Norfolk, Virginia, is a prime location for investing in Warehouses For Sale, with its strategic position along the Elizabeth River and Chesapeake Bay making it a vital transportation point. Warehouses in Norfolk offer a unique investment opportunity, providing a space for businesses to operate, store goods, and distribute products efficiently. As a hub for maritime activities, defense contracting, and cargo ports, Norfolk's economy is driven by industries that rely heavily on warehouse space. With its rich architectural history, diverse cityscape, and amenities like Sentara Norfolk General Hospital and the Norfolk Botanical Garden, Norfolk is an attractive location for businesses and residents alike. The city's infrastructure, including water and sewer services, electricity, and natural gas distribution, supports the needs of warehouse operations. Additionally, Norfolk's proximity to neighboring cities like Virginia Beach and Chesapeake makes it an ideal location for businesses that require easy access to multiple markets.
Norfolk's Warehouses For Sale offer a range of investment opportunities, from small, flexible spaces to large, industrial facilities. With 10 available listings, investors can find the perfect warehouse to suit their business needs. The average price per square foot for Warehouses For Sale in Norfolk is $138 USD, with an average size of 31,864 square feet. The largest warehouse available is 149,900 square feet, providing ample space for businesses to operate and grow. Industrial Properties, Land, Residential Income Homes, and Commercial Real Estate are also available in Norfolk, offering investors a range of options to diversify their portfolios. The city's strong economy, driven by its maritime and defense industries, makes it an attractive location for businesses and investors alike. With its rich history, cultural attractions, and modern amenities, Norfolk is a great place to invest in Warehouses For Sale.
What are the key features investors look for in warehouses in Norfolk?
When searching for warehouses in Norfolk, investors typically look for key features that ensure a profitable and efficient operation, including:
- Average price per square foot of $138 USD, with an average size of 31,864 square feet and a maximum size of 149,900 square feet, offering ample space for storage and operations.
- A strategic location with proximity to major transportation facilities, such as the Norfolk International Airport, Amtrak station, and the Port of Virginia, ensuring easy access to regional and national markets.
- A competitive average cap rate of 7.09%, indicating a strong potential for returns on investment, as well as access to local amenities, infrastructure, and a skilled workforce.
What size warehouses are available to buy in Norfolk?
Warehouses for sale in Norfolk range in size from 31,864 square feet to 149,900 square feet, with an average price per square foot of $138 USD and an average cap rate of 7.09%, among the 10 available listings.
How much does it cost to buy a warehouse in Norfolk?
When it comes to buying a warehouse in Norfolk, the cost can vary depending on factors such as size, location, and condition, but on average, you can expect to pay around $138 USD per square foot, with the average warehouse size being around 31,864 square feet, and the largest available warehouse space being around 149,900 square feet, with a cap rate of around 7.09%.
