430 High St Portsmouth, VA 23704-3650

This exceptional 0.25-acre property at 430 High Street in the heart of Olde Towne Portsmouth, Virginia, presents a unique redevelopment opportunity. The building boasts eight fully occupied residential apartments on the third floor, generating a substantial monthly rental income of $7,000. The apartment mix includes three one-bedroom and five two-bedroom units. Significant upside potential exists with the currently vacant first and second floor commercial space. This expansive area, formerly a theater, offers a blank canvas for creative redesign and diverse commercial uses. The property features a recently refurbished back-street tenant staircase and a newer sprinkler system throughout. The sale is strictly "as-is," with the seller making no repairs. Showings of the commercial space require 48 hours' notice and proof of funds prior to scheduling. Access to occupied residential units is available only with appropriate due diligence. This is a rare chance to acquire a historic mixed-use building in a vibrant and desirable location. Don't miss this opportunity to capitalize on the strong rental income and significant redevelopment potential.