5720 HOGGARD RD, Norfolk, VA 23502

Listing Agency: Global Real Estate Investment, Inc.

Listed By: Michael Zarpas · License VA #0225029596 Show Phone

Source: Crexi

Added: Oct 28 Changed: Nov 13 Last Checked: Nov 12 at 7:45AM

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Investment Insights

Based on property information with market context.

The retail property at 5720 Hoggard Road in Norfolk, Virginia, contains 7,181 square feet on a 0.48-acre parcel. The property is zoned C-C.

Key Highlights

• 7,181 square feet of retail space
• 0.48‑acre parcel
• C‑C zoning

Property Analytics

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

Open Analytics

Current Use

Salon BOIO Hair Salon We Print It Marketing & Advertising Ichran Japanese Ramen Restaurant Queens Chamber Boutique Clothing & Fashion Store Artisan Body Piercing ... Tattoo & Piercing Shop

Suggested Use

Top Pick Electrical Service Real Estate Agency Building Supply Grocery & Convenience Store Parking Lot & Garage Garden Center

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

55,231 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

750

Businesses Nearby

66k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 35% Home Improvements & Furnishings 30% Shops & Services 25% Hotels & Casinos 7%

Harbor Freight Tools Home Improvements & Furnishings

15,210 visits/mo 0.2 miles

Shell Shops & Services

10,358 visits/mo 0.0 miles

Hardee's Dining

9,539 visits/mo 0.5 miles

Arby's Dining

6,710 visits/mo 0.1 miles

Waffle House Dining

5,608 visits/mo 0.5 miles

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 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?

Strip mall - The site carries C-C zoning and is located on Hoggard Road in Norfolk.

Where is this strip mall located?

The property is located at 5720 HOGGARD RD Norfolk, VA.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 7,181 square feet of retail space; 0.48‑acre parcel; C‑C zoning