309 County Street | Portsmouth, VA
OFFICE BUILDING
INVESTMENT OPPORTUNITY
FOR SALE
309 County Street | Portsmouth, VA
Property Summary:
Riddle Associates is pleased to offer the opportunity to acquire 309 County St, Portsmouth, VA, a fully leased, two-story Class B office building located in the heart of Downtown Portsmouth.
This well-maintained asset offers stable in-place income, a diverse mix of national and local tenants, and recent capital improvements. The property provides convenient access to Downtown Portsmouth's restaurants, waterfront attractions, and the Portsmouth Ferry, as well as easy connectivity to I-264 and I-464.
Adjacent properties are owned and occupied by the City of Portsmouth, contributing to an established and prominent downtown setting.
PLEASE NOTE: DO NOT DISTURB TENANTS. All property tours and showings must be coordinated through Riddle Associates.
Asset Summary:
Sale Price: $1,560,000
Cap Rate: 7.00%
Building Size: 15,524 SF
Lot Size: 0.99 Acres
Fully Lease: 5 Suites
Year Built: 1986
Zoning: T-6 - Mixed-Use Development
Building Type: Two-Story Class B Office
FOR MORE INFORMATION, CONTACT
sstidham@riddleassociates.com, 757.256.7420 (c) or 757.523.1900 (o)