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    3290 Airline Blvd Portsmouth, VA 23701

    Sponsored
    For Sale
    $2,200,000

    Versatile 9,608 SF Office/Warehouse

    Property size:
    9,608 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Portsmouth, VA commercial property, located at 3290 Airline Boulevard, presents a unique investment opportunity. The 9,608 square foot building sits on a 3.59-acre lot and is zoned GMU (General Mixed Use), offering considerable flexibility. The property boasts a 7,108 square foot main building complemented by a 2,500 square foot warehouse. Recent upgrades include a new roof, recently paved parking lot with 46 spaces and new parking lot lights, a new HVAC system, and a new water heater. The warehouse features three 10' (w) x 9' (h) overhead doors, a 16' x 16' motorized overhead door, and a 12' x 12' overhead door, all contributing to efficient loading and unloading. The warehouse also benefits from a 16' to 18' clear ceiling height and a 6" reinforced slab. Additional features include a stand-by generator and 200 amp, 3-phase electrical service. This property is ideal for a variety of commercial uses, offering a blend of office and warehouse space with ample parking and modern amenities. The asking price is $2,200,000. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a prime Portsmouth location.

    Property Features for 3290 Airline Blvd

    General Information

    Property type
    Distribution properties
    Square Feet
    9,608 SF
    Lot Size
    156,380 SF

    HighLights

    • 7,108 SF Main Building
    • New Roof
    • Recently paved parking lot with 46 spaces
    • New parking lot lights
    • Standby generator
    • New HVAC system
    Property Profile Location Intelligence

    Current Use by Public Records

    55 Gallon Drums ... Barrel Supplier Jani King International, ... Janitorial Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon 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
    State
    Virginia
    Longitude
    -76.3765367
    Latitude
    36.8072028

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    FAQs

    What type of property is this?
    Distribution property - Versatile 9,608 SF Office/Warehouse
    Where is this distribution property located?
    The property is located at 3290 Airline Blvd Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 7,108 SF Main Building; New Roof; Recently paved parking lot with 46 spaces
    Request Owner's contact information
    3290 Airline Blvd Portsmouth, VA 23701
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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
    3290 Airline Blvd Portsmouth, VA 23701
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