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    500 Washington St Portsmouth, VA 23704

    Sponsored
    For Lease
    Contact for pricing

    Modern Coworking & Office Spaces in VA

    Lot size:
    4,756 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This vibrant Portsmouth, Virginia office space at 500 Washington St, zip code 23704, offers a diverse range of flexible work solutions. The property features eight individual office spaces, perfect for startups, small businesses, or remote workers seeking a professional environment. Space sizes vary, ranging from a compact 145 square feet to a more substantial 2,911 square feet, catering to a variety of needs and budgets. The building offers a shared breakroom, fostering collaboration and community among tenants. The location is in the desirable Downtown Portsmouth submarket, providing easy access to local amenities and transportation. This is an excellent opportunity to secure a well-appointed office space in a thriving urban setting. The property type is classified as a creative office and coworking space, suitable for businesses seeking a modern and inspiring workspace. Multiple tenancies are available, allowing for scalability and flexibility to accommodate growing businesses. The address is conveniently located at 500 Washington Street, Portsmouth, VA 23704, with GPS coordinates 36.8350631 latitude and -76.3041589 longitude. This property presents a unique chance to establish a presence in a dynamic and up-and-coming area. Inquire today to learn more about available spaces and lease terms.

    Property Features for 500 Washington St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,756 SF

    Unit(s) available at that property

    Space
    2B
    Size
    145 SF
    Space
    2C
    Size
    600 SF
    Space
    2A
    Size
    500 SF
    Space
    2E
    Size
    600 SF
    Space
    2C
    Size
    2,911 SF

    HighLights

    • Eight individual office suites available for immediate lease.
    • Located in an Enterprise Zone, offering significant future growth potential.
    • Excellent access to I‑264 and area tunnels provides convenient commutes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medcare Weight Loss ... Weight Loss Service Seek Your Serenity ... Mental Health Clinic CJ Counseling and Consulting ... Social Worker Healing Journey Center ... Counselor Diversified Counseling & Assessment Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.3041589
    Latitude
    36.8350631

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    FAQs

    What type of property is this?
    Coworking space - Modern Coworking & Office Spaces in VA
    Where is this coworking space located?
    The property is located at 500 Washington St Portsmouth, VA.
    What are key features of this property?
    This property features: Eight individual office suites available for immediate lease.; Located in an Enterprise Zone, offering significant future growth potential.; Excellent access to I-264 and area tunnels provides convenient commutes.
    Request Owner's contact information
    500 Washington St Portsmouth, VA 23704
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    Portsmouth, VA 23704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Washington St Portsmouth, VA 23704
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