735 Granby St Norfolk, VA 23510-2001
- Investment properties
- 6,200 SF
- 0.07 lot acres
Current Use by Public Records
- The C Suite / Photography Studio
Property Details for 735 Granby St
- Year built
- 1917
- Lot size
- 0.07 lot acres
- Property size
- 6,200 SF
- Zone code
- D-4
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 14493900
- APU
- 14493900
Description
This exceptional 6,200 square foot storefront property, located at 735 Granby Street in the heart of downtown Norfolk, Virginia, presents a compelling investment opportunity. The two-story brick building offers a substantial amount of retail space, perfect for a variety of businesses. With a total square footage of 6,200 square feet, all of which is net rentable, this property boasts ample room for operations and potential expansion. The asking price is $800,000, translating to a price per square foot of $129.03. Situated in Norfolk's vibrant Arts and Design district, this location offers high visibility and foot traffic, making it an ideal spot for a thriving business. The property's solid brick construction ensures durability and longevity, representing a sound investment for the future. The address is 735 Granby Street, Norfolk, VA 23510. This prime location offers excellent access to major transportation routes and is surrounded by a thriving community. The property's size and location make it an attractive option for businesses seeking a prominent presence in a dynamic urban setting. This is a rare opportunity to acquire a substantial retail space in a highly desirable area. Don't miss out on this chance to own a piece of Norfolk's vibrant downtown.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $625,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $540,000
- 6.5%
- $620,000
- 7%
- $525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $615,000
- Geo Method
- $615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $545,000
- Retail
- $660,000
- Mixed-Use
- $500,000
- Hospitality
- $500,000
- Educational
- $630,000
- Residential Income
- $670,000
- Energy
- $550,000
- Income-Based Land
- $610,000
- Food Service
- $680,000
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Longitude
- -76.2888
- Latitude
- 36.8554
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
