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424 W 21st St 1,112 SF of Retail Space Available in Norfolk, VA 23517
HIGHLIGHTS
- Located in Norfolk’s Historic Ghent District with walkable access to restaurants and retail
- Former art gallery space with flexible layout and creative potential
- Immediate availability in a high-visibility corridor near Monticello Avenue and Granby Street
- Surrounded by high-income households and a strong daytime population
- Full-service lease structure with professional management
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 100 | 1,112 SF | Negotiable | $25.00 /SF/YR $2.08 /SF/MO $269.10 /m²/YR $22.42 /m²/MO $2,317 /MO $27,800 /YR | Plus Cleaning |
1st Floor, Ste 100
Suite: 100, First floor, former art gallery, available now.
- Listed lease rate plus proportional share of cleaning costs
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Ground-floor retail in historic Ghent
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 424 W 21ST ST, NORFOLK, VA 23517
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Design Collaborative
- Home Improvement
- 1
- -
- Mediation Center Of Hampton RD
- Professional, Scientific, and Technical Services
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Design Collaborative | Home Improvement | 1 | - |
| Mediation Center Of Hampton RD | Professional, Scientific, and Technical Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,112 SF | Gross Leasable Area | 4,181 SF |
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Freestanding |
| Total Space Available | 1,112 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,181 SF |
| Year Built | 1950 |
ABOUT THE PROPERTY
Positioned in the heart of Norfolk’s Historic Ghent District, 424 W 21st Street offers a rare opportunity to lease a charming ground-floor retail space in one of the city’s most walkable and vibrant neighborhoods. Formerly home to an art gallery, this 1,112 SF suite is ideally suited for boutique retail, gallery, or service-oriented tenants seeking a location with character and visibility. Surrounded by a dynamic mix of restaurants, shops, and cultural destinations, the property benefits from strong pedestrian traffic and proximity to major thoroughfares including Monticello Avenue, Colonial Avenue, and Granby Street. The area’s demographics are compelling, with over 107,000 residents and 46,000 households within a 3-mile radius, and a daytime population exceeding 166,000. Average household income in the area is nearly $98,000, supporting a robust consumer base.
- Bus Line
NEARBY MAJOR RETAILERS
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424 W 21st St
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