3703 County St Portsmouth, VA 23707
- Medical offices
- 2,280 SF
- 0.15 lot acres
Current Use by Public Records
- Medical offices
Property Details for 3703 County St
- Year built
- 1953
- Lot size
- 0.15 lot acres
- Property size
- 2,280 SF
- Zone code
- URM
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 0304-0650
- APU
- 3040650
Description
This freestanding Class C office building, located at 3703 County St, Portsmouth, VA 23707, offers 2,280 square feet of space and is available for $375,000 ($164.47/sq ft). Currently vacant, this single-tenant property is zoned UR-M, allowing for mixed residential and commercial uses. The building features five rooms, a storage attic, kitchenette, 2.5 bathrooms, a reception area, an ADA-compliant ramp, and a fenced outdoor area. Its strategic location, two blocks from Bon Secours-Maryview Hospital, ensures high visibility and accessibility. Portsmouth's revitalization and economic development initiatives present significant growth potential, further enhanced by the possibility of tax incentives and grants for renovations or new development. The property's proximity to amenities like schools, parks, shopping, and public transportation adds to its appeal. This absolute NNN lease type presents a compelling investment opportunity with an 8.00% cap rate. The property's versatility and location in a growing area make it an attractive option for investors seeking strong returns and diverse development possibilities. Consult the city's zoning ordinance or planning department for specific regulations and permitted uses.
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
- -76.3479
- Latitude
- 36.8325
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
