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Portsmouth Industrial Facility For Lease
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500 Confederate Ave, Portsmouth, VA

69,000 RSF industrial facility near Port of Virginia.

Property Size69,000 SF
Lot Size2.75 Acres
Price / SF$44.35
Days on Market987

Property Features for 500 Confederate Ave

General Information

Standard status Active
Size 69,000 SF
Lot size 2.75 Acres
Property subtype INDUSTRIAL
Listing Agency: Colliers | Norfolk
Listed By: Ricky Anderson
Source: Moodyscre
Added: Nov 22, 2023 Changed: Jul 6 Last Checked: Jul 21 at 7:04AM

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 Colliers | Norfolk

Investment Insights

Based on property information with market context.

This industrial facility offers approximately 69,000 square feet, with a majority of the space dedicated to warehouse use and about 1,500 square feet designated as office space. The property is situated on a 2.75-acre site and is zoned IL (Light Industrial), making it easily subdividable for multi-tenant use. It features 16 docks and 4 grade-level doors for loading. The building is equipped with 3-phase, 480V power. Its location offers close proximity to Port of Virginia facilities, including NNMT, NIT, VIG, and PMT. A strong Tenant Improvement package is available for a creditworthy tenant.

Key Highlights

  • ±69,000 RSF industrial facility with warehouse space.
  • Located on 2.75 AC site.
  • 16 docks and 4 grade level doors for loading.

Property Analytics

Current Use

Furniture selects Furniture & Home Goods

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply Restaurant 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.

Location Intelligence

Trade Area within ½ mile

427
Businesses Nearby
Balanced
Demand for This Use

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Similar Off Market Nearby

  • Stewart Moving & Storage 830 Douglas Ave, Portsmouth, VA 23707
  • EZ Move of VA 2227 Pulaski St, Portsmouth, VA 23704
  • Ison Distribution Services LLC 500 CONFEDERATE AVE, 2401 High St, Portsmouth, VA 23704

Frequently Asked Questions

What type of property is this?
Warehouse - 69,000 RSF industrial facility near Port of Virginia.
Where is this warehouse located?
The property is located at 500 Confederate Ave Portsmouth, VA.
What is the asking price?
The asking price for this property is $3,060,000.
What are key features of this property?
This property features: ±69,000 RSF industrial facility with warehouse space.; Located on 2.75 AC site.; 16 docks and 4 grade level doors for loading.
(757) 217-1892 Call to check price and availability
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