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$ 904,500
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Active
400 Broad ST Portsmouth, VA 23707
7,949 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Purchase
Listing Status Active
Purchase Type For Sale
Square Footage 7,949 sqft
Price per Sqft $113
Subdivision Port Norfolk
MLS Listing ID 10657213
HOA Y/N No
Annual Tax Amount $1,744
Lot Size 4,791 Sqft
Property Sub-Type Purchase
Property Description
Discover the possibilities in this 7949-square foot mixed-used building in the Port Norfolk section of Portsmouth. Featuring (3) one-bedroom and (1) two-bedroom renovated apartments upstairs along with a large, shared laundry room and three commercial spaces downstairs, this property offers opportunities for the investors and business owners alike. Property highlights: 7949 SF historic mixed-use asset; Built 1922 - Fully modernized; Two-Story structure plus 4 residential units. Capital Improvements: Over $550K in completed renovations, new electrical, plumbing, HVAC and more, restored brick facade, new storefronts, and concrete pad, new roof, framing, bathrooms, ceilings, ALL WORK PERMITTED AND APPROVED BY HISTORICAL SOICETY. With residential and commercial space under one roof, this versatile property offers multiple potential income streams and room to bring your plans to life. Qualifies for cost segregation and bonus depreciation. Schedule your showing and explore the possibilities.
Location
State VA
County Portsmouth
Area 21 - Central Portsmouth
Zoning HLB
Interior
Cooling Central Air
Exterior
Parking Features Street
Utilities Available City Sewer, City Water, Electric
Roof Type Poly Skin
Building
Foundation Slab
Others
Senior Community No
Ownership Simple
Disclosures Historical District, Special Tax Rate
Special Listing Condition Historical District, Special Tax Rate
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Listed by Signature Properties
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