211 Freemason St Norfolk, VA 23510-1213
This exceptional mixed-use property at 211 W Freemason St, Norfolk, VA 23510 presents a unique owner-user investment opportunity. The 4,925 square foot building, constructed in 1955, boasts a desirable D-3 zoning designation. The two-story structure offers a blend of commercial and residential space, perfectly suited for a variety of uses. The first floor encompasses approximately 2,800 square feet of creative office space, currently leased to Sway Creative Labs, an independent advertising agency. This provides immediate rental income for an owner-occupant. The second floor features a luxurious 2,200 square foot apartment complete with a private rooftop deck, offering significant potential for rental income or personal use. The property's prime location in vibrant Downtown Norfolk places it within easy reach of numerous shopping, dining, and entertainment options. Its adjacency to the Freemason Abbey Restaurant further enhances its desirability. The asking price is $1,200,000, translating to $243.65 per square foot. This represents a compelling investment opportunity with significant upside potential in a thriving urban setting. The property's versatile layout and prime location make it an ideal choice for discerning investors seeking a blend of income generation and personal use.
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Sway Creative Labs Marketing & Advertising (Bike/Boat/Book/etc) Store
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
D-3 · Norfolk, VANorfolk. Always verify with local authorities before improvements.
Costs & 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.