1421 Kempsville Rd
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1421 Kempsville Rd
7,220 SF Specialty Building Offered at $450,000 in Norfolk, VA 23502
Investment Highlights
- Located immediately near I-64, I-264, and Virginia Beach Blvd
- Building available for occupancy or redevelopment
- Surrounded by national retailers
Executive Summary
This property is currently an operating academy and the seller is willing to include the business and FF&E or sell the real estate exclusively. The school is a non-confirming approved use overlaying a residential zoning but the City of Norfolk has represented that it will support rezoning and the seller is willing to include a rezoning contingency.
Property Facts Under Contract
| Price | $450,000 | Lot Size | 0.78 AC |
| Price Per SF | $62 | Building Size | 7,220 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1965 |
| Price | $450,000 |
| Price Per SF | $62 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Lot Size | 0.78 AC |
| Building Size | 7,220 SF |
| No. Stories | 1 |
| Year Built | 1965 |
PROPERTY TAXES
| Parcel Number | 30205500 | Improvements Assessment | $338,100 |
| Land Assessment | $237,600 | Total Assessment | $575,700 |
PROPERTY TAXES
Parcel Number
30205500
Land Assessment
$237,600
Improvements Assessment
$338,100
Total Assessment
$575,700
zoning
| Zoning Code | R7 |
| R7 |
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Jon Elliott -
Creoteric Commercial Real Estate
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1421 Kempsville Rd
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