400 Broad Street, Central Portsmouth, VA 23707

Property Description

Discover the possibilities in this 7949-square foot mixed-used building in the Port Norfolk section of Portsmouth. Featuring (3) one-bedroom and (1) two-bedroom renovated apartments upstairs along with a large, shared laundry room and three commercial spaces downstairs, this property offers opportunities for the investors and business owners alike. Property highlights: 7949 SF historic mixed-use asset; Built 1922 - Fully modernized; Two-Story structure plus 4 residential units. Capital Improvements: Over $550K in completed renovations, new electrical, plumbing, HVAC and more, restored brick facade, new storefronts, and concrete pad, new roof, framing, bathrooms, ceilings, ALL WORK PERMITTED AND APPROVED BY HISTORICAL SOICETY. With residential and commercial space under one roof, this versatile property offers multiple potential income streams and room to bring your plans to life. Qualifies for cost segregation and bonus depreciation. Schedule your showing and explore the possibilities.