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Property profile & analytics

709 Mt Vernon Ave Portsmouth, VA 23707-2020

  • Investment properties
  • 1,920 SF
  • 0.13 lot acres
OFF-MARKET
Last Sale
Jun 26, 2024
$140,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-3926900
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • NSC Technologies / Employment Agency

Property Details for 709 Mt Vernon Ave

Year built
1948
Construction
FRAME
Lot size
0.13 lot acres
Property size
1,920 SF
Zone code
IL
Property type
Investment properties
Property subtype
Retail residential properties
APN
0152-0160
APU
1520160

Description

This exceptional 1,920-square-foot office building at 709 Mt. Vernon Avenue in Portsmouth, Virginia, presents a unique opportunity for businesses seeking a versatile and well-maintained workspace. Built in 1948, this two-story traditional/creative office building sits on approximately 0.13 acres and offers a functional floor plan ideal for a single tenant. The property features restrooms conveniently located on each level, enhancing convenience and efficiency. Recent remodeling ensures the space is move-in ready, eliminating the need for extensive renovations. Adding to its practicality, the building includes a covered storage area on the side and a chain-link fenced rear area, providing secure outdoor space. The property is connected to city sewer, water, and electric utilities. This location is particularly attractive due to its designation within HUBZone 2, offering potential advantages for businesses seeking federal procurement opportunities. The building is easily accessible and situated in a desirable area of Portsmouth, Virginia, zip code 23707. This is a rare opportunity to acquire a well-maintained, functional office building in a prime location. No elevators are present.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Portsmouth
County
Portsmouth City
State
Virginia
Longitude
-76.3358
Latitude
36.8422
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,411
$43,810
$106,650
$150,460
-
$43,810
$106,650
$150,460
More about this property
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