Office Properties in Portsmouth, Virginia offer a unique opportunity for investors to tap into the city's rich history, cultural attractions, and strong economic sectors. With 6 available listings, Office Properties in Portsmouth present a diverse range of investment options, from historic buildings to modern facilities. These properties can represent a variety of investments, including commercial real estate, office spaces, and mixed-use developments. Portsmouth's strategic location, with its proximity to the Elizabeth River and access to major transportation infrastructure, makes it an attractive location for businesses and entrepreneurs. The city's amenities, such as the Olde Towne Business and Historical District, Portsmouth City Park, and the Rivers Casino Portsmouth, also contribute to its appeal. Additionally, the presence of institutions like Old Dominion University and Tidewater Community College provides a skilled workforce and a strong educational foundation. With its unique blend of history, culture, and economic activity, Portsmouth is an excellent place to invest in Office Properties.
Portsmouth's Office Properties are part of a larger real estate market that includes 6 available listings. The city's Commercial Real Estate market offers a range of properties, from retail spaces to industrial facilities, that cater to various business needs. Apartment Buildings in Portsmouth provide a range of residential options, from luxury apartments to affordable housing. Shopping Centers in Portsmouth offer a mix of retail and dining experiences, while Hotels in the city provide accommodations for visitors and business travelers. With its diverse range of property types and strong economic sectors, Portsmouth is an attractive location for investors and businesses alike. The city's unique character, with its historic districts and cultural attractions, makes it an excellent place to invest in Office Properties and other real estate opportunities.
What is the average price per square foot for office properties in Portsmouth?
The average price per square foot for office properties in Portsmouth is $139 USD per square foot, with an average size of 13,332 square feet and a largest size of 42,000 square feet, among the 6 available listings.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Portsmouth, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically modern, high-rise buildings with premium finishes, advanced technology, and prime locations, often appealing to high-end tenants and commanding higher rental rates.
- Class B office properties are mid-range buildings with standard finishes, adequate amenities, and convenient locations, suitable for a broad range of tenants and offering a balance between quality and affordability.
- Class C office properties are older, functional buildings with basic finishes, limited amenities, and less desirable locations, often appealing to budget-conscious tenants and requiring renovation or redevelopment.
