4515 Colley Ave
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4515 Colley Ave
3,000 SF 100% Leased Retail Building Norfolk, VA 23508 $528,716 CAD ($176 CAD/SF)
Investment Highlights
- Prime commercial property on very active Colley Avenue.
Executive Summary
Prime commercial Property on very active Colley Avenue. A 3000 Square Foot building on 8708 Square Feet. The Property sits on three (3) lots. The legal description is Lots 41, 42, 43, Block 273 Revised Plat of Lambert's Point Investment Co. The Property is currently unoccupied. It was previously used as a beauty shop in the rear and a restaurant in the front. The owner recently gutted the interior, and it is now ready for the new owner to create their floor plan. This Property would also be ideal for multi-family development and excellent for ODU students
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Year Built
1958
Price
$528,716 CAD
Price Per SF
$176 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.53
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
C-2 - Business, Restaurant, Retail, Residential, Office
Parking
25 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
52 ft on Colley Ave.
Amenities
- Corner Lot
- Air Conditioning
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 33877350 | Improvements Assessment | $131,026 CAD |
Land Assessment | $140,285 CAD | Total Assessment | $271,311 CAD |
PROPERTY TAXES
Parcel Number
33877350
Land Assessment
$140,285 CAD
Improvements Assessment
$131,026 CAD
Total Assessment
$271,311 CAD
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4515 Colley Ave
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