2406 Colley Avenue
4,507 SF MIXED-USE OPPORTUNITY IN THE HEART OF THE RAILROAD DISTRICT | $795,000
Marketing description
A rare opportunity to own a fully renovated, 4,507 SF mixed use property located in Norfolk’s vibrant and growing Railroad District. This prime property offers exceptional flexibility for residential buyers, owner-occupants, or investors seeking income-producing space in one of the city's most dynamic neighborhoods. Positioned just steps from restaurants, breweries, shops, and the cultural energy of Colley Avenue, this is a standout offering with upside potential in a location that's only gaining momentum.
• For Sale: 4,507 SF on .13 Acres
• Retail Income – Includes a 1,000 SF ground-floor commercial unit currently leased to Slow and Steady Bike and Goods, generating stable rental income
• Features a state-of-the-art kitchen, spacious living areas, fully upgraded bathrooms, home gym and a private outdoor patio
• Real estate taxes are abated through 2034, offering significant savings to the future owner
• Ideal for those seeking a live/work lifestyle, multi-unit investment strategy, or a hybrid residential and commercial portfolio addition
• Asking Price: $650,000
Investment highlights
- Mixed-Use Asset with In-Place Retail Income
- Tax Abatement Through 2034 Enhances Cash Flow
- Flexible Live/Work or Investment Configuration
- Fully Renovated Improvements with High-End Finishes
- Prime Colley Avenue / Railroad District Location
- Walkable Amenity-Rich Environment
- Long-Term Value Appreciation Potential in Growing Submarket
- Rare Opportunity to Acquire a Turn-Key Mixed-Use Asset at $650,000
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
