220 25Th St Norfolk, VA 23517
- Showrooms
- 7,110 SF
- 0.30 lot acres
Current Use by Public Records
- Pro's Auto Repair / Auto Repair Shop
- Midway Auto Repair / Auto Repair Shop
Property Details for 220 25Th St
- Year built
- 1955
- Lot size
- 0.30 lot acres
- Property size
- 7,110 SF
- Zone code
- I-1
- Property type
- Showrooms
- APN
- 26709000
- APU
- 26709000
Description
This exceptional Norfolk, VA property at 220 W 25th St offers 12,180 square feet of versatile space, perfect for a variety of retail and warehouse uses. Currently, 8,622 square feet are immediately available, divisible into units as small as 2,800 square feet, with a maximum contiguous space of 8,622 square feet. The single-story building, constructed in 1954, sits on a 0.44-acre lot and features multiple tenancy options. Its prime location in the Norfolk Railroad District places it amongst thriving businesses, including The Fishin Pig, Rip Rap Brewery, Coalescence Coffee Company, and Union Taco, ensuring high visibility and foot traffic. The property's adaptable layout makes it ideal for businesses seeking a blend of retail storefront and warehouse storage, or for multiple tenants seeking smaller, efficient spaces. This is a rare opportunity to secure a well-located, established property in a vibrant and growing area of Norfolk. The property's size and layout offer significant flexibility for a range of business needs, making it an attractive investment for both established businesses and new ventures. Don't miss this chance to establish your business in this dynamic location. Contact us today to learn more about leasing opportunities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $255,000
- 6.5%
- $235,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $230,000
- Mixed-Use
- $255,000
- Hospitality
- $220,000
- Educational
- $205,000
- Residential Income
- $225,000
- Energy
- $205,000
- Income-Based Land
- $250,000
- Food Service
- $185,000
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Longitude
- -76.2818
- Latitude
- 36.87
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA