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227 W York St

6,700 SF 46% Leased Retail Building Norfolk, VA 23510 £860,695 (£128/SF)

Investment Highlights

  • Lease Option Available
  • Strong Visibility from Duke St
  • On-Site and On-Street Parking Options
  • Very Close to Major Arterial Route Light Rail

Executive Summary

Quality location in Historical Area, on-site parking & on-street parking with a small permit fee to City of Norfolk, strong visibility from Duke Street, and very close to major arterial route Light Rail.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Tenants option to buy property
Property Type
Retail
Property Subtype
Storefront
Building Size
6,700 SF
Building Class
C
Year Built
1941
Price
£860,695
Price Per SF
£128
Percent Leased
46%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.71
Land Acres
0.09 AC
Zoning
HGWF2 - Historical Freemason Area
Parking
2 Spaces (0.3 Spaces per 1,000 SF Leased)
Frontage
56 ft on York St

Amenities

  • Bus Route
  • Commuter Rail
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,600 SF
  • Retail
  • -
  • Now

Pass-through Additional Rent: Real Estate taxes @ +/- $.70/sf and Landlord's Casualty Insurance @ +/- $.75/sf for Total Pass-through @ +/- $1.45/sf @ 3,600 sf = $435.00/month. There is approximately 2,000 square feet of space on the second floor for storage that comes with the lease.

Space Size Space Use Position Available
1st Floor 3,600 SF Retail - Now

1st Floor

Size
3,600 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 3,600 SF
Space Use Retail
Position -
Available Now

Pass-through Additional Rent: Real Estate taxes @ +/- $.70/sf and Landlord's Casualty Insurance @ +/- $.75/sf for Total Pass-through @ +/- $1.45/sf @ 3,600 sf = $435.00/month. There is approximately 2,000 square feet of space on the second floor for storage that comes with the lease.

Walk Score ®
Walker's Paradise (91)
Transit Score ®
Excellent Transit (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Buffalo Wild Wings Grill & Bar
Southern Bank
YMCA
PNC Bank
Towne Benefits
Bank of America
Starbucks
Texas de Brazil
Johnny Rockets
Chili's Grill & Bar

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21176100
Land Assessment
£159,150
Improvements Assessment
£128,009
Total Assessment
£287,159
  • Listing ID: 32906178

  • Date on Market: 21/08/2024

  • Last Updated:

  • Address: 227 W York St, Norfolk, VA 23510

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