1836 Church Street, West Norfolk, VA 23504

$1,295,000
20,528
SqFt

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Property Description

$200K PRICE REDUCTION plus $50K CASH for renovation, $150K in Owner Financing. Historic building, 1886 Original Trolley Repair Station, later used as horse stables for NPD; features original arched windows and beams & four 2 ton overhead cranes (2/each warehouse). Current use is restaurant equipment sales, business/Inventory sale separate. This 2 warehouse, 4 property package totaling 1.22ac+ is completely fenced with 2 access points. Property fronts Church St, backs to O'Keefe St, and Chase St bisects the South side of the property (offering a low traffic back entrance). Adjacent city property (1+ac) may be available. Plenty of additional space for new build or storage yard and the historical warehouse building is in good condition; located against the right hand lot line at the front of the property. The new owner can take advantage of generous Federal, State, and Local Opportunity & Enterprise Zone tax credits and grants plus flexibility offered by the Railroad District Overlay. Combine both adjacent properties for over 4 acres in aggregate, ideal for redevelopment such as workforce housing, call agent for details.

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Listing courtesy of Creed Realty.