Martin Murden - Commercial Real Estate Showcase

Martin Murden Property Listings
S.L. Nusbaum Realty Co.
440 Monticello Ave
Suite 1700
Norfolk, VA 23510
(757) 627-8611
(757) 640-2292

428 Elm Avenue

Portsmouth, VA 23704 - Mid-City Ret Submarket

(547.1 KB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1976
Building Size:4,729 SF Land Area:.63 AC (27,443 SF)
For Sale Price:$495,000 Price/SF:$104.67
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 2.11/1,000 SF
Features:Bus Line, Dedicated Turn Lane, Pylon Sign, Signage, Signalized Intersection
4,729 SF is available to occupy upon purchase.

Sale Notes:
§ Located on prime signalized corner of London Blvd. and Elm Avenue
§ Lot Size: 0.63 Acres
§ Adjacent to new apartment development, The Quarters at Park View (140 Units)
§ Retail demand is expected to accelerate dramatically with over 700 new multi-family units delivering downtown in
2016. See: Portsmouth Economic Development Briefing

S.L. Nusbaum Realty Co.
Martin Murden
(757) 627-8611

Christopher M Zarpas
(757) 640-5437

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