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Mixed-Use Property with Workshop
New
For Sale
$600,000

5516 Typo Avenue, Norfolk, VA 23502

Commercial/Industrial, Norfolk, VA

Property Size204,228 SF
Lot Size4.69 Acres
Price / SF$2.94
Days on Market4

Property Features for 5516 Typo Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning I-2
Subdivision ALL OTHERS AREA 12
Standard status Active
Size 204,228 SF
Lot size 4.69 Acres

Taxes and HOA fees

Tax Annual Amount 1262
Listing Agency: GreenTree Realty Inc
Listed By: Kim Stanley
Added: Oct 19 Changed: Oct 22 Last Checked: Oct 22 at 1:06PM
MLS# 10658442

Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This I-2-zoned mixed-use property consists of three parcels offered together, spanning 4.69 acres, or 204,228 square feet. Improvements total approximately 11,189 square feet and include an eight-bay garage and workshop, several outbuildings, and a three-bedroom, two-bath home with an attached garage.

The property fronts the Elizabeth River and has tidal water views. The described regional access points include I-64, I-264, Norfolk International Airport, military installations, and the Port of Virginia.

Key Highlights

  • Three parcels offered as one property
  • 4.69 acres, or 204,228 square feet
  • Approximately 11,189 square feet of improvements

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Parking Lot & Garage Dental Office Gym & Fitness Center Bakery Cafe & Coffee Shop 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

Location Intelligence

Trade Area within ½ mile

698
Businesses Nearby

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
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?
Mixed-use property - Zoned I-2, the three-parcel offering includes residential, workshop, and supporting outbuilding improvements.
Where is this mixed-use property located?
The property is located at 5516 Typo Avenue Norfolk, VA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Three parcels offered as one property; 4.69 acres, or 204,228 square feet; Approximately 11,189 square feet of improvements
More about this property
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