Home/Virginia/Norfolk/HOLLYWOOD/1025 Newtown RD, NORFOLK VA 23502
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Coming Soon
Active
Under Contract
Sold
Off Market

0 days on market

$985,000

1025 Newtown Rd

Norfolk, Virginia 23502

MLS# 10637159 · HOLLYWOOD · Norfolk VA

Updated 11 hours ago · Source: REIN MLS

Est. payment

$6,219/mo

Edit below

Price / sq ft

$261

3,775 sq ft

Days on market

0

New listing

HOA

None

Year built

1964

62 yrs old

Beds

0

Full Baths

0

Half Baths

0

Sq Ft

3,775

Garage

No

Commercial/IndustrialSingle Family

About this home

Strategically positioned minutes from Interstate 264/64 interchange. Former Bank branch with a drive-thru and leased to an established day care through May 2029. The site is ideally located just off Virginia Beach Boulevard at Newtown Road next to CVS. The property comprises 3,775 square foot building with a drive-thru. and situated on 0.81 acres.

Listed by Petro Kotarides · Corinth Realty LLC

Location & Neighborhood

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Property Details

Bedrooms

0

Full Baths

0

Half Baths

0

Approx Sq Ft

3,775

Stories

0

Fireplaces

0

Flooring

N/A

Heating

Cooling

Laundry

Interior Features

N/A

Sale & Tax History

List Price

$985,000

Price / Sq Ft

$261

Annual Taxes

$9,850

Monthly Tax

$821

HOA

None

Tax Rate (effective)

1.00%

Sale Timeline (this listing)

EventDatePriceDetail
ListedMay 29, 2026$985,000
Currently listed$985,000

Looking for multi-year tax assessments or prior sales? REIN MLS only ships data for the current listing. For full property history, check the city assessor record:

Norfolk Real Estate Assessor

Tax data above from REIN public-records sync. Sale timeline tracked from this listing's first appearance in our feed forward; prior owner sales are not included.

Comparable Properties

Comps are selected by city, bed count, square footage and price proximity. Composite similarity score weights bed match, sqft variance, price variance, and straight-line distance.

About buying in Norfolk

Homes for sale in Norfolk, VA range from historic district townhouses in Ghent (23507) and waterfront condos along the Elizabeth River to ranch-style family homes in Larchmont, Lochaven, and Lafayette-Winona. As the cultural and economic heart of Hampton Roads, Norfolk offers something for nearly every buyer: $200K starter homes in Ocean View (23503, 23518), $400K-$600K Craftsman bungalows in Ghent and West Ghent (23517), executive homes near Old Dominion University (23508), and luxury riverfront properties in Larchmont and Algonquin Park. Norfolk's biggest employer is Naval Station Norfolk — the largest naval base in the world — and the city is also home to Norfolk Naval Shipyard, Eastern Virginia Medical School, Old Dominion University, and Norfolk State University. The active-duty military and academic communities drive steady year-round demand. Public schools include Maury High School in Ghent and Granby High School in Ocean View, and historically strong specialty programs at the Governor's School for the Arts. Buyers searching the 23510 (downtown) and 23508 (West Ghent / ODU corridor) ZIP codes will find the strongest mix of urban walkability and historic architecture; 23503 and 23518 (Ocean View) offer the most affordable waterfront entry points in Hampton Roads. The Norfolk MLS inventory below updates hourly from the REIN feed.

See more Norfolk homes for sale →

Military Commute

Drive times to nearest bases

Drive times via Google Maps with current traffic patterns. Times are typical and may vary by time of day. Use the "Analyze" button up top to see live drive time to your saved base.

Estimate your monthly payment

$6,219/mo

Principal & interest

$5,111

Property tax

$821

Home insurance

$287

PMI

None

HOA

None

Estimate only. Insurance assumed at 0.35% of home value annually. Actual taxes, insurance, and rate will vary by lender, credit, and property. Contact a lender for a personalized quote.

Listed by Corinth Realty LLC · MLS# 10637159

Data provided by REIN MLS. Information deemed reliable but not guaranteed.

ACTIVE LISTING

$985,000

1025 Newtown RD, NORFOLK VA 23502

Norfolk, Virginia 23502

Request Info

Quick Facts

TypeCommercial/Industrial
Year Built1964
Lot Size0.6500
Taxes$9,850/yr
HOANone
Heating
Cooling