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3703 County St 2,280 SF Office Building Portsmouth, VA 23707 $375,000 ($164.47/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Situated in a strategic area of Portsmouth two blocks from Bon Secours-Maryview Hostpital, this property benefits from high visibility and accessibili
- Located in the UR-M zoning district, the property allows for a mix of residential and commercial uses.
- Potential tax incentives and grants may be available for new developments or renovations.
- 5 rooms, storage attic, kitchenette, 2.5 bathrooms, reception area, ADA ramp and fenced in outdoor area.
- The property is close to essential amenities, including schools, parks, shopping centers, and public transportation.
EXECUTIVE SUMMARY
Investment Opportunity at 3703 County Street, Portsmouth, VA
Unlock the potential of this prime investment property located at 3703 County Street! Former Internal Medicine medical office with 5 rooms, storage attic, kitchenette, 2.5 bathrooms, reception area, ADA ramp and fenced in outdoor area. Don’t miss out on this exceptional opportunity to invest in a property with significant upside potential! Contact us today to schedule a viewing and discover how 3703 County Street can be a valuable addition to your portfolio.
Potential tax incentives and grants for development or renovations
Supportive local government committed to business growth and community enhancement
Zone UR-M in Portsmouth, Virginia, refers to the Urban Residential-Mixed Use zoning district. This zoning designation typically allows for a mix of residential and commercial uses, promoting a vibrant, walkable community. It usually permits a variety of housing types along with shops, services, and other amenities, aimed at creating a lively urban environment.
For specific regulations and permitted uses, it’s best to consult the city’s zoning ordinance or planning department.
Unlock the potential of this prime investment property located at 3703 County Street! Former Internal Medicine medical office with 5 rooms, storage attic, kitchenette, 2.5 bathrooms, reception area, ADA ramp and fenced in outdoor area. Don’t miss out on this exceptional opportunity to invest in a property with significant upside potential! Contact us today to schedule a viewing and discover how 3703 County Street can be a valuable addition to your portfolio.
Potential tax incentives and grants for development or renovations
Supportive local government committed to business growth and community enhancement
Zone UR-M in Portsmouth, Virginia, refers to the Urban Residential-Mixed Use zoning district. This zoning designation typically allows for a mix of residential and commercial uses, promoting a vibrant, walkable community. It usually permits a variety of housing types along with shops, services, and other amenities, aimed at creating a lively urban environment.
For specific regulations and permitted uses, it’s best to consult the city’s zoning ordinance or planning department.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
2,280 SF
Building Class
C
Year Built
1953
Price
$375,000
Price Per SF
$164.47
Cap Rate
8%
NOI
$30,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,280 SF
Building FAR
0.37
Lot Size
0.14 AC
Zoning
URM - Urban Residential zoning.
AMENITIES
- Wheelchair Accessible
- Reception
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 0304-0650 | Improvements Assessment | $114,750 |
| Land Assessment | $58,350 | Total Assessment | $173,100 |
PROPERTY TAXES
Parcel Number
0304-0650
Land Assessment
$58,350
Improvements Assessment
$114,750
Total Assessment
$173,100
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3703 County St
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