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    Norfolk, VA
    Retail

    Norfolk, VA Retail Space for Sale

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    Portsmouth, VA Chesapeake, VA Virginia Beach, VA Suffolk, VA Hampton, VA Newport News, VA Carrollton, VA Smithfield, VA
    Retail Property with Drive Thru
    Updated: Jun 5, 2025
    Retail Property with Drive Thru

    5357 E Princess Anne Rd, Norfolk, VA

    $795,000
    4,197 sqft 0.51 AC lot
    High traffic location: 20,000 cars per day and a population of over 105,000 within 3 miles.
    Drive‑thru capability.
    Value‑add repositioning or redevelopment opportunity.
    Existing lease income: 7‑Eleven has 2.5 years remaining on the lease.
    Month‑to‑month tenant (Kulture Kutz Barber Shop) interested in a long‑term lease extension.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    5357 E Princess Anne Rd, Norfolk, VA

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    • Est. Cap Rate

      6.6%
      Above avg (5.9%)

    • Est. NOI

      $52K
      Annual

    • Mortgage

      $780K
      Oct 2019

    • Last Sold

      Oct 2019
      $1.23M

    • Property Type

      Convenience Store
      Built 1968
    View Property Analytics
    Retail Storefront with Parking
    Updated: Oct 4, 2024
    Retail Storefront with Parking

    1501 E Little Creek Road, Norfolk, VA 23518

    $895,000
    2,987 sqft 0.72 AC lot
    Prime location with high visibility on a heavily traveled road.
    Zoned C2, suitable for Restaurant, Business, or Retail use.
    Ample parking with a repaved parking lot.
    Suitable for a Dealership with a Conditional Use Permit.
    New paint and carpet inside.
    View details
    Norfolk Mixed-Use Investment Opportunity
    Norfolk Mixed-Use Investment Opportunity

    2811-2815 Colonial Avenue, Norfolk, VA 23508

    $1,900,000
    19,545 sqft 0.86 AC lot

    Eleven units, single-family home, and retail space for sale.

    View details
    Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 3 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Space For Sale
    Retail Space For Sale

    1124 London Boulevard, Portsmouth, VA 23704

    Contact for pricing
    1,100 sqft 3.48 AC lot

    Retail space with equipment included, lease terms negotiable.

    View details
    Retail Space on Indian River
    Retail Space on Indian River

    6229 Indian River Rd, Virginia Beach, VA 23464

    $725,000
    2,500 sqft

    Retail space available for sale in Virginia Beach, VA.

    View details
    Turnkey Commercial Space For Sale
    Turnkey Commercial Space For Sale

    5759 Princess Anne Rd, Virginia Beach, VA 23462

    $359,900
    1,988 sqft

    Turnkey commercial space ideal for retail or office use.

    View details
    Retail Space For Sale
    Retail Space For Sale

    1220 High St, Portsmouth, VA 23704

    Contact for pricing
    1,886 sqft

    Retail space available for purchase.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    View details

    Off-Market Properties in Norfolk, VA

    Consider similar Off-Market properties in Norfolk, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3345 Military Hwy
    RETAIL STORES (PERSONAL SERVICES)

    3345 Military Hwy, Norfolk, VA 23518-5608

    $1,570,000
    Estimated value
    1,865 sqft 0.57 AC lot
    View details
    1825 Tidewater Dr
    RETAIL STORES (PERSONAL SERVICES)

    1825 Tidewater Dr, Norfolk, VA 23504-2507

    Value Estimation by Request
    1,560 sqft 0.11 AC lot
    View details
    800 Granby St
    RETAIL STORES (PERSONAL SERVICES)

    800 Granby St, Norfolk, VA 23510-2004

    Value Estimation by Request
    4,048 sqft 0.06 AC lot
    View details
    440 Granby St
    RETAIL STORES (PERSONAL SERVICES)

    440 Granby St, Norfolk, VA 23510-1914

    $925,000
    Estimated value
    5,850 sqft 0.05 AC lot
    View details
    8100 Shr Dr
    RETAIL STORES (PERSONAL SERVICES)

    8100 Shr Dr, Norfolk, VA 23518-2431

    Value Estimation by Request
    1,268 sqft 0.16 AC lot
    View details
    3348 Azalea Gdn Rd
    RETAIL STORES (PERSONAL SERVICES)

