430 High StPortsmouth, VA 23704

Property Details for 430 High St

Year built

1941

Construction

BRICK

Lot size

0.25 AC

Property size (Sq ft)

24,827 SF

Zone code

T5

Property type

Investment properties

Property subtype

Live-work space

APN

0012-1020

APU

121020

Description

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.

Location Insight

City

Portsmouth

County

Portsmouth City

State

Virginia

Latitude

36.8358

Longitude

-76.3019

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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