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300 Wythe St

15,611 SF Industrial Building Portsmouth, VA 23704 $1,800,000 ($115/SF)

Investment Highlights

  • Great Infrastructure: 3 Phase, 600 V, 10-12 in. Concrete Floors, 3 Loading docks, Refrigerated/Frozen
  • 2,000 SF addition in 2014. $1.2 M interior retrofit, electric and plumbing upgrades, 2016.
  • Direct Access to I-264 and Port of Virginia

Executive Summary

Key Highlights:
Size: 1.6acre, 15,611 SF facility designed for refrigerated/frozen food processing.
Location: Strategically positioned near the Port of Virginia and adjacent to I-264, ensuring seamless transportation and distribution logistics.
Infrastructure: Features three loading doors, 10-12 inch concrete floors, 3 phase 600 V, and certified 9 feet above the flood plain
Recent Upgrades: Includes a 2,000 SF addition completed in 2014 and a $1.2 million interior retrofit in 2016.
Versatility: Recently reduced by $400,000 to $1.8 million, offering exceptional value for conversion to storage or manufacturing, in addition to food processing.

Property Facts

Price $1,800,000
Price Per SF $115
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Food Processing
  • Industrial Refrigeration ColdStorage
Building Class C
Lot Size 1.66 AC
Rentable Building Area 15,611 SF
No. Stories 1
Year Built 1982
Tenancy Single
Parking Ratio 2.18/1,000 SF
Clear Ceiling Height 16 FT
No. Dock-High Doors/Loading 3
Opportunity Zone Yes

Amenities

  • Floor Drains
  • Freezer (Space)
  • Storage Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0009-0010
Land Assessment
$307,990
Improvements Assessment
$1,358,940
Total Assessment
$1,666,930

zoning

Zoning Code IN-SD
IN-SD
  • Listing ID: 31269026

  • Date on Market: 3/19/2024

  • Last Updated:

  • Address: 300 Wythe St, Portsmouth, VA 23704

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