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$2,500,000
6 Days On Site
1420 Chestnut STPortsmouth, 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
Listing courtesy of Neal Rosenbaum of Virginia Commonwealth Realty
Call Now: 757-204-5827
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757-204-5827



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Nearby Listings
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
React
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Recent Activity
| 6 days ago | Listing updated with changes from the MLS | |
| 6 days ago | Listing 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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