757 Broad St Portsmouth, VA 23707-2008
This charming 2-story, 2,352 square foot traditional office building at 757 Broad Street in Portsmouth, Virginia, presents a unique investment opportunity. Built in 1850, the property boasts a rich history and is situated on a 0.129-acre lot. Currently zoned IL, this versatile space offers significant potential for a variety of commercial uses, making it an ideal owner-user investment. The building's central Portsmouth location provides easy access to local amenities and transportation. The property includes off-street parking, a valuable asset in this area. Its classic architecture and spacious layout offer a blank canvas for creative renovation or adaptive reuse, making it a perfect conversion opportunity. This Class C building is priced at $250,000 and represents a compelling opportunity for an owner-occupier seeking a unique and well-located office space, particularly attractive to businesses operating nearby warehouses. The property's flexible zoning and central location make it a strong contender for a variety of commercial ventures.
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RKS Trucking LLC/ Lexington Intermodal Freight Service Logistics Company
The Light Industrial IL district is established and intended to accommodate light manufacturing, assembly, fabrication, processing, distribution, storage, research and development, and other industrial uses that are small scale or otherwise have minimal exterior movement of vehicles,
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, VAThe Light Industrial IL district is established and intended to accommodate light manufacturing, assembly, fabrication, processing, distribution, storage, research and development, and other industrial uses that are small scale or otherwise have minimal exterior movement of vehicles,
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.