227 W York St 6,700 SF 46% Leased Retail Building Norfolk, VA 23510 £834,944 (£124.62/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
Building Size
6,700 SF
Building Class
C
Year Built
1941
Price
£834,944
Price Per SF
£124.62
Percent Leased
46%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.71
Lot Size
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
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 |
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21176100 | Improvements Assessment | £127,822 |
| Land Assessment | £154,389 | Total Assessment | £282,211 |
