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    703 Confederate Ave Portsmouth, VA 23704

    Sponsored
    For Sale
    $475,000

    Versatile Commercial Building, Ample Space, Prime Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property located at 703 Confederate Avenue, Portsmouth, VA, presents a unique investment opportunity. Priced at $475,000, this 0.25-acre lot boasts a main building featuring six individual offices, perfect for a variety of business configurations. The interior also includes a functional kitchen, a comfortable living room, one full bathroom, and two half bathrooms, offering convenience and flexibility for occupants. A significant asset is the substantial warehouse space, equipped with roll-up doors large enough to accommodate semi-trucks. This warehouse provides three levels of storage, ensuring ample room for inventory or equipment. Three separate entrances connect the warehouse to the main building, facilitating efficient workflow and access. The property also offers the advantage of multiple parking spaces for employees and clients, along with a gated side yard providing added security and privacy. This property is ideal for businesses requiring a blend of office space and substantial warehouse capacity, offering a compelling combination of functionality and location in Portsmouth, Virginia. The property's versatile layout and ample parking make it an attractive option for a wide range of commercial uses. Serious inquiries are encouraged.

    Property Features for 703 Confederate Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    J.F. Whitlow Jr ... Plumber

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -76.32886
    Latitude
    36.83287

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Building, Ample Space, Prime Location
    Where is this commercial real estate located?
    The property is located at 703 Confederate Ave Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $475,000.
    (757) 833-4002
    Request Owner's contact information
    703 Confederate Ave 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
    703 Confederate Ave Portsmouth, VA 23704
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