Listed by Riddle Associates, Inc.
$1,880,000
309 County Street
Details
Property Type Office
Sub Type Traditional Office
Square Footage 15,524
Units 5
Cap Rate 8.00%
NOI $157,995
Tenancy Single
Class B
Year Built 1986
Stories 2
Acreage 0.990
Zoning T6 (Mixed Unit Development)
Investment Type Stabilized
Office | 8.00% CAP | 15,524 SqFt
Marketing description
Riddle Associates is pleased to offer the opportunity to acquire 309 County St, Portsmouth, VA. A Fully Leased 2-Story Class B office building in the heart of Downtown Portsmouth.
This well maintained asset offers strong in-place income, a strong national and local tenant mix, recent capital improvements, and walkable access to restaurants, waterfront attractions, the locally famous Portsmouth Ferry, and convenient proximity to I-264 and I-464.
Adjacent properties are owned and occupied by the City of Portsmouth.
Investment highlights
- Sale Price: $1,880,000
- Building Size: 15,524
- Land: 0.99ac/ 43,124sf
- Year Built: 1986
- Zoning: T6 ( Mixed Unit Development)
- NOI: $157,995
- Cap Rate: 8%
- Building Suites: Fully Leased (5 total suites)
- Please note- Do not disturb Tenants.
Listing Contacts
Listed by Riddle Associates, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$157,995.00
$13,166.25/mo
Valuation Metrics
0
DSCR
8.4%
Cap Rate
8.4%
ROI
Map
Zoning
T6 MixedMixed UseUrban Core
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View all 165 uses Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics
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