300 Wythe St Portsmouth, VA 23704-5208
This exceptional 15,611-square-foot food processing plant, located at 300 Wythe St, Portsmouth, VA 23704, presents a unique investment opportunity. Built in 1981 and significantly renovated in 2016, this single-building facility sits on a 1.66-acre lot and boasts three loading docks, all at dock level for efficient operations. The building features a 16-foot ceiling height and is constructed of 10-12 inch concrete on pilings. Importantly, the interior is certified to be 9 feet above the flood zone, providing peace of mind. The 2016 renovation included a complete retrofit of all electrical systems, panels, and water lines. This property benefits from excellent logistics, offering direct access to Interstate 264 and close proximity to the ports of Virginia, making it ideal for distribution. The asking price is $1,800,000, translating to $115.30 per square foot. This turnkey operation is ready for immediate occupancy and presents a compelling opportunity for a variety of food processing businesses. The property's strategic location and modern infrastructure make it a highly desirable asset in the competitive food processing market. This is a rare chance to acquire a well-maintained, strategically located industrial property with significant potential for growth and profitability. The three-phase, 600V electrical service ensures ample power for demanding operations.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SD · Portsmouth, VAPortsmouth. Always verify with local authorities before improvements.
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.