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    2404 Rodman Ave Portsmouth, VA 23707

    For Sale
    Contact for pricing

    Three Parcels, High-Traffic Area, Investment Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional commercial investment opportunity encompasses three strategically located parcels totaling 1.112 acres in Portsmouth, Virginia. The properties, situated at 2404 Rodman Avenue and including 2406 Rodman Avenue and 3709 Turnpike Road, are being offered together for a combined price of $425,000. Currently operating as an outboard motor sales and service store, this established business presents a unique chance for continued operation or redevelopment. The main parcel at 2404 Rodman Avenue boasts 5,663 square feet of space, providing ample room for various commercial ventures. The combined acreage of 1.112 acres offers significant potential for expansion or future development. This high-traffic location provides excellent visibility and accessibility, making it an ideal investment for entrepreneurs and seasoned investors alike. The properties are sold as a package, presenting a compelling opportunity to acquire a substantial commercial footprint in a thriving area. The combined parcels offer a rare chance to capitalize on a well-established business and prime real estate in a desirable location. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity. Detailed property information and financial records are available upon request. This is a turnkey opportunity for immediate income generation or future development.

    Property Features for 2404 Rodman Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    5,663 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    PORTSMOUTH
    State
    Virginia
    Longitude
    -76.34562
    Latitude
    36.81988

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    FAQs

    What type of property is this?
    Commercial real estate - Three Parcels, High-Traffic Area, Investment Opportunity
    Where is this commercial real estate located?
    The property is located at 2404 Rodman Ave Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $25,000.
    (757) 638-5700
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    2404 Rodman Ave Portsmouth, VA 23707
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    Portsmouth, VA 23707
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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
    2404 Rodman Ave Portsmouth, VA 23707
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