500 West 21st Street

Norfolk, VA 23517

Listing ID: 213704
$3,900,000
For Sale
  • Property Type Office : Professional
  • Lot Size Acres 0.922
  • Building Sq Ft 17,306
  • Building Price per Sq Ft $225.36
  • Land Sq Ft 40,162
  • Land Price per Sq Ft $97.11
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Description

S.L. Nusbaum Realty Co. is pleased to present for sale a fully leased, three (3)-story office building located in the Ghent neighborhood of Norfolk. The 17,306 RSF building sits on 0.922 acres, offering an abundance of parking. Norfolk’s historic Ghent Neighborhood is a vibrant community filled to the brim with character, culture, and delicious cuisine. The neighborhood’s main thoroughfare, Colley Avenue, and adjacent 21st and 22nd Streets are lined with eclectic eateries, unique shops, art galleries, and antique stores. The neighborhood hosts Hampton Road's largest medical complex, and only Level 1 trauma center, containing Sentara Norfolk General Hospital, Sentara Heart Hospital, Children's Hospital of The King's Daughters, and Eastern Virginia Medical School. The first open-heart surgery in Virginia was performed at Sentara Norfolk General Hospital in 1967, and the first baby in the United States conceived by in vitro fertilization was born there in 1981.

Attachments & Files

Listing Demographics for 500 West 21st Street Norfolk, VA 23517

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population23,262132,564301,646
Population Median Age363635
Population by Age0-9 Yrs2380 (10%)14528 (10%)38451 (12%)
10-19 Yrs2153 (9%)17173 (12%)36918 (12%)
20-29 Yrs6547 (28%)31231 (23%)69700 (23%)
30-39 Yrs3611 (15%)18535 (13%)42477 (14%)
40-49 Yrs2342 (10%)13577 (10%)30379 (10%)
50-59 Yrs2256 (9%)14927 (11%)33126 (10%)
60-69 Yrs2100 (9%)12597 (9%)28366 (9%)
70+ Yrs1874 (8%)9996 (7%)22231 (7%)
Median HH Income$54,986$55,077$52,169
Total Household Income< 24K2661 (26%)12582 (25%)26852 (24%)
25-49K1957 (19%)10378 (20%)25419 (23%)
50-74K1587 (16%)8222 (16%)20577 (18%)
75-99K1119 (11%)6088 (12%)13000 (11%)
100-199K1930 (19%)9216 (18%)17919 (16%)
200K+650 (6%)3380 (6%)4907 (4%)
Highest Education LevelNo Diploma1455914922828
Diploma or GED29581785448052
Some College29591811546734
Assoc. Degree818575615389
Bachelors Degree37861762731990
Higher Degree35021472221995
Total Housing Units11,03356,333121,425
--Owner-Occupied3,21322,45950,817
--Renter-Occupied6,69127,40857,859
Owner-Occupied Values< 100K24716033979
100-199K767715820705
200-299K717571614926
300-399K61431054630
400-499K35518602567
500K+51330174010
Total Working Age Population19,741110,310243,750
In Work Force13,39772,361165,271
Not In Work Force6,34437,94978,479
Workforce Employed11,38460,104127,222
Workforce Unemployed8245,55011,115
Civlian Workforce12,20765,653138,337
Military Workforce1,1896,70826,934
Total Households9,90349,866108,676
Family Households4,34626,88163,952
Non-Family Households5,55822,98644,723
Married Couple2,80716,86838,145
Other Family1,53910,01325,807
Married w/Child1,0476,34215,079
Single Male w/Child839942,550
Single Female w/Child8494,76311,764

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Virginia7,078,515+138,001,024+88,655,021+89,331,666
Chesapeake city199,184+12222,209+12249,244+9270,506
Hampton city146,437-6137,436-1135,530-6127,842
Norfolk city234,403+4242,803+2246,881+1249,889
Portsmouth city100,565-595,535-195,027-590,715
Virginia Beach city425,257+3437,994+4457,699+2467,187

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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