2100 Portsmouth Blvd Portsmouth, VA 23704
- Automotive properties
- 5,250 SF
- 0.34 lot acres
Current Use by Public Records
- GAC Automotive / Auto Repair Shop
- d & s suppliers / Truck Repair Shop
Property Details for 2100 Portsmouth Blvd
- Year built
- 1947
- Construction
- BRICK
- Lot size
- 0.34 lot acres
- Property size
- 5,250 SF
- Zone code
- IL
- Property type
- Automotive properties
- APN
- 0147-0030
- APU
- 1470030
Description
This ±6,350 square foot industrial property, situated on a 1.15-acre lot in Portsmouth's Mid-City submarket (Southside cluster), offers a unique opportunity for businesses needing both indoor and outdoor space. The building features approximately 1,200 square feet of office space, complemented by a substantial ±6,200 square feet of vacant industrial space. The property boasts a fenced, stabilized, and lit yard area, ideal for various uses. With four loading docks and ceiling heights ranging from 10 to 13 feet, this space is well-suited for businesses requiring efficient loading and ample storage. The zoning is IL (Light Industrial), allowing for a wide range of compatible businesses. The property's strategic location offers easy access to major transportation arteries, being approximately 1.2 miles from the Norfolk Naval Shipyard and 0.5 miles from I-264. This location is particularly advantageous for naval/defense contractors, service businesses with fleet vehicles, building materials suppliers, equipment sales/rental companies, and other businesses needing outdoor storage. The property is located within a designated Opportunity Zone and Enterprise Zone, making it eligible for potential incentives. Minimum divisible space is 1,200 square feet, with a maximum contiguous space of 5,900 square feet available. Ingress and egress are easily accessible from Deep Creek Boulevard and Chicago Avenue.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $820,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $795,000
- 6.5%
- $750,000
- 7%
- $780,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $810,000
- Geo Method
- $840,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $810,000
- Retail
- $815,000
- Mixed-Use
- $890,000
- Hospitality
- $825,000
- Educational
- $755,000
- Residential Income
- $675,000
- Energy
- $725,000
- Income-Based Land
- $710,000
- Food Service
- $935,000
Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Portsmouth City
- State
- Virginia
- Longitude
- -76.3252
- Latitude
- 36.8175
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
