Norfolk, VA Storefront Properties for Sale

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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.

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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: Nov 29, 2025

Mixed-Use Retail and Residential Building

5010 Princess Anne Road E, Norfolk, VA 23502

$1,949,800

17,500 sqft 0.45 AC lot

Mixed‑use building with retail, offices, and residential units—6 residential, 7 retail, and 2 office spaces
First‑floor retail includes a florist, salons, and a fully equipped restaurant
100% occupancy reported
Built in 1932; shingle roof
Heating: natural gas with forced air

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Furnished Dry Cleaning Storefront

337-331 E Bayview Blvd, Norfolk, VA 23503

Contact for pricing

2,118 sqft

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

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Retail Property Near JANAF Yard

5901 E Virginia Beach Blvd, Norfolk, VA

$750,000

1,973 sqft 0.45 AC lot

Hard corner retail site in Norfolk's busiest retail corridor.

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Retail Property on Heavily Traveled Road

1501 E Little Creek Road, Norfolk, VA 23518

$895,000

2,987 sqft 0.72 AC lot

Retail or restaurant opportunity with high visibility and ample parking.

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Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 5 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 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.

Turnkey Salon Suites Business

3276 Academy Avenue, Portsmouth, VA 23703

$105,000

2,700 sqft

Established 2023 salon suites business operated through suite rentals; business only sale with no real estate included.

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Mixed-Use Retail and Apartments

1300 Bainbridge Boulevard, Chesapeake, VA 23324

$435,000

4,000 sqft 0.12 AC lot

Fully rented mixed-use property with two commercial spaces, three residential apartments, and five separate electricity meters.

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Historic Retail Building for Redevelopment

211-215 High Street, Portsmouth, VA 23704

$2,535,000

33,800 sqft

Vacant historic building with prominent High Street frontage and large floor plates for adaptive reuse and mixed-use concepts.

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Chesapeake Retail Building For Sale

1225 Cedar Rd, Chesapeake, VA 23322

$3,445,920

4,786 sqft

4,786 SF single tenant building in Great Bridge/Cedar Road.

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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.

Suffolk Commercial Land Opportunity

208 E. Pinner St, Suffolk, VA 23434

$189,900

7,511 sqft 0.17 AC lot

B-1 zoned flat lot with excellent commercial potential.

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Gloucester Courthouse Business Zoned Land

Fox Hunt Lane, Gloucester, VA 23061

$350,000

1.97 AC lot

1.97 acres of business-zoned land in Gloucester Courthouse.

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General Business Land with Utilities

108 Commercial Boulevard lot: 7, Elizabeth City, NC 27909

$425,000

1.50 AC lot

1.5-acre General Business parcel with frontage on Commercial Boulevard and utilities available for a wide range of uses.

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Elizabeth City Land For Sale

530 S Hughes Boulevard, Elizabeth City, NC 27909

$460,000

1.23 AC lot

1.234-acre commercial lot with high traffic frontage.

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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.

Individual retail properties

7915 Shore Dr, Norfolk, VA 23518

Value Estimation by Request

7,800 sqft

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Norfolk, VA Storefront Properties Market Trends and Statistics

Explore 6 storefront properties for sale in Norfolk, VA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 25,447 square feet of properties for sale, with an estimated market value of $4,489,800.

Sale prices for retail units in Norfolk, VA start at $750,000, averaging $1,122,450, and reaching up to $1,949,800 — 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
23518	$895K
23510	$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)

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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