301 24Th St Norfolk, VA 23517
- Manufacturing properties
- 35,580 SF
- 1.68 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 301 24Th St
- Year built
- 1946
- Lot size
- 1.68 lot acres
- Property size
- 35,580 SF
- Zone code
- I-2
- Property type
- Manufacturing properties
- APN
- 18078800
- APU
- 18078800
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $875,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $715,000
- 6.5%
- $775,000
- 7%
- $740,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $725,000
- Geo Method
- $875,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $695,000
- Retail
- $665,000
- Mixed-Use
- $815,000
- Hospitality
- $775,000
- Educational
- $635,000
- Residential Income
- $870,000
- Energy
- $715,000
- Income-Based Land
- $840,000
- Food Service
- $775,000
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Longitude
- -76.2885
- Latitude
- 36.8705
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
