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430 High St

Portsmouth, VA 23704
  • $750,000
  • STATUS: Active
  • ON SITE: 6 Days
  • ID#: 10565204
New On Site 6 Days Ago
UPDATED: 52 min ago
$750,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 24,827
    SQFT
  • $30
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1941

School Ratings & Info

Description

This property is a rare opportunity to own and redevelop a historic mixed use building in the hearth of Olde Towne Portsmouth. There are currently are 8 fully occupied apartments on the third floor, rental income $7,000/mo. Three 1 bedroom and five 2 bedroom apartments. Lots of upside potential with the first and second floor commercial space, former theater space is currently vacant and blank canvas to redesign into a number of uses. 48 hours notice to show commercial space, listing agent must accompany showing. Proof of funds required prior to scheduled showing. Occupied units available to show only with due diligence. Sold strictly in As-Is condition, Seller to make no repairs. Newer sprinkler throughout property, back street tenant staircase recently refurnished. Please Do Not Disturb Tenants.

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www.elgproperties.com/homes/159224429
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430 High St Portsmouth, VA 23704

  • Price: $750,000
  • Status: Active
  • On Site: 6 Days
  • Updated: 52 min ago
  • ID#: 10565204
0
Beds
0
Baths
0
½ Baths
0.25
Acres
24,827
SQFT
$30
$/SQFT
1941
Built
Neighborhood:
Olde Towne - 119
Area:
21 - Central Portsmouth
Property Description
This property is a rare opportunity to own and redevelop a historic mixed use building in the hearth of Olde Towne Portsmouth. There are currently are 8 fully occupied apartments on the third floor, rental income $7,000/mo. Three 1 bedroom and five 2 bedroom apartments. Lots of upside potential with the first and second floor commercial space, former theater space is currently vacant and blank canvas to redesign into a number of uses. 48 hours notice to show commercial space, listing agent must accompany showing. Proof of funds required prior to scheduled showing. Occupied units available to show only with due diligence. Sold strictly in As-Is condition, Seller to make no repairs. Newer sprinkler throughout property, back street tenant staircase recently refurnished. Please Do Not Disturb Tenants.
Exterior Features

Construction Block Exterior Siding Brick Foundation Type BasementSlab Garage YN No Location Faces FrontMajor Arteries Parking Close to Mass TransitStreet1-25 Spcs Roof Asphalt ShinglePoly Skin

Interior Features

Accessibility ElevatorLow Pile Carpet Cooling Central Air Flooring Type CarpetConcrete Heating Gas

Property Features

Contingency Exists Non Contingent Disclosure Disclosure StatementHistorical District Features Display WindowDoor SignFire Sprinkler SysInside StorageLightingMini KitchenPriv RestrmsRear Entrance Lease Type Monthly Master Model YN No New Construction YN No Ownership Type Simple Possession SETTLEMENT Tax Amount Approx 8449 Use Type Other Utilities City SewerCity WaterElectricGasMeter Zoning T5

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4000 Virginia Beach Boulevard, Suite 164
Virginia Beach VA, 23452