300 Wythe StPortsmouth, VA 23704

Property Details for 300 Wythe St

Year built

1982

Construction

LIGHT FRAME

Lot size

1.66 AC

Property size (Sq ft)

13,674 SF

Zone code

SD

Property type

Industrial properties

Property subtype

Other warehouses

APN

0009-0010

APU

90010

Description

This exceptional 15,611-square-foot food processing plant, located at 300 Wythe St, Portsmouth, VA 23704, presents a unique investment opportunity. Built in 1981 and significantly renovated in 2016, this single-building facility sits on a 1.66-acre lot and boasts three loading docks, all at dock level for efficient operations. The building features a 16-foot ceiling height and is constructed of 10-12 inch concrete on pilings. Importantly, the interior is certified to be 9 feet above the flood zone, providing peace of mind. The 2016 renovation included a complete retrofit of all electrical systems, panels, and water lines. This property benefits from excellent logistics, offering direct access to Interstate 264 and close proximity to the ports of Virginia, making it ideal for distribution. The asking price is $1,800,000, translating to $115.30 per square foot. This turnkey operation is ready for immediate occupancy and presents a compelling opportunity for a variety of food processing businesses. The property's strategic location and modern infrastructure make it a highly desirable asset in the competitive food processing market. This is a rare chance to acquire a well-maintained, strategically located industrial property with significant potential for growth and profitability. The three-phase, 600V electrical service ensures ample power for demanding operations.

• Alternative Use

  Use

  Valuation

  Residential

  $3,305,075

  Hospitality

  $3,027,431

  Educational

  $2,518,787

  Medical

  $2,605,412

  Retail

  $3,918,113

Location Insight

City

Portsmouth

County

Portsmouth City

State

Virginia

Latitude

36.83

Longitude

-76.2999

CBSA code

47260

CBSA name

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

Property Tax & Assessments

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