440 Granby St | Norfolk, VA 23510
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440 Granby St
Norfolk, VA 23510
Retail Property For Sale
Investment Highlights
- 3 STORY MIXED USE BUILDING, LARGE 2000 SF SUITES PER FLOOR, 3RD FLOOR STUDIO APARTMENT RECENTLY RENOVATED
Executive Summary
prime investment property, mixed use property, value add, short term leases upside potential,
fully leased (3 tenants, retail first floor, office second floor, apartment third floor
in place NOI $6300 /month $75,600 /year
fully leased (3 tenants, retail first floor, office second floor, apartment third floor
in place NOI $6300 /month $75,600 /year
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Building Class
C
Year Built
1914
Price
$950,000
Price Per SF
$158
Cap Rate
7.96%
NOI
$75,600
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Zoning
D3
Frontage
24 FT on Granby St
Amenities
- Bus Line
PROPERTY TAXES
| Parcel Number | 34803324 | Improvements Assessment | $531,400 |
| Land Assessment | $145,300 | Total Assessment | $676,700 |
PROPERTY TAXES
Parcel Number
34803324
Land Assessment
$145,300
Improvements Assessment
$531,400
Total Assessment
$676,700
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