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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

123 College Pl Norfolk, VA 23510

1,300 SF Built 2007
Property ID
Property summary
AI-generated overview

This exceptional 1,300 square foot retail space, located at 123 College Place in the heart of Downtown Norfolk, Virginia, presents a unique investment opportunity. Built in 2007, this single-tenant property boasts a spacious, single-story layout, currently entirely vacant and ready for immediate occupancy. The property's prime location offers unparalleled access to the vibrant downtown area, placing it within easy reach of a diverse range of dining, shopping, and entertainment options. The building's features include beautiful Elizabeth River views, adding to its desirability. While the interior is currently being prepared for new tenants, it is anticipated that the space will be freshly painted and feature attractive hardwood floors and granite countertops. Large plantation blinds are installed on all windows. The property is situated in Norfolk city, Norfolk County, Virginia, with a zip code of 23510. This location offers excellent visibility and accessibility, making it an ideal space for a variety of retail businesses. The property's single-story design provides convenient access and ample space for retail operations. The 1,300 square feet of vacant space provides flexibility for customization to suit the needs of a new tenant. This is a rare opportunity to secure a prime retail location in a thriving downtown area.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2007
Total area 1,300 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Harbor Heights Real Estate Agency Real Estate Developer
  • Port Bunker Services Consultant
  • Stanley L Jason Dr Physician
  • The Ed-Tech Group High School Vocational School
  • Turner Ulysses Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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