309 County St - Office FOR SALE


Portsmouth, VA 23704- Downtown Portsmouth
$1,880,000 USD
757-523-1900
309 County St, Portsmouth, VA for Sale
$1,880,000 USD
Office - FOR SALE
1/5
null | 8.4% Cap Rate

309 County St
Portsmouth, VA 23704
Downtown Portsmouth


OVERVIEW

Riddle Associates is pleased to offer the opportunity to acquire 309 County St, Portsmouth, VA. A Fully Leased 2- Story Class B office building in the heart of Downtown Portsmouth. This well maintained asset offers strong in-place income, a strong national and local tenant mix, recent capital improvements, and walkable access to restaurants, waterfront attractions, the locally famous Portsmouth Ferry, and convenient proximity to I-264 and I-464. Adjacent properties are owned and occupied by the City of Portsmouth. Please note- Do not disturb Tenants. Sale Price: $1,880,000 Building Size: 15,524 Land: 0.99ac/ 43,124sf Year Built: 1986 Zoning: T6 ( Mixed Unit Development) NOI: $157,995 Cap Rate: 8% Building Suites: Fully Leased (5 total suites)

FOR SALE DETAILS

PRICE

$1,880,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

8.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Guardian Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

D-1

APN/PARCEL ID

0007-0920

ASK ABOUT THIS PROPERTY

Shannon StidhamRiddle Associates, Inc.More Info
757-523-1900

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Shannon StidhamRiddle Associates, Inc.More Info
757-523-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.