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Property profile & analytics
FOR SALE
Automotive properties

5901 E Virginia Beach Blvd Norfolk, VA 23502

2,485 SF 0.45 ac lot Built 1962
Individually Owned Absentee Owner Free & Clear
Property ID
US87-3350516
Property summary
AI-generated overview

This 1,973 square foot storefront is located at 5901 E Virginia Beach Blvd, Norfolk, VA 23502. Situated on a hard corner at a signalized intersection, this property boasts exceptional visibility and accessibility. Its strategic location directly across from the JANAF Shopping Yard and adjacent to Military Circle Mall ensures high foot traffic and significant brand exposure. The property benefits from its proximity to major thoroughfares, I-264 and I-64, further enhancing its appeal to businesses and customers alike. This represents a rare opportunity to acquire a retail space in Norfolk's busiest retail corridor and largest retail node. The asking price for this exceptional property is $750,000. The building's 1,973 square feet offer ample space for a variety of retail uses, making it an attractive investment for owner-occupants seeking a prime location in a thriving commercial area. The property's high-impact location and strong surrounding retail environment make it an ideal investment for long-term growth and profitability. Don't miss this chance to secure a prominent position in one of Norfolk's most sought-after retail destinations.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1962
Total area 2,485 SF
Lot 0.45 ac (19,811 SF)
Zoning code C-2
APN 40977000
UPID US87-3350516
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
  • Wanda Coach Logistics Company Trucking Company
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
NANCY G DOVE
NANCY G DOVE
Zoning & alternative use
C-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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