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Property profile & analytics
FOR LEASE
Shopping centers

670 Lincoln St Portsmouth, VA 23704

22,497 SF 1.75 ac lot Built 1953
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US87-0608538
Property summary
AI-generated overview

This exceptional Portsmouth, VA property at 670 Lincoln Street offers a unique opportunity for businesses seeking office, flex, or land lease options. The main building features a 3,645 square foot space ideal for a variety of uses, including retail or office, complete with a convenient roll-up garage door. This versatile space is perfect for businesses requiring easy access to both I-264 and the downtown Norfolk tunnel, ensuring seamless commutes for employees and clients. Ample parking is provided with 112 spaces available for tenants and their visitors. The property's strategic location also benefits from excellent public transportation access via a nearby bus line and commuter rail, enhancing its appeal and accessibility. Further enhancing its visibility and marketing potential, the property boasts prominent freeway visibility and signage opportunities. Beyond the existing building, several land parcels are also available for ground lease, presenting additional development potential for expansion or complementary businesses. The office space is offered at a competitive net utility rate of $12.00 per square foot. This combined offering of office space, land parcels, and convenient amenities makes 670 Lincoln Street an unparalleled investment opportunity in a thriving Portsmouth location.

Property profile
Verified
Property type Shopping centers
Use group SHOPPING CENTER COMMON AREA
Year built 1953
Total area 22,497 SF
Lot 1.75 ac (76,230 SF)
Zoning code SD
APN 0033-0790
UPID US87-0608538
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
  • Brikhouse Boxing and Fitness, LLC Gym & Fitness Center
  • Brikhouse Mixed Martial Arts Training Center Sports School
  • Seventh and Lincoln Shopping Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.05M
Owner & transaction history
Krambias Properties LLC · 3 yrs held
Krambias Properties LLC
since 2023
Last sale
$1.2M
2 recorded transactions
2023
$1.2M
1969
Price N/A
Zoning & alternative use
SD · Portsmouth, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.5M +97.4%
Commercial (general) $1.3M +82.4%
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