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430 High St

Portsmouth, VA 23704
  • $1,250,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 10447433
UPDATED: 77 min ago
$1,250,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 24,827
    SQFT
  • $50
    $/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 Olde town Portsmouth. Thereare currently are 8 fully occupied apartments on the third floor, rental income $6,600/mo. Three 1 bedroom and five 2bedroom apartments, recently renovated and under market rent. The first and second floor was once a dinner theater,and has a a city tax credit available for keeping high ceiling height, but could be converted into additional 6 apartmentsplus commercial lease space. There are several offices, bathrooms, and kitchen space. 48 hours notice to shoecommercial space, listing agent must accompany showing. POF required prior to scheduling. Occupied units available toshow with acceptable offer. Please Do Not Disturb Tenants.

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www.vahousehunters.com/homes/130808920
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430 High St Portsmouth, VA 23704

  • Price: $1,250,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 77 min ago
  • MLS #: 10447433
0
Beds
0
Baths
0
½ Baths
0.25
Acres
24,827
SQFT
$50
$/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 Olde town Portsmouth. Thereare currently are 8 fully occupied apartments on the third floor, rental income $6,600/mo. Three 1 bedroom and five 2bedroom apartments, recently renovated and under market rent. The first and second floor was once a dinner theater,and has a a city tax credit available for keeping high ceiling height, but could be converted into additional 6 apartmentsplus commercial lease space. There are several offices, bathrooms, and kitchen space. 48 hours notice to shoecommercial space, listing agent must accompany showing. POF required prior to scheduling. Occupied units available toshow with acceptable offer. Please Do Not Disturb Tenants.
Exterior Features

Construction BlockFrame Exterior Siding Brick Foundation Type Basement Garage YN No Location Faces FrontFrontage Parking Close To Mass TransitStreet Roof Poly Skin

Interior Features

Cooling Central Air Flooring Type CarpetConcreteVinyl Heating Gas

Property Features

Contingency Exists Non Contingent Disclosure Disclosure StatementHistorical District Features Display WindowDoor SignFire Sprinkler SysInside StorageLightingMini KitchenPriv RestrmsRear Entrance Lease Type Multiple Master Model YN No New Construction YN No Ownership Type Simple Possession Settle Tax Amount Approx 8930 Use Type Business Utilities City SewerCity WaterElectricGasMeter Zoning T5

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