1634 London Blvd Portsmouth, VA 23704

Property Details for 1634 London Blvd

Year built

1972

Construction

BRICK

Lot size

3.75 lot acres

Property size

21,423 SF

Zone code

GMU

Property type

Office buildings

APN

0058-0191

APU

580191

Description

This exceptional commercial property, located at 1634 London Boulevard in Portsmouth, Virginia, presents a unique investment opportunity. The 21,423 square foot all-brick office building, constructed in 1972 and extensively remodeled in 2004, sits on a generous 3.5-acre lot adjacent to a tidal creek. The property boasts ample parking with 96 spaces, including 4 designated handicap spaces. The building itself features 46 individual offices, three spacious conference areas, and four bathrooms. Currently leased until December 31, 2024, the tenant has expressed interest in leasing half the building for a further five-year term commencing January 1, 2025. This provides immediate income potential and long-term lease security. The property is strategically located outside of any designated flood zone, offering peace of mind to investors. While adjacent land is within a flood plain, the main building itself is unaffected. This prime location, combined with the substantial size and existing lease, makes this a highly attractive investment opportunity in the thriving Portsmouth market. The property's significant features, including its size, location, and existing lease, make it an ideal investment for discerning buyers.

Location Insight

City

Portsmouth

County

Portsmouth City

State

Virginia

Longitude

-76.3203

Latitude

36.8381

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments