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$ 105,000
Est. payment /mo
New
925 E. little creek rd Norfolk, VA 23518
1,936 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,936 sqft
Price per Sqft $54
MLS Listing ID 11945535
Year Built 1960
Property Description
Property is being sold through a simulcast auction (online and onsite bidding September 2 @ 12. List price does not reflect the final sale price. There is a 10% buyers premium added to the high bid. Property sold as is, where is. Virtual and in-person auction ends September 2 @ 1 PM. Gutted with New Framing. Dudley Auctions offers this 1,936 SF freestanding commercial building on a 0.23-AC (10,019 SF) lot in Norfolk's Little Creek submarket, zoned C2. Built in 1960, formerly Johnny's Diner, the building is now gutted to a shell with new framing installed - a clean slate for an investor or owner-operator, without demolition costs or delay. C2 zoning permits restaurant/food service, retail, personal services, professional office, banks, and medical office uses. Location & Market Overview: 75' frontage with two curb cuts on E. Little Creek Rd in an established, retail-dense corridor supporting co-tenancy and drive-by traffic. Daily traffic counts run 17,670-22,841 vehicles nearby, rising to 35,946 at N. Military Hwy/Rt. 165. Near Joint Expeditionary Base Little Creek (7.91% of 1-mile population is Armed Forces), with 696 businesses and 4,851 employees within one mile driving $19.3M in annual food-away-from-home spend. Corridor sale comps support $137-$257/SF for comparable retail/restaurant buildings (up to $475/SF trade-area-wide), well above the subject's last transfer basis of $211,000 ($108.99/SF, May 2026) - itself roughly 34% below the current $318,000 tax assessment. Property Details Building: 1,936 SF shell, new framing | Lot: 0.23 AC | Built: 1960 | Zoning: C-2 | Parking: 16 spaces | Amenities: bus line, pylon sign, existing signage | Parcel ID: 11685900 | Legal: Lot 6, Block B, Lincoln Park Auction Details Terms: As-Is, no financing contingency, 30-day close. Full Terms & Purchase Agreement available for review; all bidders responsible for independent due diligence and inspection
Location
State VA
County 51710
Rooms
Dining Room 0
Kitchen 0
Building
Story 1
Sewer Municipal
Water Municipal
Structure Type Frame
Others
Virtual Tour https://www.dudleyresources.auction/auctions/detail/bw165516