2406 Colley Ave
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2406 Colley Ave
4,500 SF Industrial Building Norfolk, VA 23517 $975,000 ($217/SF)
Investment Highlights
- This property is located in the Railroad District of Norfolk, Virginia, known for its mix of historic homes, shops, and dining options
- The Chrysler Museum of Art, Norfolk Scope Arena, and Harbor Park are a few of the many nearby venues offering recreational and cultural activities
- Property taxes are abated until 2034
- The area provides convenient access to major roadways and public transit.
Executive Summary
This 4,507-square-foot mixed use building has been completely renovated and offers all of the best amenities. It features a state-of-the-art kitchen, living area, home gym, workspace, and outdoor lounging area, in addition to 1,000 SF of retail space fronting Colley
Ave. This property and its prime location make it an attractive option for investors, residential buyers who can benefit from the commercial leasing income, or business owners who can work and live side-by-side!
Ave. This property and its prime location make it an attractive option for investors, residential buyers who can benefit from the commercial leasing income, or business owners who can work and live side-by-side!
Property Facts
| Price | $975,000 | Rentable Building Area | 4,500 SF |
| Price Per SF | $217 | No. Stories | 1 |
| Sale Type | Owner User | Year Built/Renovated | 1928/2019 |
| Property Type | Industrial | Parking Ratio | 2.44/1,000 SF |
| Property Subtype | Service | Clear Ceiling Height | 12 FT |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.13 AC | Opportunity Zone |
Yes
|
| Price | $975,000 |
| Price Per SF | $217 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | B |
| Lot Size | 0.13 AC |
| Rentable Building Area | 4,500 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1928/2019 |
| Parking Ratio | 2.44/1,000 SF |
| Clear Ceiling Height | 12 FT |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
Amenities
- Fenced Lot
1 of 1
Walk Score ®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 06530000 | Improvements Assessment | $474,300 |
| Land Assessment | $119,700 | Total Assessment | $594,000 |
PROPERTY TAXES
Parcel Number
06530000
Land Assessment
$119,700
Improvements Assessment
$474,300
Total Assessment
$594,000
zoning
| Zoning Code | industrial |
| industrial |
-
Jon Elliott -
Creoteric Commercial Real Estate
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2406 Colley Ave
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