- For sale
Colliers International has been retained as the exclusive advisor for the sale of The Norfolk Newspapers Building located at 150 West Brambleton Avenue in Norfolk, Virginia.
The Norfolk Newspapers Building consists of two structures.
- The original building was constructed in 1937 and consists of approximately 156,000 SF.
- A second structure known as the office annex consists of 17,000 SF.
The property is comprised of numerous parcels with a total of 3.6 ± acres. The property is located in the center of The NEON Arts district and is zoned D-AD or Downtown Arts District. The D-AD district recognizes downtown Norfolk as a preeminent regional center for the visual, performing and design arts. Permitted uses within the D-AD district include, office, retail, and multifamily.
The property is recognized as a contributing structure within the Norfolk Auto Row Historic District. This will allow for the use of historic tax credits in the redevelopment of this site. The downtown area has benefited greatly by the re-purposing of historic structures for retail, office, hotels, and apartments.
The Norfolk Newspapers Building represents an excellent opportunity to acquire a well-positioned, easily accessible historic office building within Downtown Norfolk’s arts NEON district.