1112 King St 3,740 SF Retail Building Portsmouth, VA 23704 $710,000 ($189.84/SF)

1112 King Street presents an opportunity to acquire a commercial asset configured for automotive and service-oriented operations in Portsmouth, Virginia. Formerly occupied by an automotive dealership and repair facility, the property offers a functional combination of office and garage space that can support a variety of owner-user or investment strategies. The existing layout and improvements provide a foundation for businesses seeking a property with established operational infrastructure, while the Neighborhood Mixed-Use (NMU) zoning designation allows for a range of compatible commercial uses, including light automotive mechanical repair.
The property may appeal to investors seeking an asset with current leasing potential, as the property is actively being marketed for lease, creating an opportunity to pursue tenant occupancy and income generation. It may also serve as an owner-user acquisition for businesses seeking to occupy a facility already configured for automotive sales, repair, specialty service, or related commercial operations. This flexibility provides multiple pathways for ownership depending on business objectives and market conditions.
Positioned within Portsmouth's established urban business environment, the property benefits from access to Downtown Portsmouth, surrounding residential neighborhoods, and the broader Hampton Roads region. Portsmouth's economy is supported by maritime, defense, logistics, healthcare, and professional service industries, while the property's location offers connectivity to key commercial corridors throughout the region.
Ownership is willing to discuss the conveyance of certain existing equipment as part of a negotiated transaction. Equipment available for consideration includes a paint booth, automotive lift, frame machine, and tire balancing equipment, which may provide additional value for purchasers intending to continue automotive-related operations.