    3348 Azalea Gdn Rd, Norfolk, VA 23513-2239

    Value Estimation by Request
    3,482 sqft 0.73 AC lot
    View details
    211 Freemason St
    RETAIL STORES (PERSONAL SERVICES)

    211 Freemason St, Norfolk, VA 23510-1213

    $1,015,000
    Estimated value
    4,925 sqft 0.06 AC lot
    View details
    2618 Colley Ave
    RETAIL STORES (PERSONAL SERVICES)

    2618 Colley Ave, Norfolk, VA 23517-1132

    $1,065,000
    Estimated value
    6,408 sqft 0.46 AC lot
    View details
    111 Pennsylvania Ave
    RETAIL STORES (PERSONAL SERVICES)

    111 Pennsylvania Ave, Norfolk, VA 23504-1219

    $535,000
    Estimated value
    1,660 sqft 0.12 AC lot
    View details
    8459 Chesapeake Blvd
    RETAIL STORES (PERSONAL SERVICES)

    8459 Chesapeake Blvd, Norfolk, VA 23518-2615

    $685,000
    Estimated value
    6,600 sqft 0.47 AC lot
    View details
    7916 Old Ocean Vw Rd
    RETAIL STORES (PERSONAL SERVICES)

    7916 Old Ocean Vw Rd, Norfolk, VA 23518-3714

    Value Estimation by Request
    3,240 sqft 0.30 AC lot
    View details
    116 Granby St
    RETAIL STORES (PERSONAL SERVICES)

    116 Granby St, Norfolk, VA 23510-1604

    $500,000
    Estimated value
    3,300 sqft 0.03 AC lot
    View details
    3512 Princess Anne Rd
    RETAIL STORES (PERSONAL SERVICES)

    3512 Princess Anne Rd, Norfolk, VA 23502-1550

    Value Estimation by Request
    3,974 sqft 0.15 AC lot
    View details
    1318 Little Crk Rd
    RETAIL STORES (PERSONAL SERVICES)

    1318 Little Crk Rd, Norfolk, VA 23518-3920

    $800,000
    Estimated value
    5,000 sqft 0.23 AC lot
    View details
    1074 47th St
    RETAIL STORES (PERSONAL SERVICES)

    1074 47th St, Norfolk, VA 23508-1910

    $4,100,000
    Estimated value
    4,860 sqft 0.24 AC lot
    View details
    6040 Virginia Bch Blvd
    RETAIL STORES (PERSONAL SERVICES)

    6040 Virginia Bch Blvd, Norfolk, VA 23502-2474

    Value Estimation by Request
    2,590 sqft 0.26 AC lot
    View details
    3900 Colley Ave
    RETAIL STORES (PERSONAL SERVICES)

    3900 Colley Ave, Norfolk, VA 23508-2627

    Value Estimation by Request
    3,940 sqft 0.17 AC lot
    View details
    7455 Tidewater Dr
    RETAIL STORES (PERSONAL SERVICES)

    7455 Tidewater Dr, Norfolk, VA 23505-3844

    Value Estimation by Request
    4,825 sqft 0.19 AC lot
    View details
    1209 Monticello Ave
    RETAIL STORES (PERSONAL SERVICES)

    1209 Monticello Ave, Norfolk, VA 23510-2611

    $800,000
    Estimated value
    1,450 sqft 0.16 AC lot
    View details
    1154 Hugo St
    RETAIL STORES (PERSONAL SERVICES)

    1154 Hugo St, Norfolk, VA 23513

    Value Estimation by Request
    3,581 sqft 0.10 AC lot
    View details
    4035 Ocean Vw Ave
    RETAIL STORES (PERSONAL SERVICES)

    4035 Ocean Vw Ave, Norfolk, VA 23518-1613

    $2,500,000
    Estimated value
    12,136 sqft 0.86 AC lot
    View details

    Norfolk, VA Retail Space Market Trends and Statistics

    Explore 72 retail space for sale in Norfolk, VA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 26,729 square feet of properties for sale, with an estimated market value of $3,590,000.

    Sale prices for retail space in Norfolk, VA start at $795,000, averaging $1,196,666, and reaching up to $1,900,000 — 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

    Shopping centers 29
    Storefront properties 8
    Grocery and convenience stores 5
    Banks 4
    Automotive properties 3

    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
    23518 $722.5K
    23502 $1.9M
    23508 $2.2M

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Norfolk city

    Office

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Norfolk, VA

    • 23508
    • 23518

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