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Property profile & analytics
OFF-MARKET
Commercial real estate

2513 Victory Blvd Portsmouth, VA 23702

4 ac lot Built 1960
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 2513 VICTORY Boulevard in Portsmouth, Virginia, presents a unique investment opportunity. The building encompasses a substantial 14,000 square feet of space, previously utilized as a gaming room. This versatile layout offers significant potential for a variety of commercial ventures, including, but not limited to, the establishment of a new gaming facility or a retail business. The property boasts a highly desirable location with exceptional visibility, ensuring maximum exposure to potential customers. Ample parking is available on-site, providing convenient access for both employees and patrons. The property sits on a generous 4-acre lot, offering significant expansion possibilities or the potential for additional development. The existing 14,000 square foot building includes a fully functional kitchen, a valuable asset for various commercial uses. This property is priced at $12 million and represents a compelling investment opportunity in a thriving Portsmouth location. The combination of size, location, and existing infrastructure makes this a truly exceptional commercial offering. Serious inquiries are encouraged to explore the full potential of this remarkable property.

Property profile
Verified
Property type Commercial real estate
Year built 1960
Lot 4 ac (174,240 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Luck 757 Portsmouth Hotel & Motel Resort
  • Rpad Center Hotel & Motel Resort
  • Victory Poker Lounge Bingo Hall
  • ATM Atm
  • Youth University Learning Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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