1420 Chestnut ST, Portsmouth, VA 23704
1420 Chestnut ST, Portsmouth, VA 23704
1420 Chestnut ST, Portsmouth, VA 23704
1420 Chestnut ST, Portsmouth, VA 23704
1420 Chestnut ST, Portsmouth, VA 23704
1420 Chestnut ST, Portsmouth, VA 23704
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James Griffin

James Griffin

+1(757) 619-0930
$ 2,500,000
Est. payment | /mo

6,359 SqFt

Save
$ 2,500,000
Est. payment | /mo
Save

6,359 SqFt

Key Details

Property Type Commercial

Sub Type Purchase

Listing Status Active

Purchase Type For Sale

Square Footage 6,359 sqft

Price per Sqft $393

Subdivision All Others Area 21

MLS Listing ID 10658206

HOA Y/N No

Year Built 2003

Annual Tax Amount $14,099

Lot Size 2.708 Acres

Property Sub-Type Purchase

Property Description

Income producing property. Current owner is interested in a sale-leaseback transaction. The income comes from the office buildings plus a 65 space parking lot for big rigs. The owner is prepared to rent the office space for $112,970 per year and the current income from parking revenue is $132,000 per year. Excellent investment opportunity or a Section 1031 Exchange. Property is located close to the port and has been used for parking big rigs for many years. A 6-foot fence surrounds this rear parking lot and is accessed 24/7 by a remote control gate. Owner has been operating a business in this location for the past ten years.

Location

State VA

County Portsmouth

Area 21 - Central Portsmouth

Zoning IL

Interior

Heating Forced Hot Air, Gas, Zoned

Cooling Central Air, Zoned

Exterior

Parking Features Lot, 26-50 Spcs, 51-100 Spcs

Utilities Available City Sewer, City Water, Electric, Gas

Roof Type Metal

Building

Story 1.0000

Foundation Slab

Others

Senior Community No

Ownership Simple

Disclosures None

Special Listing Condition None

Real Estate Information Network (REIN)
© 2026 REIN, Inc. Information Deemed Reliable But Not Guaranteed
Listed by Virginia Commonwealth Realty

NEARBY SCHOOLS & PROPERTIES

James Griffin

“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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1420 Chestnut ST