Mixed-Use Property with
For Sale
$1,149,800
5010 Princess Anne Rd E, Norfolk, VA 23502
Two-level configuration combines commercial spaces with residential tenants in an established Norfolk property.
Property Size17,500 SF
Price / SF$65.70
Days on Market10
Property Features for 5010 Princess Anne Rd E
General Information
Standard status
Active
Size
17,500 SF
Additional Details
Multifamily Units
6
Building Details
Year Built
1932
Buildings
1
Listing Agency:
Gabriel Rapisardi Real Estate
(757) 577-2902
Listed By:
Gabriel Rapisardi
Source:
Horakrealtygroup
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 1:51PM
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 Gabriel Rapisardi Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property combines residential and commercial components within a building constructed in 1932. The configuration includes six residential units, seven retail spaces, and two offices, with residential tenants located above the commercial portion.
The property is located at 5010 Princess Anne Rd E in Norfolk, VA 23502. Existing commercial occupants include a florist, salons, and a fully equipped restaurant, creating a varied mix of business uses within the building. The property is offered as-is.
The property is located at 5010 Princess Anne Rd E in Norfolk, VA 23502. Existing commercial occupants include a florist, salons, and a fully equipped restaurant, creating a varied mix of business uses within the building. The property is offered as-is.
Key Highlights
- Six residential units, seven retail spaces, and two offices
- Existing commercial occupants include a florist, salons, and a fully equipped restaurant
- Residential tenants occupy the upper portion of the building
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 23502, VA
20,547
Population
8,839
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,075
Density / Sq Mi
$66,467
Median Household Income
$37,213
Median Earnings
$1,335
Median Rent
$244,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration combines commercial spaces with residential tenants in an established Norfolk property.
Where is this mixed-use property located?
The property is located at 5010 Princess Anne Rd E Norfolk, VA.
What is the asking price?
The asking price for this property is $1,149,800.
What are key features of this property?
This property features: Six residential units, seven retail spaces, and two offices; Existing commercial occupants include a florist, salons, and a fully equipped restaurant; Residential tenants occupy the upper portion of the building
