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Retail Space in Ghent Epicenter
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730 W 21st St, Norfolk, VA

Prime retail location at a high-traffic intersection in Ghent.

Space SizeContact for details
Property Size12,832 SF
Lot Size2.63 Acres
Days on Market1714

Property Features for 730 W 21st St

General Information

Standard status Active
Size 12,832 SF
Lot size 2.63 Acres
Property subtype RETAIL

Spaces For Lease

at 730 W 21st St Contact us

730 W 21st St $17/SF/Yr

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Listing Agency: Colliers | Norfolk
Listed By: Kevin OKeefe
Source: Moodyscre
Added: Nov 25, 2021 Changed: Jul 6 Last Checked: Jul 21 at 4:31AM

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 Colliers | Norfolk

Investment Insights

Based on property information with market context.

The Center Shops offer retail space in the Ghent area, situated at the intersection of Colley Avenue and 21st Street. This location is convenient to surrounding neighborhoods and provides access to students, faculty, and staff at Old Dominion University. The property is also near the Sentara Medical Complex and Naval Station Norfolk, which has over 62,000 military and civilian personnel. Tenant is responsible for the pro-rata share of CAM, taxes, and insurance, estimated at $2.88 per square foot, broken down as follows: $1.18 for tax, $0.14 for insurance, and $1.56 for CAM. The property offers 12,832 square feet of retail space.

Key Highlights

  • Located in the epicenter of Ghent at the intersection of Colley Avenue and 21st St.
  • Convenient to surrounding neighborhoods.
  • Proximity to Old Dominion University (students, faculty, and staff).

Property Analytics

Current Use

ALDI Specialty Food Shop

Suggested Use

Top Pick Dental Office Building Supply Law Firm Big Box & Wholesale Store Hotel & Motel 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

$1.56 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,430
Businesses Nearby
270k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Groceries 47% Dining 26% Shops & Services 23% Electronics 2%
Harris Teeter Groceries
38,729 visits/mo 0.4 miles
Food Lion Grocery Store Groceries
27,154 visits/mo 0.3 miles
Aldi Groceries
24,449 visits/mo 0.0 miles
The Fresh Market Groceries
19,350 visits/mo 0.3 miles
Dollar Tree Shops & Services
17,446 visits/mo 0.2 miles

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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Similar Off Market Nearby

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  • Palace Shops & Station 301 W 21st St, Norfolk, VA 23517
  • Center Shops 738 W 22nd St, Norfolk, VA 23517
  • 16,000 SF NEW RETAIL 435 W 24th St, Norfolk, VA 23517

Frequently Asked Questions

What type of property is this?
Shopping center - Prime retail location at a high-traffic intersection in Ghent.
Where is this shopping center located?
The property is located at 730 W 21st St Norfolk, VA.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Located in the epicenter of Ghent at the intersection of Colley Avenue and 21st St.; Convenient to surrounding neighborhoods.; Proximity to Old Dominion University (students, faculty, and staff).
(757) 217-1885 Call to check price and availability
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