Improved 12,268+/- sf Commercial Building Portsmouth, VA

Property Location MAP

1820 Elm Avenue
Portsmouth, VA 23704

Property #: FX1931

Preview Times


By Appointment

Contact Agent

Jeff Stein
Tranzon Fox

703-539-8111 jstein@tranzon.com

Documents

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Improved 12,268+/- sf Commercial Building on Main Road in Portsmouth, VA. Tax assessed for $579,590. Located within one mile of Interstate I-264 near the eastern part of central Portsmouth and approxiamately one mile southwest of the Downtown Business District. This building sits on a 30,056+/- sf site and perfect uses can include retail, storage or service.

Building has had many updates totaling $434,675. See detailed list of improvements in property information packet. Complete the property to suit your needs! All new exterior brick, doors, windows, electrical and much more making this the perfect buy for you. Zoned Neighborhood Mixed Use (NMU) which includes personal service uses, restaurants and retail. See detailed zoning in property information packet.

Close to proposed Waterfront Improvements by developer Armada Hoffler. Plans are to reshape/invigorate Downtown Portsmouth by developing the city's waterfront and make a new city hall building which makes this a great investment.

VAAF423

Directions:

From I-264W take exit 7 towards Naval Hospital, Naval Ship. Keep left toward Effingham St then turn right onto Effingham St then left onto South St then left onto Elm Ave and the destination is 0.4 miles on your right.

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Jeff Stein

Jeff Stein: Tranzon Fox

703-539-8111 jstein@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyers Premium: 10% Buyers Premium based on the high bid.
  • Closing: 30-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: 10% deposit due within 48 hours of being notified that you are the successful high bidder.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

See terms and conditions in the property information package.

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