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7319 Martin St - THE HERITAGE HOUSE OFFICE PARK 1,265 SF Office Condo Unit Offered at $228,000 in Gloucester, VA 23061
Investment Highlights
- Gloucester Courthouse District
- Convenient to Shops,. Services, and Professional District
Executive Summary
The Heritage House office building is centrally located in Gloucester Courthouse District. Convenient to all services, i.e.: Restaurants, Shops, Professional District, Riverside Medical Center. Perfect to provide services to the peninsula and middle peninsula.
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1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 41848 |
| Cap Rate | 5.34% |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| APN/Parcel ID | 41848 |
Description
EXCELLENT INVESTMENT OPPORTUNITY! Fully rented 1,265 SF condo Unit with minimal Landlord responsibilities. New 3 year lease in place with credit tenant (Sentara Hospital) through 8/1/29.
Unit #5 located in the desirable Heritage House Office Building. Walking distance to Gloucester Courthouse. Building and Unit are in excellent Condition. Exterior building renovated in 2025. Unit #5 HVAC replaced in 2021 and interior repainted in 2023.
Unit #5 located in the desirable Heritage House Office Building. Walking distance to Gloucester Courthouse. Building and Unit are in excellent Condition. Exterior building renovated in 2025. Unit #5 HVAC replaced in 2021 and interior repainted in 2023.
Sale Notes
Unit 5 - 1,265 SF Currently leased to credit tenant, (Sentara Hospital).
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 5 | 1,265 SF | Office | $228,000 ($180.24/SF) | $12,178 |
Unit 5
| Unit Size |
| 1,265 SF |
| Condo Use |
| Office |
| Price |
| $228,000 ($180.24/SF) |
| NOI |
| $12,178 |
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Map
Unit 5
| Unit Size | 1,265 SF |
| Condo Use | Office |
| Price | $228,000 ($180.24/SF) |
| NOI | $12,178 |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| APN/Parcel ID | 41848 |
| Description | |
| EXCELLENT INVESTMENT OPPORTUNITY! Fully rented 1,265 SF condo Unit with minimal Landlord responsibilities. New 3 year lease in place with credit tenant (Sentara Hospital) through 8/1/29.<br> <br> Unit #5 located in the desirable Heritage House Office Building. Walking distance to Gloucester Courthouse. Building and Unit are in excellent Condition. Exterior building renovated in 2025. Unit #5 HVAC replaced in 2021 and interior repainted in 2023.</li></ul> | |
| Sale Notes | |
| Unit 5 - 1,265 SF Currently leased to credit tenant, (Sentara Hospital).</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 5,000 SF | Typical Floor Size | 1,265 SF |
| Property Type | Office (Condo) | Year Built | 2005 |
| Building Class | B | Lot Size | 0.27 AC |
| Floors | 2 | Parking Ratio | 4.8/1,000 SF |
| Zoning | B-2 - General Business/Offices | ||
| Total Building Size | 5,000 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 1,265 SF |
| Year Built | 2005 |
| Lot Size | 0.27 AC |
| Parking Ratio | 4.8/1,000 SF |
| Zoning | B-2 - General Business/Offices |
Amenities
- Signage
- Skylights
- Air Conditioning
- Smoke Detector
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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7319 Martin St - THE HERITAGE HOUSE OFFICE PARK
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