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114-132 Chowan Dr 11,044 SF 100% Leased Retail Building Portsmouth, VA 23701 $1,250,000 ($113.18/SF)
INVESTMENT HIGHLIGHTS
- Building recently received new roof
- Close proximity to retail shops, restaurants and numerous other amenities.
- 51 parking paces
- Easy access to I-264, Downtown Tunnel
EXECUTIVE SUMMARY
100% leased. However this property can also be an excellent Owner-Occupant opportunity because the leases are short term.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,044 SF
Building Class
C
Year Built
1980
Price
$1,250,000
Price Per SF
$113.18
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.23
Lot Size
1.09 AC
Zoning
C-2
Parking
56 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
114’ on Chowan
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0576-0032 | Improvements Assessment | $318,840 |
| Land Assessment | $303,620 | Total Assessment | $622,460 |
PROPERTY TAXES
Parcel Number
0576-0032
Land Assessment
$303,620
Improvements Assessment
$318,840
Total Assessment
$622,460
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114-132 Chowan Dr
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