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    Portsmouth Auto Repair Business Title is generated by Realmo AI

    3700 Turnpike Road, Portsmouth, VA 23701

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    Claim this Listing
    For Sale
    $695,000

    COMMERCIAL - Portsmouth, VA

    Property size:
    2,984 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $232/SF
    Added:
    Feb 4, 2026
    Days on Market:
    143
    Last Refresh:
    Jun 27 at 2:06 pm

    Property Features for 3700 Turnpike Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C2
    Standard status
    Active
    Size
    2,984 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2518

    Building Details

    Year built
    1957

    We can help!

    Contact an agent
    Timothy Churchwell

    Listing agent Timothy Churchwell

    Listing office EXIT Realty Central 870 Military Highway N #100, Norfolk, VA

    Listing date Feb 4, 2026

    MLS# 10619054 Listing URL

    Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Thriving automobile repair business in place.
    • Prime location near Walmart at a signalized intersection in Midtown Portsmouth.
    • Features 4 bays and 5 lifts.
    • Owner financing is possible.
    • Zoned C2, presenting redevelopment opportunities.
    • Quarter of an acre.

    Overview

    This thriving automobile repair business is available for sale near Walmart in Midtown Portsmouth. The property is located at a signalized intersection and features 4 bays and 5 lifts. The site encompasses a quarter of an acre and is zoned C2, presenting a redevelopment opportunity. The property has a building size of 2,984 square feet. Seller will entertain owner financing with the right terms.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $59.1k $19.80
    − Vacancy −$2.8k −$0.95
    EGI $56.2k $18.85
    − OpEx −$16.9k −$5.65
    NOI $39.4k $13.19
    2,984 SF · lease $19.80/SF/yr · vacancy 4.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $562.5K
    $492.2K – $656.2K (±1% cap)
    NOI $39,373 @ 7.0% cap · market cap 5.67%
    Second Best
    Industrial
    $259.0K
    $226.6K – $302.1K (±1% cap)
    NOI $18,127 @ 7.0% cap · market cap 2.61%
    Theoretical Best
    Office A
    $950.0K
    $831.3K – $1.11M (±1% cap)
    NOI $66,500 @ 7.0% cap · market cap 9.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Steves Auto Electric ... Auto Repair Shop K and A's Family ... Auto Repair Shop Montana Capital Car ... Loan Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • Superior Automotive — 4231 Portsmouth Blvd, Portsmouth, VA 23701
    • SunBlocked Tint Co. — 4231 Portsmouth Blvd, Portsmouth, VA 23701
    • Pep Boys — 2570 Airline Blvd, Portsmouth, VA 23701
    • Jiffy Lube — 4030 Victory Blvd, Portsmouth, VA 23701
    • Everway Mobile Tire Services Inc — 4006 Victory Blvd, Portsmouth, VA 23701

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth
    State
    Virginia
    Longitude
    -76.346458
    Latitude
    36.820877

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    FAQs

    What type of property is this?
    Auto shop - Automobile repair business for sale near Walmart in Midtown Portsmouth.
    Where is this auto shop located?
    The property is located at 3700 Turnpike Road Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Thriving automobile repair business in place.; Prime location near Walmart at a signalized intersection in Midtown Portsmouth.; Features 4 bays and 5 lifts.
    (757) 466-1009
    We can help!
    Contact an agent
    Timothy Churchwell
    Request Owner's contact information
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