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930 Jett St

1,520 SF Retail Building Norfolk, VA 23502 $350,000 ($230/SF) 9.03% Cap Rate

Retail Space Virginia Norfolk 930 Jett St, Norfolk, VA 23502

Investment Highlights

  • Centrally Located
  • Freestanding Building
  • Monument Signage

Executive Summary

Freestanding Single Tenant Daycare Property for Sale in Norfolk off of Virginia Beach Blvd
Building is approx. 1,520 Square Feet and the Land is approx. 0.345 Acres
Tenant currently pays $3,150 per month with 3 years remaining on current lease agreeement
Tenant willing to sign a 10 year lease with new purchaser
NOI is currently $31,606 and the Cap Rate is currently 9%

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Day Care Center
Building Size
1,520 SF
Building Class
B
Year Built/Renovated
1980/2020
Price
$350,000
Price Per SF
$230
Cap Rate
9.03%
NOI
$31,606
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.34 AC
Zoning
C-2 - Commercial
Parking
10 Spaces (6.58 Spaces per 1,000 SF Leased)
Frontage
80 FT on Jett St

Amenities

  • 24 Hour Access
  • Bus Line
  • Fenced Lot
  • Signage
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning
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Nearby Major Retailers

PNC Bank
Food Lion
Starbucks
Truist
Planet Fitness
Applebee's
ALDI
Cook Out
Navy Federal Credit Union
Piggly Wiggly

PROPERTY TAXES

Parcel Number 26199120 Improvements Assessment $115,800
Land Assessment $90,200 Total Assessment $206,000

PROPERTY TAXES

Parcel Number
26199120
Land Assessment
$90,200
Improvements Assessment
$115,800
Total Assessment
$206,000
(757) 613-3337

Contact

  • Listing ID: 33663696

  • Date on Market: 10/28/2024

  • Last Updated:

  • Address: 930 Jett St, Norfolk, VA 23502

More public record information on 930 Jett St, Norfolk, VA 23502

The Retail Property at 930 Jett St, Norfolk, VA 23502 is currently available for sale. Contact JL Commercial Real Estate for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Utility Room
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Storage Shed
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Playground
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930 Jett St, Norfolk, VA for sale Typical Floor Plan- Image 14 of 15
Floor Plan

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930 Jett St
(757) 613-3337 x

930 Jett St

Jason Loizou

(757) 613-3337

(757) 613-3337

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