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$1,400,000
Est. payment /mo
6,400 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 6,400 sqft
Price per Sqft $218
Subdivision Downtown Area
MLS Listing ID 10628934
HOA Y/N No
Year Built 1905
Annual Tax Amount $13,544
Lot Size 1,254 Sqft
Property Sub-Type Condo
Property Description
Stabilized, turnkey investment in a proven location. Prime investment opportunity in downtown Norfolk's historic district with a long-term tenant already in place. This offering includes the commercial portion of the condominium encompassing the first two floors of the Historic Portlock Building, featuring a spacious two-story restaurant and bar with an additional mezzanine level. One of the largest restaurant footprints in the area, complete with an extensive tap system, the property is well-positioned for sustained tenant success. Investors benefit from immediate income with future upside potential through rent growth and continued demand in this high-traffic, centrally located corridor.
Location
State VA
County Norfolk
Area 11 - West Norfolk
Zoning D-3
Interior
Heating Forced Hot Air, Other
Cooling Central Air, Other
Flooring Hardwood, Tile
Exterior
Parking Features Street
Utilities Available City Sewer, City Water, Electric, Gas, Telephone Avail
Roof Type Other
Building
Foundation Basement, Slab
Others
Senior Community No
Ownership Condo
Disclosures Historical District
Special Listing Condition Historical District
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Listed by Atlantic Sothebys Int'l Realty
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Davina Hughes
Team Lead