3303 Portsmouth Va UsaPortsmouth, VA 23701

Property Details for 3303 Portsmouth Va Usa

Year built

2002

Property size (Sq ft)

17,000 SF

Property type

Warehouses

Property subtype

Office properties

Description

This exceptional investment opportunity presents five contiguous industrial condominiums totaling 17,000 square feet, ideally situated within the Airline Business Park in Portsmouth, Virginia. Building 3, constructed in 2002 and renovated in 2016, offers a versatile blend of office and warehouse space. The property boasts 10,000 square feet of office space distributed across two floors, complemented by 7,000 square feet of warehouse space. Loading capabilities are enhanced by two dock-high recessed loading doors equipped with edge-of-dock levelers, along with one grade-level door. The building features a substantial 17-foot ceiling height and ample three-phase power (800 amps). The flexible layout allows for up to four separate tenants, with two units on each floor. Zoned IL (Light Industrial), this property benefits from abundant parking and is strategically located just one mile from the Greenwood Drive/I-264 interchange, providing easy access to major transportation arteries. Its proximity to key maritime facilities, including the Portsmouth Marine Terminal (5 miles) and the Norfolk Naval Shipyard Portsmouth (5.3 miles), further enhances its appeal. The property also benefits from its location within a Virginia Enterprise Zone and is eligible for Portsmouth incentives. All five condo units (3A, 3B, 3C, 3D, and 3E) must be purchased together. The asking price is $1,699,000, representing a land value of $99.94 per square foot. This presents a compelling opportunity for investors seeking a well-located, versatile industrial property with significant upside potential.

Location Insight

City

Portsmouth

County

Portsmouth

State

Virginia

Latitude

36.8048

Longitude

-76.3762

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