2404 Rodman AvePortsmouth, VA 23707

  • Other commercial real estate
  • 0.13 AC
For Sale
$25,000 View listing

Property Details for 2404 Rodman Ave

Lot size
0.13 AC
Zone code
GMU
Property type
Other commercial real estate
APN
0339-0114
APU
3390114

Description

This exceptional commercial investment opportunity encompasses three strategically located parcels totaling 1.112 acres in Portsmouth, Virginia. The properties, situated at 2404 Rodman Avenue and including 2406 Rodman Avenue and 3709 Turnpike Road, are being offered together for a combined price of $425,000. Currently operating as an outboard motor sales and service store, this established business presents a unique chance for continued operation or redevelopment. The main parcel at 2404 Rodman Avenue boasts 5,663 square feet of space, providing ample room for various commercial ventures. The combined acreage of 1.112 acres offers significant potential for expansion or future development. This high-traffic location provides excellent visibility and accessibility, making it an ideal investment for entrepreneurs and seasoned investors alike. The properties are sold as a package, presenting a compelling opportunity to acquire a substantial commercial footprint in a thriving area. The combined parcels offer a rare chance to capitalize on a well-established business and prime real estate in a desirable location. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity. Detailed property information and financial records are available upon request. This is a turnkey opportunity for immediate income generation or future development.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,202,623
    Hospitality
    $1,101,596
    Educational
    $916,515
    Medical
    $948,035
    Retail
    $1,425,690
2404 Rodman Ave, Portsmouth, Virginia

Location Insight

City
Portsmouth
County
Portsmouth City
State
Virginia
Latitude
36.8199
Longitude
-76.3456
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
$455
$36,380
-
$36,380
-
$36,380
-
$36,380

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