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Norton Retail Space on Park
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541 Park Ave NW, Norton, VA 24273

Spacious retail space available on Park Avenue in Norton.

Property Size15,400 SF
Price / SF$17.86
Days on Market167

Property Features for 541 Park Ave NW

General Information

Standard status Active
Size 15,400 SF
Property subtype Retail

Building Details

Units 1
Listing Agency: Price Richards Commercial
Listed By: Dave Prater · License #0225259762
Source: Crexi
Added: Feb 25 Changed: Aug 8 Last Checked: Aug 11 at 1:20PM

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 Price Richards Commercial

Investment Insights

Based on property information with market context.

This retail space is located on Park Avenue NW in Norton, VA. The property offers 15,400 square feet of floor space, making it suitable for larger retail operations. Park Avenue is a main thoroughfare in the city.

Key Highlights

  • Prime retail space on Park Avenue.
  • Located on a main thoroughfare in Norton, VA.
  • Expansive 15,400 sq ft of floor space.

Property Analytics

Current Use

Wise Furniture & Appliance ... Furniture & Home Goods

Suggested Use

Top Pick Real Estate Agency Auto Parts Store HVAC Service Electrical Service Kitchen & Bath Showroom Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

484
Businesses Nearby
15k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 44% Dining 42% Hotels & Casinos 14%
Captain D's Dining
4,788 visits/mo 0.3 miles
Marathon Petroleum Shops & Services
3,264 visits/mo 0.4 miles
Valero Energy Shops & Services
3,262 visits/mo 0.5 miles
Hampton Inn Hotels & Casinos
2,085 visits/mo 0.2 miles
Pizza Hut Dining
1,473 visits/mo 0.3 miles

Demographics for 24273, VA

5,730
Population
2,690
Households
2.1
Avg Household Size
42
Median Age
13%
College-Educated
84%
High-School Grad
64.5 sq mi
ZIP Area
89
Density / Sq Mi
$39,797
Median Household Income
$34,863
Median Earnings
$678
Median Rent
$105,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Spacious retail space available on Park Avenue in Norton.
Where is this retail space located?
The property is located at 541 Park Ave NW Norton, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Prime retail space on Park Avenue.; Located on a main thoroughfare in Norton, VA.; Expansive 15,400 sq ft of floor space.
More about this property
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