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    430 High St

    Portsmouth, VA 23704
    • $1,250,000
    • STATUS: Active
    • ON SITE: 13 Days
    • ID#: 10405795
    UPDATED: 23 min ago
    $1,250,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,827
      SQFT
    • $50
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1941

    School Ratings & Info

    Description

    This property is a rare opportunity to own and redevelop a historic mixed use building in Oldetown Portsmouth. This true diamond in the rough could be brought back to life with the right vision. There currently are 8 fully occupied apartments on the third floor, rental income is $6,600/mo. Three 1-bedroom, and five 2-bedroom recently renovated and under rental value. The first and 2nd floor was once a dinner theater, and has a city tax credit for keeping high ceiling height, but could be converted into additional apartments. There are several offices, bathrooms, and kitchen space. Elevator is maintained and inspected regularly. The possibilities are endless. Showings are available by appointment only, agent must be present. Please Do Not Disturb Tenants. Sold as-is, where-is.

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    www.vahome.com/homes/122296485
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    430 High St Portsmouth, VA 23704

    • Price: $1,250,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: 10405795
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    24,827
    SQFT
    $50
    $/SQFT
    1941
    Built
    Neighborhood:
    Olde Towne - 119
    Area:
    21 - Central Portsmouth
    Property Description
    This property is a rare opportunity to own and redevelop a historic mixed use building in Oldetown Portsmouth. This true diamond in the rough could be brought back to life with the right vision. There currently are 8 fully occupied apartments on the third floor, rental income is $6,600/mo. Three 1-bedroom, and five 2-bedroom recently renovated and under rental value. The first and 2nd floor was once a dinner theater, and has a city tax credit for keeping high ceiling height, but could be converted into additional apartments. There are several offices, bathrooms, and kitchen space. Elevator is maintained and inspected regularly. The possibilities are endless. Showings are available by appointment only, agent must be present. Please Do Not Disturb Tenants. Sold as-is, where-is.
    Exterior Features

    Construction BlockFrame Exterior Siding Brick Foundation Type Basement Garage YN No Location Faces FrontFrontage Parking Close To Mass TransitStreet Roof Poly Skin

    Interior Features

    Accessibility ElevatorLow Pile Carpet Cooling Central Air Flooring Type CarpetConcreteVinyl Heating Gas

    Property Features

    Contingency Exists Non Contingent Disclosure Disclosure StatementHistorical District Features Display WindowDoor SignFire Sprinkler SysInside StorageLightingMini KitchenPriv RestrmsRear Entrance Lease Type Multiple Master Model YN No New Construction YN No Ownership Type Simple Possession Settle Tax Amount Approx 8930 Use Type Business Utilities City SewerCity WaterElectricGasMeter Zoning T5

    Listing provided courtesy of Atlantic Sothebys Int'l Realty
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