123 College Pl Norfolk, VA 23510
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.
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Harbor Heights Real Estate Agency Real Estate Developer
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Port Bunker Services Consultant
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Stanley L Jason Dr Physician
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The Ed-Tech Group High School Vocational School
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Turner Ulysses Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.