735 Newtown Road
Office | 6,734 SqFt
Marketing description
Located in the City of Norfolk, 735 Newtown Road is a 6,734± square foot, two-story office building that fronts the highly-trafficked Newtown Road, and is situated in the Newtown/Witchduck submarket. The 3,367± square foot first-floor tenant will vacate upon sale; the second floor is comprised of four suites, with one currently vacant and the remaining three with short-term leases in-place.
Investment highlights
Central location on city line of Norfolk/Virginia Beach
3,367± square feet available on the first floor (entire first floor)
Four (4) suites on the second floor: three (3) suites under short-term leases (lease income in-place) and one
(1) 650± square foot suite currently available (financial information available upon signed NDA)
Two (2) electric meters on the first floor; four (4) electric meters on the second floor
Major building renovation in 2010
On-site parking to city code (27 parking stalls)
99 linear feet of road frontage/signage opportunity
Located in an Opportunity Zone, which may provide for preferential tax treatment
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