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Professional Condo Building For Sale

301 GOODE WAY PORTSMOUTH VA 23704-2266, Portsmouth, VA 23704

For Sale
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Two-story Class B office space in Portsmouth's Central Business District.

Property Size1,468 SF
Price / SF$187.33
Days on Market1882

Property Features for 301 GOODE WAY PORTSMOUTH VA 23704-2266

General Information

Standard status Active
Size 1,468 SF
Class B
Property subtype Office
Zoning GMU
Investment Type Owner/User

Building Details

Year Built 1991
Buildings 1
Stories 2
Units 1
Listing Agency: JLL - Norfolk, Virginia
Listed By: Chanda Chann, CCIM · License VA #0225235126
Source: Crexi
Added: Sep 20, 2021 Changed: Aug 15 Last Checked: Aug 14 at 5:58AM

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 JLL - Norfolk, Virginia

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Investment Insights

Based on property information with market context.

This two-story landmark professional condo building offers a Class B office space in Portsmouth's Central Business District. The 1468 square foot condo suite includes 7-8 private offices, a reception area, conference/meeting rooms, two unisex private restrooms, a breakroom area, and windows. Building amenities include a four-person passenger elevator, nearby transit, landscape and exterior maintenance, and an on-site professional association management office. The location provides professionals with easy access to both city centers, I-264, Naval Medical Center, Park & Ride center, restaurants, a marina, and Norfolk across the Elizabeth River. A new WAWA recently opened on London Street, with other development and construction activities in the surrounding area. It is excellent for medical use, office administration, or other businesses.

Key Highlights

  • Prime location in Portsmouth Central Business District with easy access to I‑264, Naval Medical Center, and Norfolk.
  • Versatile Class B office space suitable for medical, administrative, or other business use.
  • Condo suite features 7‑8 private offices, reception area, conference/meeting rooms, and a breakroom.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Cardiology Associates: Jayaraman ... Physician Dr. Nihar R. ... Physician Dr. Laarni S. ... Pediatrician Cardiology Associates PC: ... Physician Downtown Medical Center Medical Clinic

Suggested Use

Top Pick Furniture & Home Goods Storage Facility Electrical Service Accounting Firm Auto Parts Store Nail Salon

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

1,472
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?
Office unit - Two-story Class B office space in Portsmouth's Central Business District.
Where is this office unit located?
The property is located at 301 GOODE WAY PORTSMOUTH VA 23704-2266 Portsmouth, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Prime location in Portsmouth Central Business District with easy access to I‑264, Naval Medical Center, and Norfolk.; Versatile Class B office space suitable for medical, administrative, or other business use.; Condo suite features **7‑8 private offices, reception area, conference/meeting rooms, and a breakroom.**
(757) 202-9548 · Office Call to check price and availability
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