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$ 2,500,000
Est. payment | /mo
6,359 SqFt
$ 2,500,000
Est. payment | /mo
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
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Listed by Virginia Commonwealth Realty
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Autumn Spencer
Agent License ID: 0225258148