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Downtown Norfolk Mixed-Use Development
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440 Monticello Ave, Norfolk, VA 23510

Mixed-use development in downtown Norfolk, built in 2010.

Space Size1,760 SF - 24,500 SF
Property Size255,000 SF
Days on Market910

Property Features for 440 Monticello Ave

General Information

Standard status Active
Size 1,760 SF - 24,500 SF
Class A
Total Parking Spaces 1859
Property subtype Office
Lease Type Full Service

Building Details

Building Size 255,000 SF
Year Built 2010
Tenancy Multiple

Spaces For Lease

at 440 Monticello Ave Contact us

14th Floor

Size
24,500 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

15th Floor

Size
24,500 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

11th Floor

Size
24,500 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

18th Floor

Size
8,470 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

19th Floor

Size
10,747 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

20th Floor

Size
1,760 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 1225

Size
7,412 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 1250

Size
10,754 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: S.L. Nusbaum Realty Co
Listed By: Stephanie Sanker CCIM SIOR · License #VA 0225054336
Source: Crexi
Added: Mar 6, 2024 Changed: Aug 31 Last Checked: Aug 28 at 9:57PM

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 S.L. Nusbaum Realty Co

Investment Insights

Based on property information with market context.

The Wells Fargo Center is a mixed-use development constructed in 2010. It occupies a five-acre block in downtown Norfolk, bordered by Monticello Avenue, Freemason Street, Charlotte Street, and Bank Street. The development includes an office tower, situated at the northwest corner at the intersection of Monticello Avenue and Charlotte Street. The office tower is LEED Gold Certified.

Key Highlights

  • Located in downtown Norfolk
  • Part of the Wells Fargo Center mixed‑use development
  • Built in 2010

Property Analytics

Current Use

RecoveryTrek (Bike/Boat/Book/etc) Store in8 chiropractic - Norfolk Alternative Medicine Practice Tidewater Media Solutions Marketing & Advertising Willcox & Savage, P.C. Law Firm Wiley Law Offices, ... Law Firm

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom Carpet & Flooring Store Home Appliance Store Veterinary Clinic Plumbing Service

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

NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,730
Businesses Nearby

Demographics for 23510, VA

8,778
Population
4,948
Households
1.8
Avg Household Size
33
Median Age
52%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
7,980
Density / Sq Mi
$75,621
Median Household Income
$53,132
Median Earnings
$1,574
Median Rent
$349,700
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Office building - Mixed-use development in downtown Norfolk, built in 2010.
Where is this office building located?
The property is located at 440 Monticello Ave Norfolk, VA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Located in downtown Norfolk; Part of the Wells Fargo Center mixed‑use development; Built in 2010
More about this property
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