Investment Overview
801 East 26th Street offers investors the opportunity to acquire a neighborhood commercial center occupying an entire city block in Norfolk, Virginia. The ±27,672-square-foot property consists of 20 suites leased to a diverse mix of necessity-based retailers, service providers, and automotive users, anchored by a long-standing laundromat and a convenience store whose operators remain committed to the location through long-term lease agreements.
With the property currently 75% occupied and most tenants operating on month-to-month leases, investors are presented with a rare blend of stable income and substantial operational upside. The flexible lease structure allows ownership to strategically increase occupancy, recapture below-market rents, and improve tenant quality while maintaining cash flow from established businesses. This unique combination of long-term anchor tenancy and short-term lease flexibility creates a highly attractive value-add investment opportunity in a supply-constrained urban infill location.
Investment Highlights
- 27,672 SF building
- 20 units
- Zoned I-1 & C-2
- Prime Norfolk location
- Ideal for retail investment
- High potential for growth
- Versatile retail possibilities
- Strong 75% occupancy
- Thriving retail market opportunity