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Investment Highlights

  • Building recently received new roof
  • Close proximity to retail shops, restaurants and numerous other amenities.
  • 51 parking paces
  • Easy access to I-264, Downtown Tunnel

Executive Summary

100% leased. However this property can also be an excellent Owner-Occupant opportunity because the leases are short term.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,044 SF
Building Class
C
Year Built
1980
Price
$1,705,300 CAD
Price Per SF
$154.41 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.23
Lot Size
1.09 AC
Zoning
C-2
Parking
56 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
114’ on Chowan

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Crunch Fitness
Bank of America
America's Best Wings
Cook Out
Skrimp Shack
Rent-A-Center
Truist
Starbucks
Yard House
Food Lion

Property Taxes

Property Taxes

Parcel Number
0576-0032
Land Assessment
$418,237 CAD
Improvements Assessment
$439,202 CAD
Total Assessment
$857,439 CAD
  • Listing ID: 31596482

  • Date on Market: 2024-04-24

  • Last Updated:

  • Address: 114-132 Chowan Dr, Portsmouth, VA 23701

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