1420 Chestnut Street
Portsmouth, VA, 23704
$2,500,000
- 6,359sq ft
- 2.71acres
- 2003year built
- 19days on market
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How we figured this
ZERO Closing Costs covers origination $1,300, appraisal $500, title & settlement $1,220, owner’s title insurance $8,880 and credit, flood & data fees $160, priced for Portsmouth, VA with 20% down. The Realty Purchase Credit is 0.5% of the price when you buy with a CapCenter REALTOR® and finance with us, up to 3% of the price less $5,000. The 1% List fee applies when you buy and sell with us within a year (1.5% to list only, $3,000 minimum), compared with a typical 3%. Government taxes and recording fees are not included. Restrictions apply.
Hope Foster, REALTOR®
Your CapCenter agent · 757-274-1537
Questions? Call (804) 648-4357
About this home
- Central air
Income producing property. Current owner is interested in a sale-leaseback transaction. The income comes from the office buildings plus a 65 space parking lot for big rigs. The owner is prepared to rent the office space for $112,970 per year and the current income from parking revenue is $132,000 per year. Excellent investment opportunity or a Section 1031 Exchange. Property is located close to the port and has been used for parking big rigs for many years. A 6-foot fence surrounds this rear parking lot and is accessed 24/7 by a remote control gate. Owner has been operating a business in this location for the past ten years.
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Location
Property details
Important details
- Status
- Active
- Date listed
- 10/16/2026
- Time on Market
- 19 days
- Property Type
- Commercial Sale
- List Price
- $2,500,000
- Price/Sq. Ft
- $393
- Living area
- 6,359 sq. feet
- Lot Size
- 2.708 acres
- Year Built
- 2003
- County
- Portsmouth
- Community
- ALL OTHERS AREA 21
Interior details
- Heating
- Forced Air, Zoned
- Cooling
- Central Air, Zoned
Building & lot
Building
- Stories
- 1
- Living Area
- 6,359 sq ft
- Property Type
- Commercial Sale
- Year Built
- 2003
- Roof
- Metal
- Construction
- Brick, Other
Lot Info
- Lot Size
- 2.708 acres
Exterior Features
- Pool
- No
Parking
- Garage
- No
Ownership
Community details
School Districts
Utilities
- Sewer
- Public Sewer
- Water
- Public
Neighborhood
- Subdivision
- ALL OTHERS AREA 21
- Zoning
- IL
Taxes & Assessment
- Annual Tax
- $14,099
Listing information
Realty Agent
Listing Details
- MLS System
- REIN
- MLS ID
- 10658206
- MLS Status
- Active
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