1823 County St Portsmouth, VA 23704
For Lease
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This Portsmouth, Virginia industrial property at 1823 County Street offers 17,676 square feet of flexible space, perfect for a variety of light industrial uses. Built in 1948 and renovated in 1952, the building is zoned I-L and sits on a 1.94-acre lot, providing ample space for outdoor operations. The property is currently multi-tenant, with 8,706 square feet of vacant space immediately available. Divisible units start at 893 square feet, with a maximum contiguous space of 7,813 square feet. The property includes roll-up doors, and approximately 0.65 acres of yard space is available. Its strategic location offers easy access to key transportation arteries, including proximity to the Norfolk Naval Shipyard, Portsmouth Marine Terminal, the Churchland and West Norfolk Bridges, and the Midtown Tunnel. This makes it an excellent choice for businesses needing convenient access to major transportation routes and infrastructure. The property's size and flexibility make it suitable for towing, heavy equipment, general contracting, and other similar light industrial operations. This is a rare opportunity to secure a well-located and versatile industrial property in a thriving area.
The Light Industrial IL district is established and intended to accommodate light manufacturing, assembly, fabrication, processing, distribution, storage, research and development, and other industrial uses that are small scale or otherwise have minimal exterior movement of vehicles,
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
IL · Portsmouth, VAThe Light Industrial IL district is established and intended to accommodate light manufacturing, assembly, fabrication, processing, distribution, storage, research and development, and other industrial uses that are small scale or otherwise have minimal exterior movement of vehicles,
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.