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2406 Colley Ave

4,500 SF Industrial Building Norfolk, VA 23517 £762,889 (£170/SF)

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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!

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Property Facts

Price	£762,889	Rentable Building Area	4,500 SF
Price Per SF	£170	Number of Floors	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	Level Access Doors	2
Lot Size	0.13 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£762,889
Price Per SF	£170
Sale Type	Owner User
Property Type	Industrial
Property Subtype	Service
Building Class	B
Lot Size	0.13 AC
Rentable Building Area	4,500 SF
Number of Floors	1
Year Built/Renovated	1928/2019
Parking Ratio	2.44/1,000 SF
Clear Ceiling Height	12 ft
Level Access Doors	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.