25Th St Norfolk, VA 23508
- Lifestyle centers
- 120,000 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 0 25Th St
- Property size
- 120,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Railyard at Lambert's Point offers a unique investment opportunity in Norfolk, VA's thriving west Ghent submarket. This 120,000 square foot, multi-tenant shopping center is anchored by Lidl and benefits from a strategic location south of Naval Station Norfolk (64,357 active duty and civilian personnel) and Old Dominion University (20,000 students, plus the Ted Constant Convocation Center and a new, larger football stadium under construction). Its proximity to the Sentara Regional Medical Complex (thousands of employees, children's hospital, heart center, and Eastern Virginia Medical School) further enhances its appeal. The center features nine suites, with a minimum divisible space of 1,465 square feet and a maximum contiguous space of 7,169 square feet. Currently, 30,270 square feet are vacant, presenting a significant opportunity for expansion or new tenants. Ample parking is available, with a ratio of 4.9 spaces per 1,000 square feet. The property is zoned C-2 and situated in Norfolk County. The surrounding area is experiencing significant growth, with numerous new apartment buildings under development in the adjacent Railroad District. This location is surrounded by established, affluent, and highly educated residential neighborhoods. This prime retail space offers exceptional potential for investors seeking a strong return in a rapidly developing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk
- State
- Virginia
- Longitude
- -76.3019
- Latitude
- 36.8756
