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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 Size12,832 SF
Lot Size2.63 Acres
Days on Market1806

Property Features for 730 W 21st St

General Information

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

Site & Location

Neighborhood North Ghent

Spaces For Lease

at 730 W 21st St
730 W 21st St $17/SF/Yr
Floor 1
Size 12,832 SF
Type RETAIL
Availability AVAILABLE, Now
Sublease No
- Tenant to pay pro-rata share of CAM, taxes, and insurance estimated to be $2.88 PSF - Tax: $1.18 - Ins: $0.14 - CAM: $1.56 - The Center Shops are located in what is considered the epicenter of Ghent, at the intersection of Colley Avenue and 21st St. The property is convenient to many surrounding neighborhoods, but also to students, faculty and staff at Old Dominion University, along with the nearby Sentara Medical Complex and over 62,000 military and civilians working/living at Naval Station Norfolk.
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Listing Agency: Colliers | Norfolk
Listed By: Kevin OKeefe · License #0225054935
Source: Moodyscre
Added: Nov 25, 2021 Changed: Oct 25 Last Checked: Nov 3 at 8:58AM

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

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Investment Insights

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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

Who owns this building? See the owner, sales and loan history
Open 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Similar Off Market Nearby

  • Coinstar Kiosk | Bitcoin ATM — Harris Teeter, 1320 Colonial Ave, Norfolk, VA 23517
  • Palace Shops & Station — 301 W 21st St, Norfolk, VA 23517
  • Center Shops — 738 W 22nd St, Norfolk, VA 23517
  • Ghent Market Shoppes — 2200 Colonial Ave, 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 · Office Call to check price and availability
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