1074 47th St Norfolk, VA 23508-1910
This exceptional retail opportunity presents 4,260 square feet of versatile space in the Old Dominion Shopping Center, located at 1074-1076 W. 47th Street, Norfolk, VA 23508, within Norfolk County. Currently entirely vacant, this property offers significant potential for a single tenant or can be subdivided to accommodate multiple businesses. Flexible space options include a 2,500 square foot unit and a 1,760 square foot unit, allowing for customization to suit diverse business needs. The property's prime location in Norfolk provides excellent visibility and accessibility, ensuring high foot traffic and strong potential for customer engagement. The "Old Dominion Shopping Center" designation offers established brand recognition and a pre-existing customer base. This is an ideal location for businesses seeking a high-traffic area with ample space for growth and expansion. The property is classified as a retail shopping center with multiple tenancy potential. This presents a unique chance to establish a strong presence in a thriving Norfolk community. The entire 4,260 square feet is available for immediate occupancy. Serious inquiries are encouraged to explore this exciting retail investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
C-2 · Norfolk, VACosts & 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.