lease

at 440 Monticello Ave
440 Monticello Ave $25/SF/Yr
Floor 19
Size 10,747 SF
Type OFFICE
Lease Type FULL_SERVICE
Availability AVAILABLE, Now
Sublease No
- Newest office tower in Downtown Norfolk - Walking distance to MacArthur Center Mall, Neon District, Chrysler Hall, SCOPE, and numerous restaurants and apartments - Immediate access to I-264 and I-464 - Most efficient parking garage in Downtown Norfolk with limited columns making travel easy for tenants and visitors - Building serviced by two separate electrical power circuits for automatic power supply in an outage - State-of-the-art fitness center available to all tenants - Building conference facility with seating up to 50 available to all office tenants - Complimentary private shuttle service for all tenants.
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Listing Agency: S L Nusbaum Realty Co - Corporate
Listed By: Stephanie Sanker
Source: Moodyscre
Added: Apr 28, 2023 Changed: Oct 26 Last Checked: Oct 28 at 10:16AM

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

Rey
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Investment Insights

Based on property information with market context.

This newest office tower in Downtown Norfolk provides a modern work environment with a building conference facility that offers seating for up to 50 people, plus a state-of-the-art fitness center available to all tenants. The building is also serviced by two separate electrical power circuits to support automatic power supply in the event of an outage.

Tenants benefit from immediate access to I-264 and I-464, along with a complimentary private shuttle service for all tenants. The on-site parking garage is described as having limited columns for easier travel throughout the structure.

Additional tenant conveniences include access to parking designed for efficient movement and shared building amenities focused on day-to-day office use.

Key Highlights

  • Newest office tower in Downtown Norfolk with an on‑site fitness center for all tenants
  • Building conference facility with seating up to 50 for all office tenants
  • Immediate access to I‑264 and I‑464

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

RecoveryTrek (Bike/Boat/Book/etc) Store in8 chiropractic - Norfolk Alternative Medicine Practice Tidewater Media Solutions Marketing & Advertising Willcox & Savage, P.C. Law Firm Wiley Law Offices, ... Law Firm

Suggested Use

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,730
Businesses Nearby

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

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

Frequently Asked Questions

What type of property is this?
Office building - Modern office tower offers an on-site fitness center, conference space for up to 50, and served parking designed for easy access.
Where is this office building located?
The property is located at 440 Monticello Ave Norfolk, VA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Newest office tower in Downtown Norfolk with an on‑site fitness center for all tenants; Building conference facility with seating up to 50 for all office tenants; Immediate access to I‑264 and I‑464
(757) 649-1065 Call to check price and availability
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