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Property profile & analytics
OFF-MARKET
Commercial real estate

1512 Bayview Blvd Norfolk, VA 23503

0.25 ac lot Built 1950
Property ID
US87-3410934
Property summary
AI-generated overview

This exceptional commercial property at 1512 E Bayview Boulevard, Norfolk, VA, presents a unique investment opportunity. Priced at $429,000, this 0.25-acre lot boasts a main building ideally suited for a variety of commercial uses. Currently operating as a catering business, the property features a fully equipped kitchen complete with a hood system, extensive prep areas, and ample storage—perfect for food service operations. The interior layout is flexible, offering a spacious lobby/showroom area easily adaptable to different configurations. Imagine transforming this space into individual offices or maintaining the existing open floor plan. The property's strategic location on Bayview Boulevard ensures high visibility and easy access for customers. Two convenient driveways and substantial rear parking add to the property's appeal. An added bonus is the inclusion of a second building at 1514 E Bayview Blvd., providing an extra 433 square feet of usable space. This versatile property is ready for immediate occupancy, allowing you to start your business immediately or customize the space to perfectly match your specific needs. Don't miss this chance to acquire a prime commercial property in a thriving Norfolk location. The combination of existing infrastructure, ample parking, and flexible space makes this an exceptional opportunity for entrepreneurs and investors alike.

Property profile
Verified
Property type Commercial real estate
Year built 1950
Lot 0.25 ac (10,890 SF)
UPID US87-3410934
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • East Beach Catering Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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