$1,250,000 430 High St Portsmouth, VA

MLS: 10405795   Type: Commercial   County: Portsmouth City   City: Portsmouth   Area: Central Portsmouth   Neighborhood: Olde Towne   Zip: 23704   Style: Commercial/Industrial     Taxes: $8,930

Mortgage $5,869 /mo



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This property is a rare opportunity to own and redevelop a historic mixed use building in Oldetown Portsmouth. This true diamond in the rough could be brought back to life with the right vision. There currently are 8 fully occupied apartments on the third floor, rental income is $6,600/mo. Three 1-bedroom, and five 2-bedroom recently renovated and under rental value. The first and 2nd floor was once a dinner theater, and has a city tax credit for keeping high ceiling height, but could be converted into additional apartments. There are several offices, bathrooms, and kitchen space. Elevator is maintained and inspected regularly. The possibilities are endless. Showings are available by appointment only, agent must be present. Please Do Not Disturb Tenants. Sold as-is, where-is.

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Area 21 - Central Portsmouth
Construction Block, Frame
Contingencies Feasibility Study/Due Diligence
Cooling Central Air
Features Display Window, Door Sign, Fire Sprinkler Sys, Inside Storage, Lighting, Mini Kitchen, Priv Restrms, Rear Entrance
Heating Gas
Location Faces Front, Frontage
New Construction Y/N No
Ownership Type Simple
Parking Close to Mass Transit, Street
Property Type Commercial/Industrial
Roof Poly Skin
Sub Type Purchase
Subdivision Name OLDE TOWNE - 119
Use Type Business
Utilities City Sewer, City Water, Electric, Gas, Meter
Zoning T5

Interior Features

Flooring Type Carpet, Concrete, Vinyl

Exterior Features

Foundation Basement
Garage Y/N No
Siding Brick

Property Schools

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Property vs Zip Code Avg (23704)

Price 1.25M Avg 575K

Sqr Feet 24,827 Avg 7,909

Cost / Sqr Ft $50 Avg $73

Taxes $8,930 Avg $5,070

Acres 0.25 Avg 0.17

Visits 87 Avg 127

Days on Site 109 Avg 245

Walkscore® 84 Avg 75

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Atlantic Sothebys Int'l Realty

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5705 Lynnhaven Pkwy
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