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$2,500,000
6 Days On Site

1420 Chestnut ST
Portsmouth, VA 23704

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
6,359
SqFt
$393
/SqFt
2003
Built
Subdivision:
ALL OTHERS AREA 21
County:
Portsmouth
Courtesy of REIN Inc.
Listing courtesy of Neal Rosenbaum of Virginia Commonwealth Realty
Call Now: 757-204-5827
Is this the listing for you? We can help make it yours.
757-204-5827
1420 Chestnut ST1420 Chestnut ST1420 Chestnut ST1420 Chestnut ST
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Income producing property. Current owner is interested in a sale-leaseback transaction. The income comes from the office buildings plus a 65 space parking lot for big rigs. The owner is prepared to rent the office space for $112,970 per year and the current income from parking revenue is $132,000 per year. Excellent investment opportunity or a Section 1031 Exchange. Property is located close to the port and has been used for parking big rigs for many years. A 6-foot fence surrounds this rear parking lot and is accessed 24/7 by a remote control gate. Owner has been operating a business in this location for the past ten years.

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Listing Snapshot
Price 
$2,500,000
Days On Site 
6 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,359 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.708 Acres
Year Built 
2003
MLS Number 
10658206
Status 
Active
Property Tax 
$14,099
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoListing updated with changes from the MLS
6 days agoListing first seen on site
General Features
Acres 
2.708
Additional Property Use 
Office
Disclosures 
None
Foundation 
Slab
Number Of Stories 
1
Parking 
Parking Lot
Sewer 
Public Sewer
SqFt Total 
6359
Utilities 
Electricity AvailableNatural Gas Available
Water Source 
Public
Zoning 
IL
Interior Features
Cooling 
Central AirZoned
Heating 
Forced AirZoned
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Exterior Features
Construction Details 
Brick
Roof 
Metal
Community Features
MLS Area 
21 - Central Portsmouth


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Neighborhood & Commute
Source: Walkscore
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