For Sale
$750,000

430 High StPortsmouth, VA 23704

Mixed-use building, high rental income.

Overview

Added:
Feb 3
Days on market:
60
This exceptional 0.25-acre property at 430 High Street in the heart of Olde Towne Portsmouth, Virginia, presents a unique redevelopment opportunity. The building boasts eight fully occupied residential apartments on the third floor, generating a substantial monthly rental income of $7,000. The apartment mix includes three one-bedroom and five two-bedroom units. Significant upside potential exists with the currently vacant first and second floor commercial space. This expansive area, formerly a theater, offers a blank canvas for creative redesign and diverse commercial uses. The property features a recently refurbished back-street tenant staircase and a newer sprinkler system throughout. The sale is strictly "as-is," with the seller making no repairs. Showings of the commercial space require 48 hours' notice and proof of funds prior to scheduling. Access to occupied residential units is available only with appropriate due diligence. This is a rare chance to acquire a historic mixed-use building in a vibrant and desirable location. Don't miss this opportunity to capitalize on the strong rental income and significant redevelopment potential.

Property Details for 430 High St

Property type
Year Built
1941
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Portsmouth
County
PORTSMOUTH
State
Virginia
Latitude
36.83573
Longitude
-76.3019
430 High St, Portsmouth, Virginia

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430 High St
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