3935 Princess Anne Rd Norfolk, VA 23502
This exceptional 2,748 square foot, single-story office building presents a unique build-to-suit opportunity. Situated on a 0.99-acre lot at the signalized intersection of E Princess Anne Road and Azalea Garden Road in Norfolk, Virginia's bustling Norfolk Industrial Park, this property offers unparalleled visibility and accessibility. The building, constructed in 1966, features a convenient four-lane drive-thru, perfect for various businesses. With 29 surface parking spaces and excellent ingress/egress via four curb cuts, this location ensures ease of access for customers and employees. The property's zoning, BC-I (Business & Commerce Park), allows for a wide range of uses, including retail, restaurant, office, medical, and more. Benefit from high traffic counts (30,000 vehicles daily) and strong visibility enhanced by a pylon sign. The strategic location provides proximity to major roadways (I-64 and I-264), Norfolk State University, downtown Norfolk, Sentara Leigh Hospital, and Norfolk International Airport. This former bank branch is completely vacant and ready for your vision. The property's tax cost per square foot is $3.13. The building is classified as Class B. This is an ideal location for businesses seeking high visibility and convenient access in a thriving commercial area.
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BB&T Mortgage Loan Service Bank
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Truist Financial Advisor
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Truist Insurance Services Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.