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Street-Level Retail in Class A Tower
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440 Monticello Ave, Norfolk, VA 23510

Street-level retail space within a Class A office tower with established nearby dining and retail tenants.

Property Size4,945 SF
Days on Market89

Property Features for 440 Monticello Ave

General Information

Standard status Active
Size 4,945 SF
Total Parking Spaces 1857
Property subtype RETAIL

Building Details

Building Size 255,000 SF
Listing Agency: S.L. Nusbaum Realty Co - Corporate
Listed By: Lindsay Bangel
Source: Moodyscre
Added: May 4 Changed: Jul 29 Last Checked: Jul 30 at 12:14PM

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 street-level retail space is located within a 255,000 SF, Class A office tower that includes 50,000 SF of street-level retail space. The property also benefits from 1,857 on-site parking spaces, including reserved spaces for take-out customers.

Tenant synergy in the immediate area includes Buffalo Wild Wings, Saffron Indian Bistro, 7-Eleven, Sushi King, and Twisted Crab. The location sits just below Monticello Station, a 121-unit luxury apartment community.

The surrounding entertainment and retail draw includes adjacency to Chrysler Hall, Scope Arena, and the 931,000 SF MacArthur Center Mall, supporting a strong mix of day and evening foot traffic.

Key Highlights

  • Within a 255,000 SF Class A office tower with 50,000 SF of street‑level retail
  • 1,857 on‑site parking spaces, including reserved take‑out customer spaces
  • Neighboring tenants include Buffalo Wild Wings, Saffron Indian Bistro, 7‑Eleven, Sushi King, and Twisted Crab

Property 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 Veterinary Clinic Plumbing Service

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

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

$14.55 /SF/Yr
Avg Asking Price
$1.68–$27.95 /SF/Yr
Price Range
7,742 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 - Street-level retail space within a Class A office tower with established nearby dining and retail tenants.
Where is this retail space located?
The property is located at 440 Monticello Ave Norfolk, VA.
What are key features of this property?
This property features: Within a 255,000 SF Class A office tower with 50,000 SF of street‑level retail; 1,857 on‑site parking spaces, including reserved take‑out customer spaces; Neighboring tenants include Buffalo Wild Wings, Saffron Indian Bistro, 7‑Eleven, Sushi King, and Twisted Crab
(757) 263-4847 Call to check price and availability
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