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500 Confederate Ave 69,003 SF Vacant Industrial Building Portsmouth, VA 23704 $3,060,000 ($44.35/SF)
Investment Highlights
- Busy location off High St
Executive Summary
Prime investment opportunity
Property Facts
| Price | $3,060,000 | Lot Size | 3.00 AC |
| Price Per SF | $44.35 | Rentable Building Area | 69,003 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Sale Condition | High Vacancy Property | Year Built | 1927 |
| Property Type | Industrial | Clear Ceiling Height | 23’ |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 17 |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Zoning | IL - Commercial District 6 | ||
| Price | $3,060,000 |
| Price Per SF | $44.35 |
| Sale Type | Investment or Owner User |
| Sale Condition | High Vacancy Property |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 3.00 AC |
| Rentable Building Area | 69,003 SF |
| No. Stories | 1 |
| Year Built | 1927 |
| Clear Ceiling Height | 23’ |
| No. Dock-High Doors/Loading | 17 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | IL - Commercial District 6 |
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
• Zoned IL (Light Industrial) • Easily subdividable for multi-tenant use • Loading: 16 docks and 4 grade level doors • 3-phase, 480V power • Close proximity to Port of Virginia facilities (NNMT, NIT, VIG, PMT)
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 4,000-69,003 SF | Industrial | Partial Build-Out | Now |
1st Floor
| Size |
| 4,000-69,003 SF |
| Space Use |
| Industrial |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size | 4,000-69,003 SF |
| Space Use | Industrial |
| Build-Out | Partial Build-Out |
| Available | Now |
• Zoned IL (Light Industrial) • Easily subdividable for multi-tenant use • Loading: 16 docks and 4 grade level doors • 3-phase, 480V power • Close proximity to Port of Virginia facilities (NNMT, NIT, VIG, PMT)
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0173-0010 | Improvements Assessment | $439,030 |
| Land Assessment | $512,880 | Total Assessment | $951,910 |
Property Taxes
Parcel Number
0173-0010
Land Assessment
$512,880
Improvements Assessment
$439,030
Total Assessment
$951,910
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500 Confederate Ave
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