701 Court St Portsmouth, VA 23704
This exceptional 0.28-acre commercial property, located at 701 Court Street in Portsmouth, Virginia, presents a unique investment opportunity. Situated on a busy corner lot in the heart of downtown, near major thoroughfares such as Route 264 and the Downtown Tunnel, this property boasts unparalleled visibility and accessibility. The existing building has recently undergone significant improvements, including a brand-new roof and exterior updates to the brick wall, columns, and paint. This demonstrates a commitment to quality and presents a solid foundation for a variety of commercial ventures. The property's versatility allows for single or multi-purpose use, catering to a wide range of business needs. The seller, a Class-A contractor, is prepared to collaborate with the buyer on any necessary renovations, offering a seamless transition and potential for customized development. Please note that the property currently houses an active business during the week, and there are pets on the premises. Access requires notification for security reasons. The chandeliers are excluded from the sale. This is a rare opportunity to acquire a well-maintained, high-traffic commercial property in a thriving downtown area. Don't miss out on this chance to establish your business in a prime Portsmouth location.
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RT Atkison Building Corp. General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.