5000 Portsmouth Blvd - Office FOR SALE


Portsmouth, VA 23701
$1,375,000 USD
757-376-7237
5000 Portsmouth Blvd, Portsmouth, VA for Sale
$1,375,000 USD
Office - FOR SALE
1/8
null | 8% Cap Rate

5000 Portsmouth Blvd
Portsmouth, VA 23701


HIGHLIGHTS

  • Heavy traffic and visibility because property is off of Portsmouth Blvd.
  • Vacant lot that can be developed doubling number of current units.
  • High cash flow with long term tenants and low operating costs.

OVERVIEW

9 Units totaling $133,620 in annual rents. This property is leased to 5 business owners and 4 residents (apartments). Fully occupied with long term tenants. Low operating expenses. This is great for a 1031 exchange or an investor looking for a high cash flowing property. This property is directly off of Portsmouth Blvd and includes a large undeveloped lot which could be developed doubling the current number of units. Please call my cell at 757-376-7237 with any questions or to schedule a showing.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$342 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

OR-75

APN/PARCEL ID

0424-0250

ASK ABOUT THIS PROPERTY

757-376-7237

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757-376-7237

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