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James Griffin

james@uarva.com +1(757) 619-0930

$ 904,500

Est. payment | -/mo

7,949 SqFt

Save

$ 904,500

Est. payment | -/mo

Save

7,949 SqFt

Key Details

Property Type Commercial

Sub Type Purchase

Listing Status Active

Purchase Type For Sale

Square Footage 7,949 sqft

Price per Sqft $113

Subdivision Port Norfolk

MLS Listing ID 10657213

HOA Y/N No

Annual Tax Amount $1,744

Lot Size 4,791 Sqft

Property Sub-Type Purchase

Property Description

Discover the possibilities in this 7949-square foot mixed-used building in the Port Norfolk section of Portsmouth. Featuring (3) one-bedroom and (1) two-bedroom renovated apartments upstairs along with a large, shared laundry room and three commercial spaces downstairs, this property offers opportunities for the investors and business owners alike. Property highlights: 7949 SF historic mixed-use asset; Built 1922 - Fully modernized; Two-Story structure plus 4 residential units. Capital Improvements: Over $550K in completed renovations, new electrical, plumbing, HVAC and more, restored brick facade, new storefronts, and concrete pad, new roof, framing, bathrooms, ceilings, ALL WORK PERMITTED AND APPROVED BY HISTORICAL SOICETY. With residential and commercial space under one roof, this versatile property offers multiple potential income streams and room to bring your plans to life. Qualifies for cost segregation and bonus depreciation. Schedule your showing and explore the possibilities.

Location

State VA

County Portsmouth

Area 21 - Central Portsmouth

Zoning HLB

Interior

Cooling Central Air

Exterior

Parking Features Street

Utilities Available City Sewer, City Water, Electric

Roof Type Poly Skin

Building

Foundation Slab

Others

Senior Community No

Ownership Simple

Disclosures Historical District, Special Tax Rate

Special Listing Condition Historical District, Special Tax Rate

Listed by Signature Properties

NEARBY SCHOOLS & PROPERTIES

“Our job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(757) 619-0930

james@uarva.com

2476 Nimmo Pkwy, Beach, VA 23456, United States

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400 Broad ST Portsmouth, VA 23707