- For Sale $1,750,000
- Property Type Retail - Street Retail
- Property Size 27,672 SF
- Units 20
- Property Tenancy Multi-Tenant
- Date Updated Sep 28, 2026
Description
Corner of Leo Street and E. 26th Street with 23,405 VPD801 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.
Highlights
- 20 units
- 27,672 SF building
- High potential for growth
- Ideal for retail investment
- Prime Norfolk location
- Strong 75% occupancy
- Thriving retail market opportunity
- Versatile retail possibilities
- Zoned I-1 & C-2
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Contacts
Chris Zarpas
S.L. Nusbaum Realty Co.
Location
Located at 801 East 26th Street, Norfolk, VA 23504, this property is part of the Villa Heights neighborhood and Richmond Tidewater market.
Contact Listing Broker
Chris Zarpas
S.L. Nusbaum Realty Co.