400 Broad ST Portsmouth, VA $ 904,500
400 Broad ST
$ 904,500
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400 Broad ST

Portsmouth, VA, 23707
$ 904,500
Bedrooms-- Baths-- Sq 7,949

Monthly Estimate*

$ 6,247

400 Broad ST, Portsmouth, VA 23707 - Image 1
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Commercial Property for sale in Portsmouth, VA

for $904,500. This 7,949 square foot building was built on a lot size of 0.11.

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.

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Commercial Active

Price

$ 904,500

Property Type

Commercial

Taxes

$ 1,744

Style

Commercial/Industrial

Lot Size

0.11

Town/City

Portsmouth

County/Region

Portsmouth City

MLS | Web ID

10657213

Features
General
Construction Frame
Cooling Central Air
Utilities City Sewer City Water Electric
Ownership Type Simple
Features Display Window Outside Storage Pole Sign
Roof Poly Skin
Parking Street
Zoning HLB
Property Type Commercial/Industrial
Area 21 - Central Portsmouth
Subdivision Name PORT NORFOLK
Location Other
Sub Type Purchase
New Construction Y/N 0
Non Non Contingent
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Exterior
Siding Brick
Foundation Slab
Garage Y/N 0
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* Excluded Features
List By
Deanna Crook

Listing Agent

Signature Properties

Broker

Affordability Calculator

$6,392
Per Month
98%
2%
0%
Monthly Principal & Interest
$6,247
Monthly Property Taxes
$145
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
239339 Elementary School
239621 Middle School
Unknown High School High School

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400 Broad ST, Portsmouth, VA, 23707 is a Commercial Property for sale at $904,500 with 7,949 sqft and a lot size of 0.11. The property's zip code is 23707 which is in Portsmouth, VA