Industrial Properties for sale in Portsmouth, Virginia offer a unique investment opportunity in a city with a rich history and strong economic growth. As a prime location for businesses, Industrial Properties in Portsmouth provide a range of investment options, from warehouses and manufacturing facilities to distribution centers and research and development spaces. With its strategic location near the Elizabeth River and access to major transportation routes, including the Norfolk International Airport and Interstate 264, Portsmouth is an attractive location for businesses looking to establish a strong presence in the region. The city's strong infrastructure, including the Norfolk Naval Shipyard and the Rivers Casino Portsmouth, also makes it an ideal location for industries such as tourism, arts, and culture. Additionally, the city's educational institutions, including Old Dominion University and Tidewater Community College, provide a skilled workforce, making it an attractive location for businesses looking to invest in the area.
Portsmouth's Industrial Properties for sale offer a range of benefits, including access to a skilled workforce, a strong transportation network, and a growing economy. With 5 Industrial Properties for sale, investors have a range of options to choose from, each with its own unique characteristics and benefits. In addition to Industrial Properties, Portsmouth also offers a range of other property types, including Warehouses, with their large storage spaces and convenient locations; Land, perfect for development or investment; Apartment Buildings, providing a steady income stream; and Commercial Real Estate, offering a range of office and retail spaces. With its strong economy and growing population of around 100,000, Portsmouth is an attractive location for businesses and investors alike. Overall, Industrial Properties for sale in Portsmouth offer a unique investment opportunity in a city with a strong economy and a range of benefits for businesses and investors.
What is the average price per square foot for industrial properties in Portsmouth?
The average price per square foot for industrial properties in Portsmouth is $130 USD.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Portsmouth, with proximity to major transportation facilities, highways, and waterways increasing property values due to the ease of goods transportation and logistics.
- Industrial properties near the Norfolk International Airport, Interstate 264, and Interstate 664, as well as those with access to the Elizabeth River, tend to have higher values due to their connectivity to regional and national markets.
- In addition, properties located near the Norfolk Naval Shipyard, a major employer in the area, may also command higher values due to their proximity to a significant economic driver.
- Furthermore, the availability of public transportation options, such as the regional bus service provided by Hampton Roads Transit, can also impact industrial property values by providing employees with convenient access to work sites.
