25Th St Norfolk, VA 23508
- Retail properties
- 120,000 SF
Current Use by Public Records
- Retail properties
Property Details for 0 25Th St
- Property size
- 120,000 SF
- Property type
- Retail properties
Description
This vibrant 120,000 square foot retail center, located in Norfolk, Virginia's desirable Ghent submarket at Hampton Boulevard and W. 25th Street (zip code 23508), offers exceptional opportunities for businesses of all sizes. Ten spaces are currently available, ranging from 1,465 to 4,397 contiguous square feet, with a total of 25,551 square feet currently vacant. The property boasts ample patio areas and a central courtyard, creating a welcoming atmosphere for shoppers and tenants. A Lidl grocery store serves as an anchor tenant, drawing significant foot traffic. A Regus co-working space is also coming soon, further enhancing the property's appeal. The strategic location benefits from proximity to several key drivers of economic activity, including the world's largest naval base (Naval Station Norfolk), Old Dominion University (including its Ted Constant Convocation Center and new football stadium), and the Sentara Regional Medical Complex (with its children's hospital, heart center, and Eastern Virginia Medical School). Hundreds of new apartment units are under development in the adjacent Railroad District, promising a growing residential population. The surrounding historic neighborhoods are known for their high-income residents and highly educated population. The property is zoned C-2 and offers generous parking with a ratio of 4.9 spaces per 1,000 square feet. This prime location presents a unique investment opportunity within a thriving and expanding community.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk
- State
- Virginia
- Longitude
- -76.3019
- Latitude
- 36.8756
