Norfolk, VA Retail Properties & Spaces for Sale

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Updated: Oct 4, 2024

C2 Storefront with Parking

1501 E Little Creek Road, Norfolk, VA 23518

$895,000

2,987 sqft 0.72 AC lot

2987 square feet of storefront space
0.72‑acre property at 1501 E Little Creek Road, Norfolk, VA 23518
C2 zoning supports restaurant, business, and retail uses
Dealership use requires a Conditional Use Permit
Ample parking with a repaved parking lot

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This listing looks promising.

Here's a quick look at some key insights for

1501 E Little Creek Road, Norfolk, VA 23518

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Est. Cap Rate

3.8%
NOI ÷ price
Est. NOI

$34K
Annual
Price @ 7% Cap

$485K
Suggested
Property Type

Restaurant
Built 1984

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Updated: Aug 21

Freestanding Storefront Shell

925 E little creek rd, Norfolk, VA 23518

$105,000

1,936 sqft 0.23 AC lot

1,936 SF freestanding commercial building on a 0.23‑AC lot
Gutted shell with new framing installed; built in 1960
C‑2 zoning supports restaurant, retail, office, banking, medical‑office, and personal‑service uses
75' frontage on E. Little Creek Road with two curb cuts
16 parking spaces, pylon sign, existing signage, and bus‑line access

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Auto Repair Shop with Service Bays

1231 Norview Avenue, Norfolk, VA 23513

$1,400,000

2,200 sqft 0.65 AC lot

Operational automotive service property with multiple bays, parking, reception, storage, and C-2 zoning.

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Mixed-Use Building with Retail

5010 Princess Anne Road E, Norfolk, VA 23502

$1,149,800

17,500 sqft 0.45 AC lot

C-C-zoned property combines commercial storefronts, office areas, and residential occupancy in a multi-level configuration.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Office Building with Available Space

951-957 W 21st Street, Norfolk, VA 23518

$2,595,000

12,834 sqft

Commercial property offers flexible suites, dedicated signage opportunities, and additional parking along a busy commercial corridor.

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Restaurant Space in Strip Center

222 W 21st Street, Norfolk, VA 23517

$75,000

1,000 sqft

Restaurant space with central air, electric heat, and off-street parking in a multi-tenant shopping center.

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Mixed-Use Building with Retail Space

951957 21st Street, Norfolk, VA 23518

$2,595,000

12,834 sqft

Multi-suite commercial property with signage opportunities, flexible space availability, and access to surrounding retail and residential activity.

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Freestanding Storefront Shell

925 Little Creek Road, Norfolk, VA 23518

$105,000

1,936 sqft 0.23 AC lot

C-2 zoning supports restaurant, retail, personal service, office, banking, and medical office uses.

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Mixed-Use Property with Retail

5010 Princess Anne Rd E, Norfolk, VA 23502

$1,149,800

17,500 sqft

Two-level configuration combines commercial spaces with residential tenants in an established Norfolk property.

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Anchored Power Center Retail Space

1261 North Military Highway, Norfolk, VA 23502

Contact for pricing

11,097 sqft

Centrally located power center anchored by Target, Home Depot, and Food Lion with multiple entrances and available storefronts.

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Ghent Shopping Center Portfolio

301 W 21st St, Norfolk, VA 23517

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131,074 sqft

Three connected retail properties offer a diversified tenant base, urban walkability, and substantial leased occupancy.

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Functional Warehouse and Service Property

3111 E Virginia Beach Blvd, Norfolk, VA 23504

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14,825 sqft 1.04 AC lot

Warehouse and service property on 1.04 acres in Norfolk.

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Five-Bay Auto Shop

5421 Tidewater Dr, Norfolk, VA 23509

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3,005 sqft 0.83 AC lot

Automotive facility with service bays, office space, reception area, and Community Commercial zoning.

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Office-Retail Building with Apartment

211 West Freemason Street, Norfolk, VA 23510

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4,925 sqft

Downtown mixed-use property with office/retail space and a 2-bedroom, 2-bath apartment plus rooftop access.

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Furnished Dry Cleaning Storefront

337-331 E Bayview Blvd, Norfolk, VA 23503

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2,118 sqft

Leasable, fully equipped dry cleaning storefront with no CAM charges and tenant-paid utilities.

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Mixed-Use Development in Downtown Norfolk

440 Monticello Ave, Norfolk, VA 23510

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50,000 sqft

Vibrant mixed-use property with retail, apartments, and parking.

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NNN Ground Lease Property

5741 E Virginia Beach Blvd, Norfolk, VA 23502

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7,724 sqft

Absolute net ground lease with tenant responsibility for all costs and a remaining term through 2044.

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Mixed-Use Property with Retail Space

129 East Admiral Taussig Boulevard, Norfolk, VA 23505

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14,410 sqft

Commercial property with retail space, C-C zoning, and an established 1954 building.

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Freestanding Retail Building on NNN Lease

4261 E Little Creek Rd, Norfolk, VA 23518

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13,249 sqft 1.16 AC lot

Freestanding 13,249 SF retail building built in 2011 is leased under a 12-year NNN agreement with CVS Pharmacy, Inc.

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Coastal Retail Landmark Opportunity

1901 East Ocean View Avenue, Norfolk, VA 23503

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7,020 sqft

Retail storefront offered for sale along the Chesapeake Bay, steps from the beach in Norfolk’s Ocean View submarket.

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Two-Tenant Retail Storefront

6035 E Virginia Beach Blvd, Norfolk, VA 23502

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16,325 sqft

Retail storefront offering a simple two-tenant configuration in Norfolk, Virginia.

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Two-Tenant Retail Investment

6029 E Virginia Beach Blvd, Norfolk, VA 23502

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16,325 sqft

Stabilized retail property with two tenants and 100% occupancy, generating in-place net operating income.

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Collision Repair Center with Yard

745 E 26th St, Norfolk, VA 23504

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16,039 sqft 0.80 AC lot

Collision repair facility with fenced, stabilized yard, paint booths, and 14-ft grade level roll doors across two buildings.

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Prime Norfolk Acreage For Sale

745 Granby St, Norfolk, VA 23510

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39,037 sqft 1.00 AC lot

One-acre site in Norfolk's NEON Arts District.

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Norfolk, VA Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in Norfolk, VA, showcased through 47 active listings on our real estate platform. These investment opportunities span a total of 720,459 square feet of properties for sale, with an estimated market value of $10,566,600.

Sale prices for stores in Norfolk, VA start at $75,000, averaging $1,056,660, and reaching up to $2,595,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 235K

Population Growth (5Y) -4.3%

Median Household Income $64,747

College Educated 29.0%

High-Yield Neighborhoods for Investment

Identify Norfolk submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
23517	$75K
23518	$1.1M
23502	$1.1M
23513	$1.4M

Taxes & Financing

Tax Rate (average for all types) 1.27%

Property Tax per SF $9.43 per SF

Tax Rate vs County Average 0.01 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Norfolk city

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Norfolk fall within the 100,000+ square foot range.

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