702 days on market
$1,395,000
731 Granby Street
Norfolk, Virginia 23510
MLS# 10537079 · DOWNTOWN AREA · Norfolk VA
Updated Jun 4, 2025 · Source: REIN MLS
Est. payment
$7,915/mo
Edit below
Price / sq ft
$338
4,132 sq ft
Days on market
702
HOA
None
Year built
1916
110 yrs old
Beds
0
Full Baths
0
Half Baths
0
Sq Ft
4,132
Garage
No
About this home
Exquisite COMMERCIAL Building boasting captivating elegance and timeless charm that leaves a lasting impression on owners and customers alike. METICULOUSLY renovated in 2017, this stunning property offers a seamless TURNKEY business opportunity with established tenants already in occupancy. The renovations encompassed every detail, featuring a brand-new bar, walls, mezzanine, light fixtures, bathrooms, kitchen, elect…
Listed by Allen Bynum · BHHS RW Towne Realty
VaHome Team property overview
731 Granby Street is a 4,132-square-foot commercial building in the heart of Norfolk's Downtown Area, constructed in 1916 on a compact 0.07-acre lot. Its century-plus history and central Granby Street address put it steps from the city's dining, arts, and business corridors.
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Why this home stands out
Few addresses in Hampton Roads carry the layered character of 731 Granby Street. Built in 1916, this 4,132-square-foot commercial property sits on one of Norfolk's most storied thoroughfares — a street that has anchored the city's commercial identity for generations. The building's early-twentieth-century bones, combined with its walkable downtown position, make it a rare find for anyone seeking presence, history, and urban connectivity in a single address.
DOWNTOWN AREA and the Norfolk real estate market
Granby Street is the spine of downtown Norfolk, and 731 sits right in the thick of it. The Downtown Area is where the city's energy concentrates — independent restaurants, creative businesses, arts venues, and civic institutions all share the same walkable blocks. Norfolk has been investing steadily in its urban core, and Granby Street reflects that momentum with a mix of renovated historic storefronts and active street life. For those evaluating military housing Norfolk options or simply looking for a centrally located commercial foothold, this corridor offers unmatched access to both the waterfront and the broader metro. The Elizabeth River is just blocks away, and the MacArthur Center and Scope Arena anchor the immediate district. Norfolk's light rail — The Tide — runs nearby, connecting downtown to the medical district and ODU. Whether you're drawn by the architecture, the foot traffic, or the address itself, the Downtown Area delivers a density of opportunity that few Hampton Roads locations can match.
What's nearby
Step outside 731 Granby and you're immediately surrounded by options. Soirée Bistro and Meet Me in Da Alley are both at your doorstep for a quick lunch or client meeting. Istanbul Gyro & Kebab is a short walk for a casual bite. Coffee is covered by Zeke's and The Natural Path Cafe and Studio, both within a block. For fresh provisions, Amale Tre Focacceria & Italian Deli is 0.2 miles out, with Macarthur General Store and Mercato Di Grazia both reachable in under half a mile. Green space is closer than you'd expect — The Plot, Norfolk Neighborhood Leisure, and Flatiron Park are all within 0.2 miles. Fitness Norfolk and Hi Definition Fit Club round out the walkable amenities.
For different buyers
For military families relocating
Naval Medical Center Portsmouth is roughly a two-minute drive from 731 Granby Street, and USCG Base Portsmouth is just three minutes away. For military personnel exploring BAH and VA loan options while searching homes for sale in norfolk va, the downtown location keeps base access straightforward without sacrificing the convenience of an urban address.
For buyers drawn to character
A 1916 commercial building on Granby Street isn't just square footage — it's a piece of Norfolk's urban fabric. The early-twentieth-century construction era shows in the bones: proportioned facades, durable materials, and a street presence that newer construction rarely achieves. If you're drawn to buildings that carry a genuine sense of place, 731 Granby Street is worth a serious look.
Frequently asked questions
How far is 731 Granby Street from Naval Medical Center Portsmouth?
Naval Medical Center Portsmouth is approximately a two-minute drive from 731 Granby Street, making this one of the closest downtown Norfolk addresses to that installation.
How far is 731 Granby Street from USCG Base Portsmouth?
USCG Base Portsmouth is about three minutes by car, giving this address exceptional proximity to two major military installations simultaneously.
What is the square footage and age of the building at 731 Granby Street?
The building totals 4,132 square feet and was constructed in 1916, placing it among the older commercial structures still standing in downtown Norfolk.
Is 731 Granby Street in a flood zone?
Flood zone status for 731 Granby Street is detailed in the FloodRisk tile on this page — check that section for the current FEMA designation and any applicable insurance considerations.
Where exactly is 731 Granby Street located within Norfolk?
The property sits on Granby Street in Norfolk's Downtown Area, one of the city's most walkable and commercially active corridors, within easy reach of the Elizabeth River waterfront and major civic anchors.
Curious about 731 Granby Street? Tom and Dariya Milan at LPT Realty know this corridor well — reach out to talk through what this address could mean for you.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Location & Street View
731 Granby Street, Norfolk
Map and Street View imagery © Google. Imagery may not be current.
Map data ©Google. Click and drag inside the map to explore the surrounding area.
Flood Risk
Property Details
Bedrooms
0
Full Baths
0
Half Baths
0
Approx Sq Ft
4,132
Stories
0
Fireplaces
0
Flooring
Concrete, Other
Heating
Electric
Cooling
Central Air
Laundry
Interior Features
N/A
Sale & Tax History
List Price
$1,395,000
Price / Sq Ft
$338
Annual Taxes
$3,233
Monthly Tax
$269
HOA
None
Tax Rate (effective)
0.23%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Jun 6, 2024 | $1,395,000 | — |
| Currently listed | — | $1,395,000 | — |
Public-Records Assessment
Source: Norfolk via Hampton Roads Regional Parcels. Fetched May 8, 2026.
Total Assessed
$236,400
Land
$79,000
Improvement
$157,400
Parcel ID: 1427988415 · View on city GIS portal
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:
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
Norfolk offers some of the most diverse housing options in Hampton Roads — historic Ghent townhomes, Larchmont craftsmen, modern downtown condos, and bungalow neighborhoods in Park Place and Colonial Place. As home to Naval Station Norfolk (the largest naval complex in the world) and the headquarters of NATO Allied Command Transformation, the city has consistent demand from active-duty military, DoD civilians, and contractors, making it especially friendly to VA loan buyers.
Military Commute
Drive times to nearest basesDrive 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
$7,915/moPrincipal & interest
$7,238
Property tax
$269
Home insurance
$407
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 BHHS RW Towne Realty · MLS# 10537079
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$1,395,000
731 Granby Street, Norfolk VA 23510
Norfolk, Virginia 23510
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