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Riverside Corporate Center 240 Corporate Blvd

94,027 SF Vacant Office Building Norfolk, VA 23502 $13,500,000 ($144/SF)

Investment Highlights

  • Monument and building signage available.
  • Located at the convergence of Interstate 64, Interstate 264 and South Military Highway
  • Permitted uses include office, medical, college/university, adult day care, and hotel/motel.
  • Located between downtown Norfolk and Virginia Beach Town Center

Executive Summary

Riverside Corporate Center is in the heart of Hampton Roads at I-64 and I-264 with immediate access to The Tide Light Rail at Military Highway Station and an HRT bus stop at Corporate and Military. This corporate park setting features a walking trail and offers a professional environment with neighbors, Virginia Eye Consultants, CVP Physicians, Portfolio Recovery Associates, and U.S. Marine Management. Its close proximity to Sentara Leigh Hospital and Brock Cancer Center creates a synergy for medical providers and patients. The signalized intersection of South Military Highway and Corporate Boulevard creates an easy ingress and egress for employees and visitors of the building. Enjoy multiple nearby amenities including restaurants, retail, and the City of Norfolk’s Military Circle Mall which is slated for a new mixed-use redevelopment.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Lease Option
Property Type
Office
Building Size
94,027 SF
Building Class
A
Year Built
1989
Price
$13,500,000
Price Per SF
$144
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
23,507 SF
Building FAR
0.44
Land Acres
4.90 AC
Zoning
O-1
Parking
537 Spaces (5.71 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Commuter Rail
  • Signage
  • Monument Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 21,640 SF
  • Office
  • Full Build-Out
  • Now

Mostly open plan, with an abundance of private office and conference rooms.

  • 2nd Floor
  • 23,208 SF
  • Office
  • Full Build-Out
  • Now

2nd floor features a mostly private office-centric floor plan, with an abundance of private office and conference rooms.

  • 3rd Floor
  • 24,477 SF
  • Office
  • Full Build-Out
  • Now

3rd floor has a mostly open plan with an abundance of private office and conference rooms and the ability fo build out work stations in the open areas.

  • 4th Floor
  • 24,702 SF
  • Office
  • Full Build-Out
  • Now

4th floor features a mostly private office-centric floor plan, with an abundance of private office and conference rooms.

Space Size Space Use Condition Available
1st Floor 21,640 SF Office Full Build-Out Now
2nd Floor 23,208 SF Office Full Build-Out Now
3rd Floor 24,477 SF Office Full Build-Out Now
4th Floor 24,702 SF Office Full Build-Out Now

1st Floor

Size
21,640 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
23,208 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size
24,477 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Floor

Size
24,702 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 21,640 SF
Space Use Office
Condition Full Build-Out
Available Now

Mostly open plan, with an abundance of private office and conference rooms.

2nd Floor

Size 23,208 SF
Space Use Office
Condition Full Build-Out
Available Now

2nd floor features a mostly private office-centric floor plan, with an abundance of private office and conference rooms.

3rd Floor

Size 24,477 SF
Space Use Office
Condition Full Build-Out
Available Now

3rd floor has a mostly open plan with an abundance of private office and conference rooms and the ability fo build out work stations in the open areas.

4th Floor

Size 24,702 SF
Space Use Office
Condition Full Build-Out
Available Now

4th floor features a mostly private office-centric floor plan, with an abundance of private office and conference rooms.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36820230
Land Assessment
$1,100,000
Improvements Assessment
$13,068,200
Total Assessment
$14,168,200
  • Listing ID: 31046705

  • Date on Market: 2/26/2024

  • Last Updated:

  • Address: 240 Corporate Blvd, Norfolk, VA 23502

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