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    701 Court St Portsmouth, VA 23704

    Sponsored
    For Sale
    $879,000

    Purchase,Commercial/Industrial - Portsmouth, VA

    Property size:
    10,654 SF
    Lot size:
    0.28 Acres
    Days on Market:
    153
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 701 Court St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    T-5
    Interior features
    Inside Storage, Lighting, Security Sys/Own
    Exterior features
    Landscaped
    Size
    10,654 SF
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Electric (Heating), Hot Water (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Flooring type
    Carpet, Concrete
    Building materials
    Brick
    Architectural style
    Other

    Berkshire Hathaway HomeServices RW Towne Realty (757) 690-0439 [email protected]

    Listing agent Lynn Atkison (757) 690-0439

    Listing date Aug 6, 2025

    MLS# 10594952 Listing URL

    Copyright © 2025 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Portsmouth Commercial Opportunity

    Located on a busy corner in downtown Portsmouth, near Interstate 264 and the Downtown Tunnel, this commercial property offers potential for single or multi-purpose use. The property has a size of 10,654 square feet and is situated on a 0.28-acre lot. Updates and improvements have been made to the front brick wall, columns, and paint. A new roof has been installed on the main building. The zoning is T-5. The seller is a Class-A contractor and is available to work with the buyer on renovations. Note that chandeliers do not convey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RT Atkison Building ... Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Diamond Floral Enterprises

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth
    State
    Virginia
    Longitude
    -76.3004307
    Latitude
    36.8334607

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    FAQs

    What type of property is this?
    Storefront property - Centrally located corner property with renovation potential in Portsmouth, VA.
    Where is this storefront property located?
    The property is located at 701 Court St Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $879,000.
    What are key features of this property?
    This property features: - Prime downtown location near major transportation routes (264 & Downtown tunnel).; - High potential for single or multi-purpose use.; - Seller is a Class-A contractor available for renovations.
    (757) 690-0439
    Request Owner's contact information
    701 Court St Portsmouth, VA 23704
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    Portsmouth, VA 23704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 Court St Portsmouth, VA 23704
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