Warehouses for sale in Portsmouth, Virginia, offer a unique opportunity for investors to tap into the city's rich history and growing economy. As a prime location for businesses and industries, Portsmouth's warehouses provide a strategic advantage for companies looking to establish a strong presence in the region. With its proximity to the Elizabeth River and access to major transportation routes, including the Norfolk International Airport and Interstate 264, Portsmouth's warehouses are an attractive option for businesses seeking to expand their operations. The city's strong infrastructure, including the Norfolk Naval Shipyard and the Rivers Casino Portsmouth, also makes it an ideal location for companies involved in the tourism, arts, and culture sectors. Additionally, the presence of higher education institutions such as Old Dominion University and Tidewater Community College provides a skilled workforce, making Portsmouth an attractive location for businesses looking to establish a strong presence in the region.
Portsmouth's warehouses for sale offer a range of opportunities for investors, from small, flexible spaces to large, industrial facilities. With 2 warehouses available, investors can find the perfect property to suit their needs. In addition to warehouses, Portsmouth also offers a range of other property types, including industrial properties, land, residential income homes, and commercial real estate. The city's industrial properties, for example, offer a range of opportunities for businesses involved in manufacturing and logistics, while its land parcels provide a blank canvas for developers looking to build new projects. Residential income homes, on the other hand, offer a unique opportunity for investors to tap into the city's growing rental market, while commercial real estate provides a range of options for businesses looking to establish a presence in the city's downtown area. Overall, Portsmouth's warehouses for sale offer a unique opportunity for investors to tap into the city's growing economy and establish a strong presence in the region.
What are the key features investors look for in warehouses in Portsmouth?
When searching for warehouses in Portsmouth, investors typically look for properties that offer a strategic location, convenient access to major transportation routes, and a range of amenities to support their business operations.
- Proximity to major highways, such as Interstate 264 and Interstate 664, and transportation facilities like the Norfolk International Airport and the Port of Virginia, is a key consideration.
- Average cap rates of 8% and average prices per square foot of $152 USD are also important factors in the decision-making process.
- In addition, investors often prioritize warehouses with sizes ranging from 48,536 square feet to 124,000 square feet, which can accommodate a variety of business needs and operations.
What size warehouses are available to buy in Portsmouth?
Warehouses for sale in Portsmouth, Virginia, range in size from 48,536 square feet to 124,000 square feet, with an average price per square foot of $152 USD and an average cap rate of 8%, offering a variety of options for businesses and investors looking to establish a presence in this historic city.
How much does it cost to buy a warehouse in Portsmouth?
When it comes to buying a warehouse in Portsmouth, you can expect to pay an average of $152 USD per square foot, with available listings ranging from 2 options, featuring an average size of 48,536 square feet, and a maximum size of 124,000 square feet, all with an average cap rate of 8%.
