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Property profile & analytics
OFF-MARKET
Retail space

2101 Piedmont Ave Portsmouth, VA 23704-5405

1,680 SF 0.07 ac lot Built 1946
Individually Owned 15-yr Hold ~ Est. High Equity
Property ID
US87-0602443
Property summary
AI-generated overview

This exceptional 0.07-acre property, located at 2100 Piedmont Avenue in Portsmouth, Virginia, presents a unique investment opportunity. Priced at $150,000, this lot is being sold "as is," offering buyers the chance to acquire a piece of land with significant potential. The property's address is 2101 Piedmont Avenue, placing it within easy reach of various amenities and transportation routes common to Portsmouth. The exact square footage of the lot is not currently specified. Given its size and location, this lot is well-suited for a variety of development projects, making it an attractive prospect for both seasoned investors and those new to the real estate market. The "as is" condition allows for flexibility in planning and execution, enabling buyers to tailor the development to their specific vision and budget. Serious inquiries are encouraged to explore the possibilities this property offers. This is a rare chance to acquire a strategically located lot in a growing area of Portsmouth, Virginia, and capitalize on its redevelopment potential. The property's location offers convenient access to local businesses, residential areas, and major transportation arteries. This makes it an attractive location for a variety of potential developments. The sale price of $150,000 represents a compelling entry point into the Portsmouth real estate market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Construction LIGHT FRAME
Total area 1,680 SF
Lot 0.07 ac (2,962 SF)
Zoning code UR
APN 0121-0290
UPID US87-0602443
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
  • Emmos Food Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Keith M Jones · 15 yrs held
Keith M Jones
since 2010
1 recorded transaction
2010
$60,000
Zoning & alternative use
UR · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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