703 Confederate Ave Portsmouth, VA 23704-2909
This exceptional commercial property located at 703 Confederate Avenue, Portsmouth, VA, presents a unique investment opportunity. Priced at $475,000, this 0.25-acre lot boasts a main building featuring six individual offices, perfect for a variety of business configurations. The interior also includes a functional kitchen, a comfortable living room, one full bathroom, and two half bathrooms, offering convenience and flexibility for occupants. A significant asset is the substantial warehouse space, equipped with roll-up doors large enough to accommodate semi-trucks. This warehouse provides three levels of storage, ensuring ample room for inventory or equipment. Three separate entrances connect the warehouse to the main building, facilitating efficient workflow and access. The property also offers the advantage of multiple parking spaces for employees and clients, along with a gated side yard providing added security and privacy. This property is ideal for businesses requiring a blend of office space and substantial warehouse capacity, offering a compelling combination of functionality and location in Portsmouth, Virginia. The property's versatile layout and ample parking make it an attractive option for a wide range of commercial uses. Serious inquiries are encouraged.
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J.F. Whitlow Jr & Sons Inc. Plumbing, Heating & Cooling Plumbing Service General Contractor
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
IL · 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.