1000 Airline Blvd Portsmouth, VA 23707-4006
- Banks
- 3,911 SF
- 0.53 lot acres
Oct 02, 2024
Current Use by Public Records
- Atlantic Financial Services / Financial Planner
Property Details for 1000 Airline Blvd
- Year built
- 1981
- Construction
- BRICK
- Lot size
- 0.53 lot acres
- Property size
- 3,911 SF
- Zone code
- GMU
- Property type
- Banks
- APN
- 0303-0781
- APU
- 3030781
Description
This exceptional 3,911 square foot retail property, located at 1000 Airline Blvd in Portsmouth, Virginia (zip code 23707), presents a unique owner-user investment opportunity. The vacant building, constructed in 1981, features two stories and sits on a 0.533-acre lot with ample parking for 36 vehicles. Its previous uses include a bank, daycare, and fast-food restaurant, highlighting its versatile nature. The property boasts a prime location at a signalized intersection of Airline Blvd and Bart Street, offering excellent visibility and accessibility. With 5 points of ingress/egress, the site ensures convenient traffic flow. The high traffic counts of 15,000 vehicles per day (VPD) on Airline Blvd and 26,000 VPD on Frederick Blvd provide significant exposure. The flexible GMU zoning allows for a wide range of commercial uses, including professional offices and institutions, and a broad range of light and moderate intensity commercial activities. The asking price is $540,000, translating to $138.07 per square foot. A large pylon sign and a drive-thru further enhance the property's appeal. Its proximity to other retail amenities and easy interstate access makes this a highly desirable location for a variety of businesses.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Portsmouth City
- State
- Virginia
- Longitude
- -76.3441
- Latitude
- 36.8303
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
