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5121 E Virginia Beach Blvd
Norfolk, VA 23502 Poplar Halls

$199,000 USD

Light Distribution Condo For Sale  •  999 SF

Property Details

  • Property Type Light Distribution
  • Total Building Size 15,057 SF
  • Lot Size 1.04 AC
  • Building Class C
  • Year Built 1986
  • Cap Rate 11.84 %
  • Tenancy Single
  • Zoning C-2
42 Transit Score
40 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit B1 Office 999 SF $199,000 USD
  • Unit Size: 999 SF
  • Condo Use: Office
  • Price: $199,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $199.20 USD
Description
This particular space was previously used as for a religious organization. Previous Tenant is a construction company.

Sale Notes
This 900 SF space is For Sale for $120,000. The space is located at 5121 E Virginia Beach Blvd in the 15,057 SF building.

Description 

Flex property with 24-hour access, a security system, signage, reception area, storage space, and more!

Financial Summary

Cap Rate: 11.84 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Construction company 900 SF 12/31/2019
McCoy Plumbing Heating & AC 3,011 SF
No Family Left Behind 1,800 SF
Salon Proteje 1,506 SF
Strong Ridge Construction LLC 1,200 SF

Amenities

  • 24 Hour Access
  • Security System
  • Signage
  • Reception
  • Storage Space
  • Monument Signage
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
7 min - 3.2 mi
AirportDriveWalkDistance
Norfolk International 10 min - 4.4 mi
Newport News/Williamsburg International 45 min - 29.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 29
Type: Surface
Included in Rent: Yes
Lin Liao 757-735-1024 Lin Liao
Lin Liao 757-735-1024 Lin Liao