3600 George Washington HwyPortsmouth, VA 23704

  • Other commercial real estate
  • 0.93 AC
For Sale
$495,000 View listing

Property Details for 3600 George Washington Hwy

Lot size
0.93 AC
Zone code
GMU
Property type
Other commercial real estate
APN
0469-0261
APU
4690261

Description

This exceptional 0.95-acre commercial property, located at 3600 George Washington Highway in Portsmouth, Virginia (zip code 23704), presents a unique investment opportunity. Situated at the intersection of George Washington Highway and Frederick Boulevard, this property boasts a highly desirable location with excellent visibility and accessibility. The General Mixed Use (GMU) zoning allows for a wide range of commercial uses, including retail, fast food establishments, office space, office/warehouse combinations, and automotive sales, among others. The property's strategic placement ensures high traffic volume, with a daily traffic count of 27,700 vehicles. The asking price for this versatile property is $495,000. This presents a rare chance to acquire a substantial commercial property in a thriving area with significant potential for growth and diverse business applications. The property's size and zoning make it an ideal investment for entrepreneurs and businesses seeking a prominent location in a busy commercial corridor. Don't miss this opportunity to secure a prime piece of Portsmouth real estate.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,593,773
    Hospitality
    $7,871,850
    Educational
    $6,549,287
    Medical
    $6,774,527
    Retail
    $10,187,779
3600 George Washington Hwy, Portsmouth, Virginia

Location Insight

City
Portsmouth
County
Portsmouth City
State
Virginia
Latitude
36.8104
Longitude
-76.3172
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,986
$188,700
$38,440
$227,140
-
$188,700
$38,440
$227,140

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