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Renovated Mixed-Use Building
For Sale
$904,500

400 Broad St, Portsmouth, VA 23707

Four apartments, three commercial suites, and shared laundry occupy a two-story property in Portsmouth.

Property Size7,949 SF
Price / SF$113.79
Days on Market26

Property Features for 400 Broad St

General Information

Standard status Active
Size 7,949 SF

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $1,744

Amenities

shared laundry room

Building Details

Year Built 1922
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Signature Properties
Listed By: Deanna Crook · License #70038
Source: Exprealty
Added: Oct 9 Changed: Nov 3 Last Checked: Nov 3 at 2:50PM

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 Signature Properties

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Investment Insights

Based on property information with market context.

At 400 Broad St in Portsmouth, this two-story mixed-use property contains 7,949 square feet. The upper level has four renovated apartments: three one-bedroom units and one two-bedroom unit, along with a shared laundry room. Three commercial spaces occupy the ground floor.

Built in 1922, the building has undergone modernization that includes electrical, plumbing, and HVAC upgrades, a replacement roof, renovated bathrooms and ceilings, and updated framing. Exterior work includes a restored brick facade, new storefronts, and a concrete pad. The property is in the Port Norfolk section of Portsmouth.

Key Highlights

  • 7,949‑square‑foot, two‑story mixed‑use property built in 1922
  • Four renovated apartments: three one‑bedroom units and one two‑bedroom unit
  • Three ground‑floor commercial spaces

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Hair Salon HVAC Service Spa & Massage Center

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

203
Businesses Nearby

Demographics for 23707, VA

14,316
Population
7,216
Households
2
Avg Household Size
36
Median Age
26%
College-Educated
87%
High-School Grad
3.9 sq mi
ZIP Area
3,671
Density / Sq Mi
$51,070
Median Household Income
$37,932
Median Earnings
$1,076
Median Rent
$222,100
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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Four apartments, three commercial suites, and shared laundry occupy a two-story property in Portsmouth.
Where is this mixed-use property located?
The property is located at 400 Broad St Portsmouth, VA.
What is the asking price?
The asking price for this property is $904,500.
What are key features of this property?
This property features: 7,949‑square‑foot, two‑story mixed‑use property built in 1922; Four renovated apartments: three one‑bedroom units and one two‑bedroom unit; Three ground‑floor commercial spaces
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