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211-215 High Street
Portsmouth, VA 23704
Asking Price
$2.54M
Asset Type
Storefront Retail
Class
Class B
What's Special
33,800 SF Prime Redevelopment Opportunity in Olde Towne Portsmouth <ul><li>±33,800 SF Historic Retail Building located in the heart of Olde Towne Portsmouth, one of Virginia's most established and walkable downtown districts</li><li>Prime Redevelopment Opportunity ideal for mixed-use, multifamily conversion, hospitality, entertainment, office, retail, or adaptive reuse concepts</li><li>Prominent High Street Frontage with exceptional visibility along Portsmouth's primary commercial corridor</li><li>Strategic Downtown Location surrounded by restaurants, brewe
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NOI
$80,000
Cap Rate
3.16%
DSCR
0.53
Underwater
Cash-on-Cash
-9.27%
Monthly Payment
$12,541.797
Annual Cash Flow
$-70,501.562
