701 Airline Blvd - Freestanding FOR SALE


Portsmouth, VA 23707- Midtown Portsmouth
$699,000 USD
757-620-2932
701 Airline Blvd, Portsmouth, VA for Sale
$699,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

701 Airline Blvd
Portsmouth, VA 23707
Midtown Portsmouth


OVERVIEW

Below market rents with long term investment upside - For sale below assessed value - High traffic location - Two connected properties: 4,098 and 2,924 square feet - 701 has 0.2 acres and 703 has 0.45 acres - Total of 7,022 square feet on 0.65 acres - Current City assessment of $763,490.00 - Tidewater Sew Vac just renewed their lease for an additional 5 year term - Current lease has gross rent fixed for the full term - Landlord pays taxes, insurance and maintenance

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$273 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,581 SF

ZONING

C-2

APN/PARCEL ID

0300-0470

ASK ABOUT THIS PROPERTY

Jonathan GuionJonathan Commercial PropertiesMore Info
757-620-2932

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

Jonathan GuionJonathan Commercial PropertiesMore Info
757-620-2932

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