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    301 24Th St Norfolk, VA 23517

    Sponsored
    For Lease
    $10 SF/Yr

    Industrial warehouse, prime Norfolk location.

    Lot size:
    25,707 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial warehouse property, located at 301 W 24th Street in Norfolk, Virginia, offers 25,707 square feet of versatile space. The property is zoned I-L and features a single suite within the building. The warehouse boasts a 14-foot ceiling height, providing ample vertical storage capacity. Two loading docks ensure efficient loading and unloading operations. The property is served by robust 3-phase, 400-amp power. Situated on a 1.66-acre lot, this property offers significant potential for various industrial uses. Its strategic location within the Norfolk Railroad District provides excellent access to transportation networks. The property enjoys proximity to several key attractions and amenities, including the annual Brew Hop, Chrysler Museum (1.2 miles), Harbor Park Stadium (2.8 miles), and various bus stops within walking distance. Furthermore, it's conveniently located near the Ferry Stop - Waterside (2.0 miles), Midtown Tunnel (1.8 miles), and Downtown Tunnel (2.4 miles). The area boasts a walk score of 91 and a transit score of 43, indicating a high level of walkability and access to public transportation. This property presents a unique opportunity for businesses seeking a well-located and functional warehouse space in a vibrant urban setting. The property's size, features, and location make it an ideal choice for a variety of industrial operations.

    Property Features for 301 24Th St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,707 SF
    Total Rate
    21422.5

    Unit(s) available at that property

    Space
    ±25,707 SF Showroom / Warehouse
    Size
    0 SF
    Rate per SF
    $10

    HighLights

    • 25,707 SF main building plus 4,630 SF showroom/tasting room/restaurant space and 21,077 SF warehouse/brewery.
    • Masonry building with metal roof and white membrane cover.
    • 1.66‑acre site in Norfolk's Midtown Industrial Park, occupying a full city block, with 0.90 acres of paved, fenced yard providing ample parking.
    • Two overhead doors with van‑high loading platform and two dock‑high doors with levelers and motorized doors.
    • 14' clear height, 3‑phase 400‑amp electric service, and high‑efficiency T5 lighting.
    • 24.5' x 27.5' column spacing in a 123' deep x 165' wide warehouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2881145
    Latitude
    36.8703643

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    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, prime Norfolk location.
    Where is this distribution property located?
    The property is located at 301 24Th St Norfolk, VA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 25,707 SF main building plus 4,630 SF showroom/tasting room/restaurant space and 21,077 SF warehouse/brewery.; Masonry building with metal roof and white membrane cover.; 1.66-acre site in Norfolk's Midtown Industrial Park, occupying a full city block, with 0.90 acres of paved, fenced yard providing ample parking.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    301 24Th St Norfolk, VA 23517
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