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+17576751050
A Better Way Realty
1420 Chestnut Street, Central Portsmouth, VA 23704
- $2,500,000
- 6,359
- SqFt
- List Price
- $2,500,000
- Status
- NEW LISTING
- MLS#
- 10658206
- Year Built
- 2003
- Living Area
- 6,359
- Acres
- 2.71
- County
- Portsmouth VA
- City
- Central Portsmouth
- Subdivision
- All Others Area 21
- Neighborhood
- Commercial District 3
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.
Additional Information
- Heating
- Forced Hot Air, Gas, Zoned
- Cooling
- Central Air, Zoned
- Roof
- Metal
- Exterior
- Brick
- Parking Description
- Lot, 26-50 Spcs, 51-100 Spcs
- Contingency Exists
- Non Contingent
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Listing courtesy of Virginia Commonwealth Realty.
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