627 High Street
Portsmouth, VA 23704
MLS #10116135

Commercial
  • Activestatus
  • 0.21acres
  • 15,280sq ft
$1,295,000
Est. P&I payment: $4946.02/mo
627 High Street, Portsmouth, VA 23704
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Description for 627 High Street, Portsmouth, VA 23704
GREAT INCOME PRODUCING PROPERTY STRATEGICALLY LOCATED ON HIGH STREET IN OLDE TOWNE PORTSMOUTH. THE 15280 SQUARE FOOT, 3 STORY AND 2 STORY BUILDINGS OFFER MODERN FEATURES WITH OLD WORLD CHARM AND IS COMPRISED OF A 1215 SF LEASED STORE AND 9 UNIQUE RESIDENTIAL RENTAL CONDO UNITS ENCOMPASSING 13200 SQUARE FEET. WITH MIXED USE T5 ZONING IN HISTORIC BUSINESS DISTRICT D-1, THE RESIDENCES AT 625A,B,C,D AND 627A,B,C,D AND E HIGH ST., AND THE COMMERCIAL SPACE AT 627 HIGH ST. ARE CONVENIENT TO THE NAVAL HOSPITAL,SHIPYARD,FERRY,MUSEUMS,RESTAURANTS,SHOPS AND MORE.RESIDENTIAL CONDOS INCLUDE 7 RENTED 2 BEDROOM, 2 BATH UNITS, A 3 BEDROOM,3BATH+LOFT UNIT AND A 1 1/2 BEDROOM UNIT. RESIDENTIAL UNITS FEATURE HARDWOOD,CARPET AND CERAMIC FLOORS, BRICK FEATURE WALLS, FULLY EQUIPPED KITCHENS WITH HIGH END APPLIANCES, 10 FT. CEILINGS AND MORE.LONG TERM TENANT, THE SMOKE SHACK, AND FULLY RENTED RESIDENTIAL UNITS PROVIDE EXCELLENT CASH FLOW AND GREAT INVESTMENT OPPORTUNITY.
MLS #10116135
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My Notes for MLS #10116135

General Features

  • Status: Active
  • SqFt Total: 15,280
  • Year Built Approx: 1938
  • Ownership Type: Simple
  • Property Type: Commercial/Industrial
  • Property Sub Type: Purchase
  • Property Type Cross Prop: Commercial/Industrial
  • Units Total Number: 10
  • Use Current Text: STRS&RESIDENTIA
  • Use Type: Other
  • Zoning: T5

Utility Features

  • Utilities: City Sewer,​City Water,​Electric,​Meter
  • Cooling: Central Air
  • Heating: Electric

Financial Features

  • Tax Amount Approx: 11,878
  • Lease Type: Multiple

Interior Features

  • Ceiling Height: 10 FOOT
  • Features: Display Window,​Lighting,​Rear Entrance
  • Flooring Type: Carpet,​Hardwood

Exterior Features

  • Acres Approx: 0.21
  • Lot Depth: 228
  • Lot Dimensions: 40X228
  • Lot Front: 40
  • Construction: Other,​Renovated
  • Foundation Type: Slab
  • Exterior Siding: Brick,​Masonry
  • Parking: Assigned/Reserved,​Lot,​Street
  • Roof: Other
  • Stories Number: 3

Miscellaneous Features

  • Miscellaneous: 220 V
  • Contingency Exists: Non Contingent
  • Possession: CLOSING
  • Disclosure: Historical District,​Owner Agent,​Pet on Premises

Community Features

  • Area: 21 - Central Portsmouth
  • Neighborhood Name: OLDE TOWNE
  • Subdivision Name: OLDE TOWNE - 119
  • Subdivision Number: 119
  • Location: Frontage,​Other

Location

 
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The listing information for 627 High Street, Portsmouth, VA 23704 was graciously provided by our friends at the listing brokerage, Exit Realty Professionals

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James Walrod
564 Lynnhaven Pkwy. Suite 200
Virginia Beach , VA 23452
757 340-0013 x7182 Office
757 274-3444 Mobile
855-203-6885 Fax
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P&I Payment $4946.02
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Last Updated 12/18/2017 at 9:10am
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