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430 High St

Portsmouth, VA 23704
  • $1,250,000
  • STATUS: Active
  • ON SITE: 8 Days
  • ID#: 10405795
$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 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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www.theheavenlyrealty.com/homes/122296485
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430 High St Portsmouth, VA 23704

  • Price: $1,250,000
  • Status: Active
  • ID#: 10405795
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 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.
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

Accessibility ElevatorLow Pile Carpet 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

Listing provided courtesy of Atlantic Sothebys Int'l Realty
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