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    301 Goode Way Portsmouth, VA 23704

    For Sale
    $185,900

    Renovated Condo, Excellent Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This 0.11-acre condo at 301 Goode Way, Portsmouth, VA, presents a remarkable investment opportunity. Priced at $185,900, this second-floor unit is a blank canvas ready for immediate renovation and offers significant potential. The property boasts a brand-new HVAC system, fresh paint, and new flooring, providing a solid foundation for your vision. Imagine transforming this space into 5-6 offices, ideal for a medical practice or other professional business. The monthly condo fee of $400 covers common area maintenance, trash removal, landscaping, and water/sewer services, as per the seller. Building amenities include a professional owner's association manager, a four-passenger elevator, and comprehensive exterior maintenance and landscaping. Its central location in the Portsmouth business district offers unparalleled convenience. Situated near the Naval Medical Center, various restaurants, a park and ride center, and the interstate, this property enjoys exceptional accessibility and high visibility. The property's proximity to London Boulevard further enhances its strategic location and potential for attracting clientele. This is a rare chance to acquire a well-maintained, centrally located condo with significant upside potential in a thriving business district. Don't miss this opportunity to capitalize on this prime investment.

    Property Features for 301 Goode Way

    General Information

    Property type
    Other commercial real estate
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1991
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardiology Associates: Jayaraman ... Cardiologist Dr. Nihar R. ... Internist Dr. Laarni S. ... Pediatrician Cardiology Associates PC: ... Cardiologist Downtown Medical Center Medical Center

    Suggested Use

    Realty agency Law Firm Restaurant 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.

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    PORTSMOUTH
    State
    Virginia
    Longitude
    -76.31021
    Latitude
    36.83805

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    FAQs

    What type of property is this?
    Commercial real estate - Renovated Condo, Excellent Location
    Where is this commercial real estate located?
    The property is located at 301 Goode Way Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $185,900.
    (757) 720-2463
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    301 Goode Way 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
    301 Goode Way Portsmouth, VA 23704
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