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Cambridge Hall 441 Washington St 6,504 SF Office Building Portsmouth, VA 23704 $799,000 ($122.85/SF)
Investment Highlights
- Historic two-story building with ±6,504 SF of office space.
- Located within Portsmouth’s Olde Towne district, a walkable neighborhood rich in retail and dining amenities.
- Excellent access to Downtown Norfolk, the Elizabeth River waterfront, and I-264 for regional connectivity.
- Situated on a 0.139-acre parcel with 16 dedicated surface parking spaces.
- Zoned HLB, permitting a range of professional and business uses.
- Walking distance to cultural and civic landmarks, including the Children’s Museum and waterfront parks.
Executive Summary
The property benefits from 16 surface parking spaces—an exceptional amenity in an urban historic district—while its walkable setting provides easy access to restaurants, retail, and cultural destinations. Ownership will enjoy proximity to Portsmouth’s waterfront attractions, major thoroughfares, and the downtown Norfolk business hub via nearby bridges and the I-264 interchange. Zoned HLB (Historic Limited Business), the building suits professional firms, creative agencies, and specialty users seeking a standout location in a thriving district.
This asset represents a compelling acquisition for owner-users or investors focused on a revitalized, amenity-rich area supported by strong regional infrastructure and economic stability.
Property Facts
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
441 Washington Street offers tenants the opportunity to lease a freestanding office building within Portsmouth’s historic Olde Towne district. The property contains approximately 6,504 square feet and is situated on a 0.139-acre parcel with 16 surface parking spaces. Zoned HLB (Historic Limited Office), the building is positioned to accommodate a range of professional office users seeking a downtown location with dedicated parking and convenient access to nearby amenities. The surrounding area provides walkable access to restaurants, services, and neighborhood conveniences that support employees and visitors throughout the workday. The property also benefits from proximity to downtown Portsmouth, Downtown Norfolk, the Portsmouth Marine Terminal, and Naval Medical Center Portsmouth, placing tenants near significant employment centers and regional demand generators. Access to major transportation routes throughout Hampton Roads supports connectivity for staff, clients, and business operations. As a standalone office building, the property offers occupants a distinct identity and operational control not typically available in multi-tenant environments. The combination of dedicated parking, historic district location, and access to surrounding commercial activity creates an attractive setting for professional firms, service providers, and organizations seeking a presence within Portsmouth’s established downtown business environment.
- 2nd Floor
- 3,252 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 3,252 SF | Office | - | Now |
| 2nd Floor | 3,252 SF | Office | - | Now |
1st Floor
| Size |
| 3,252 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 3,252 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Floor
| Size | 3,252 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
441 Washington Street offers tenants the opportunity to lease a freestanding office building within Portsmouth’s historic Olde Towne district. The property contains approximately 6,504 square feet and is situated on a 0.139-acre parcel with 16 surface parking spaces. Zoned HLB (Historic Limited Office), the building is positioned to accommodate a range of professional office users seeking a downtown location with dedicated parking and convenient access to nearby amenities. The surrounding area provides walkable access to restaurants, services, and neighborhood conveniences that support employees and visitors throughout the workday. The property also benefits from proximity to downtown Portsmouth, Downtown Norfolk, the Portsmouth Marine Terminal, and Naval Medical Center Portsmouth, placing tenants near significant employment centers and regional demand generators. Access to major transportation routes throughout Hampton Roads supports connectivity for staff, clients, and business operations. As a standalone office building, the property offers occupants a distinct identity and operational control not typically available in multi-tenant environments. The combination of dedicated parking, historic district location, and access to surrounding commercial activity creates an attractive setting for professional firms, service providers, and organizations seeking a presence within Portsmouth’s established downtown business environment.
Property Taxes
| Parcel Number | 0012-0841 | Improvements Assessment | $556,770 |
| Land Assessment | $148,100 | Total Assessment | $704,870 |
Property Taxes
