8180 Shore Dr Norfolk, VA 23518
For Sale
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This exceptional 12,579-square-foot retail space, built in 2020, presents a unique waterfront investment opportunity in Norfolk, Virginia's vibrant Ocean View section. Situated on Shore Drive, the property boasts excellent visibility and convenient access. Its prime location is adjacent to East Beach, several marinas including Vinings Landing and Cobb's Marina, and the Joint Expeditionary Base Little Creek-Fort Story, home to approximately 2,500 military personnel. The building features a brand-new, ground-floor restaurant space ready for tenant improvements and furnishings. A large second-floor banquet space offers stunning marina views and includes an outdoor deck. Customer convenience is enhanced by available boat slips and a dedicated elevator. The property also includes a smaller lift for efficient food transport between floors. The building is equipped with robust electrical power (600 amp, 3-phase, 120/208V) and a substantial 1 1/2-inch water supply line. This property offers a rare combination of prime location, modern amenities, and significant potential for a thriving business. The proximity to a major military base and the recreational draw of East Beach ensures a consistent flow of potential customers.
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Abiouness Alfred E Engineering Consultant
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
PD-MUTL · 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.