419 Queen StPortsmouth, VA 23704

  • Warehouses
  • 5,720 SF
For Sale
$190,000 View listing

Property Details for 419 Queen St

Year built
1954
Lot size
0.06 AC
Property size (Sq ft)
5,720 SF
Zone code
T5
Property type
Warehouses
APN
0012-1080
APU
121080

Description

This exceptional opportunity presents a substantial 5700 square foot warehouse situated in Portsmouth, Virginia's historic district. Located on a 0.07-acre lot at 419 Queen Street, this property offers significant potential for redevelopment or adaptive reuse. The building currently requires repairs, presenting a chance for a buyer to customize the space to their specific needs and vision. Given its size and location within a vibrant historic area, this warehouse is ideally suited for a variety of commercial uses, from storage and distribution to creative studios or light manufacturing. The substantial square footage provides ample room for expansion or subdivision, depending on the intended use. The property's prime location within the historic district offers unique advantages, including potential access to local amenities and a strong sense of community. Investors and developers alike will appreciate the potential return on investment this property offers, considering its size, location, and the opportunity for value enhancement through renovations. The 0.07-acre lot provides sufficient space for loading and unloading, as well as potential for outdoor storage or expansion. Serious inquiries are encouraged to explore the possibilities this unique warehouse presents. The asking price is $190,000. This is a rare chance to acquire a significant piece of Portsmouth's history and transform it into a thriving commercial asset.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,382,553
    Hospitality
    $1,266,411
    Educational
    $1,053,639
    Medical
    $1,089,875
    Retail
    $1,638,994

Location Insight

City
Portsmouth
County
Portsmouth City
State
Virginia
Latitude
36.836
Longitude
-76.3018
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
$2,452
$69,970
$105,650
$175,620
-
$69,970
$105,650
$175,620

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