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1st Floor - Unit B1
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Office
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999 SF
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$225,000 USD
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Unit Size: 999 SF
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Condo Use: Office
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Price: $225,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $225.23 USD
Description
This 900 SF space is located at 5121 E Virginia Beach Blvd in the 15,057 SF building. This particular space is currently being leased by a music studio. Previously, it has been used by a religious organization and a construction company.
Sale Notes
5121 E Virginia Beach Blvd presents an opportunity to acquire an owner-user or investment commercial condominium along one of Norfolk's primary commercial corridors. The property is currently operating as a music studio and offers a functional layout suitable for a variety of professional, creative, service-oriented, and small business users. The seller is seeking a transaction structure that includes a one-year leaseback arrangement, allowing the current tenant to remain in occupancy for approximately twelve months following closing. This provides immediate income potential while offering future flexibility for an owner-user's occupancy plans.
Positioned along E Virginia Beach Boulevard, the property benefits from visibility on a heavily traveled arterial roadway connecting Norfolk's established business districts with Virginia Beach and the greater Hampton Roads region. The location offers convenient access to Interstate 264, Norfolk International Airport, military installations, downtown Norfolk, and major employment centers throughout the Southside market. Nearby commercial services, retail amenities, and residential neighborhoods support a diverse customer and workforce base.
The property's condominium ownership structure provides a manageable investment profile while offering the benefits of a commercial location within an established business park environment. The existing music studio operation demonstrates the property's suitability for specialized creative and professional uses, while the planned leaseback period may provide buyers with a defined transition timeline and near-term income stream. This offering is well suited for investors seeking in-place occupancy or owner-users planning future business operations in a centrally located Hampton Roads location.
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