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Portfolio of 3 retail assets 3 Retail Properties Offered at $1,400,000 in Portsmouth, VA
Investment Highlights
- Value add opportunity near Portsmouth's premier shopping district
- Exposure to both heavily traveled Airline Blvd and Rodman Ave
- 2nd generation restaurant with 20' hood system in place
Executive Summary
This 3-property portfolio consists of an occupied freestanding building on a corner lot (longterm tenant on a MTM lease), former restaurant with 20' hood system in place, and a vacant retail strip center with roll-up doors in the rear. Seller will consider individual offers but prefers to sell all properties together.
Property Facts
| Price | $1,400,000 | Number of Properties | 3 |
| Price / SF | $125.66 / SF | Individually For Sale | 0 |
| Sale Condition | High Vacancy Property | Total Building Size | 11,141 SF |
| Sale Type | Investment | Total Land Area | 0.95 AC |
| Status | Active |
| Price | $1,400,000 |
| Price / SF | $125.66 / SF |
| Sale Condition | High Vacancy Property |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 11,141 SF |
| Total Land Area | 0.95 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1511-1527 Rodman Ave, Portsmouth, VA 23707 | Retail | 5,478 SF | 1987 | - |
| 1505 Airline Blvd, Portsmouth, VA 23707 | Retail | 3,317 SF | 1941 | - |
| 1501 Rodman Ave, Portsmouth, VA 23707 | Retail | 2,346 SF | 1946 | - |
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Portfolio of 3 retail assets
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