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Mixed-Use Property with Truck Parking
New
For Sale
$2,500,000

1420 Chestnut Street, Portsmouth, VA 23704

Office buildings and a gated lot accommodate 65 big-rig parking spaces.

Property SizeContact for details
Days on Market1

Property Features for 1420 Chestnut Street

General Information

Standard status Active
Total Parking Spaces 65
Property subtype Commercial
Zoning IL

Amenities

Central Air, Zoned
Forced Hot Air, Gas, Zoned
9'
Metal
no
Other
Brick
Slab

Building Details

Year Built 2003
Stories 1
Listed By: Courtney Zawisa
Source: Soldbythezteam.idxbroker
Added: Oct 19 Last Checked: Oct 19 at 2:31PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Courtney Zawisa

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property combines office buildings with a 65-space lot used for big-rig parking. A 6-foot fence encloses the parking area, which has 24/7 access through a remote-control gate. The buildings date to 2003 and are constructed with brick and metal exterior materials over a slab foundation.

The property is near the port and is zoned IL. The owner has operated a business at this location for ten years and is interested in a sale-leaseback arrangement involving the office space.

Key Highlights

  • 65‑space parking lot used for big rigs
  • Parking area enclosed by a 6‑foot fence
  • Remote‑control gate provides 24/7 access

Property Analytics

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Current Use

Metropolitan Solutions Environmental Engineer

Suggested Use

Top Pick Electrical Service Furniture & Home Goods Garden Center Accounting Firm Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,009
Businesses Nearby

Demographics for 23704, VA

19,505
Population
9,538
Households
2
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
4.5 sq mi
ZIP Area
4,334
Density / Sq Mi
$44,739
Median Household Income
$34,488
Median Earnings
$1,279
Median Rent
$197,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Office buildings and a gated lot accommodate 65 big-rig parking spaces.
Where is this mixed-use property located?
The property is located at 1420 Chestnut Street Portsmouth, VA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 65‑space parking lot used for big rigs; Parking area enclosed by a 6‑foot fence; Remote‑control gate provides 24/7 access
More about this property
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