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    3600 George Washington Hwy Portsmouth, VA 23704

    Sponsored
    For Sale
    $495,000

    Prime Portsmouth location, high traffic, versatile space.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.95-acre commercial property, located at 3600 George Washington Highway in Portsmouth, Virginia (zip code 23704), presents a unique investment opportunity. Situated at the intersection of George Washington Highway and Frederick Boulevard, this property boasts a highly desirable location with excellent visibility and accessibility. The General Mixed Use (GMU) zoning allows for a wide range of commercial uses, including retail, fast food establishments, office space, office/warehouse combinations, and automotive sales, among others. The property's strategic placement ensures high traffic volume, with a daily traffic count of 27,700 vehicles. The asking price for this versatile property is $495,000. This presents a rare chance to acquire a substantial commercial property in a thriving area with significant potential for growth and diverse business applications. The property's size and zoning make it an ideal investment for entrepreneurs and businesses seeking a prominent location in a busy commercial corridor. Don't miss this opportunity to secure a prime piece of Portsmouth real estate.

    Property Features for 3600 George Washington Hwy

    General Information

    Property type
    Distribution properties
    Lot Size
    41,382 SF

    HighLights

    • High‑traffic corner lot at George Washington Hwy & Frederick Blvd, Portsmouth, VA.
    • General Mixed Use (GMU) zoning.
    • Suitable for retail, fast food, office, office/warehouse, and automotive uses.
    • 0.95‑acre parcel.
    • 27,700 vehicles per day traffic count.
    • $495,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Patriot Express Car ... Car Wash

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth
    State
    Virginia
    Longitude
    -76.3172557
    Latitude
    36.8104885

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    FAQs

    What type of property is this?
    Distribution property - Prime Portsmouth location, high traffic, versatile space.
    Where is this distribution property located?
    The property is located at 3600 George Washington Hwy Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: High-traffic corner lot at George Washington Hwy & Frederick Blvd, Portsmouth, VA.; General Mixed Use (GMU) zoning.; Suitable for retail, fast food, office, office/warehouse, and automotive uses.
    Request Owner's contact information
    3600 George Washington Hwy 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
    3600 George Washington Hwy Portsmouth, VA 23704
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