For Sale

1553 Alder Street, Norfolk, VA for sale

1553 Alder Street,
Norfolk, VA 23502

Asset Snapshot

Student Housing
Industrial Subtype
1
Floor Count
0.40 Acres
Land Area

Offering Summary

Investment Overview

1553 Alder Street offers a versatile owner-user or investment opportunity in Norfolk, featuring a ±6,752 SF industrial building situated on approximately 0.40 acres with 0.25 acres of fenced yard space. Designed for functionality, the property includes approximately 5,040 SF of warehouse space with an 18' minimum ceiling height and an exceptionally open layout. Approximately 4,000 SF is free-span, with only one column throughout the warehouse area, allowing for flexible equipment placement, storage and day-to-day operations. Two 14' roll-up doors - one at the front and one at the rear - provide convenient access through the building. The property also offers approximately 645 SF of lobby/showroom space and 620 SF of second-floor office space complete with a restroom and shower, providing a practical combination of customer-facing, administrative and industrial areas. An additional 450 SF detached workshop/storage building is located behind the main building, complementing the property's substantial fenced yard area and providing additional space for equipment, materials or storage.


Investment Highlights

  • 18' minimum warehouse ceiling height
  • Two 14' roll-up doors with front-to-rear access
  • 0.25-acre fenced and secured yard
  • Additional 450 SF detached workshop/storage building
  • 645 SF lobby/showroom
  • 620 SF second-floor office with restroom & shower

How it Works

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Listing Syndicated From

Buildout
Accepting Offers
$850,000
Asking Price

Investment Sales Broker

Jon Elliott
Creoteric Commercial Real Estate

Market Insights