306 days on market
$635,000
4000 George Washington Hwy
Portsmouth, Virginia 23702
MLS# 10591879 · CRADOCK · Portsmouth VA
Updated Nov 18, 2025 · Source: REIN MLS
Est. payment
$3,923/mo
Edit below
Price / sq ft
$254
2,502 sq ft
Days on market
306
HOA
None
Year built
1976
50 yrs old
Beds
0
Full Baths
0
Half Baths
0
Sq Ft
2,502
Garage
No
About this home
Great opportunity to acquire a maintained commercial property w/a triple NNN lease. Long-term established corporate tenant ensuring income stability. Tenant is responsible for property taxes, insurance, & maintenance, providing the landlord w/passive income. The 2,502SF property is situated at a signalized intersection on a major artery with about 30,000 vpd providing visibility & customer access. PLEASE DO NO DISTUR…
This 2,502-square-foot commercial property in Portsmouth's Cradock neighborhood is listed at $635,000 ($254 per square foot) and features a triple net lease with an established corporate tenant, providing passive income with the tenant responsible for taxes, insurance, and maintenance. Located on George Washington Highway at a signalized intersection with approximately 30,000 vehicles per day, the property offers strong visibility and customer access on a major commercial corridor.
Summary generated by AI from public records and publicly available information.
Listed by Yvonne Wild · Swell Real Estate Co
Location & Neighborhood
Location & Street View
4000 George Washington HWY, Portsmouth
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Flood Risk
Property Details
Bedrooms
0
Full Baths
0
Half Baths
0
Approx Sq Ft
2,502
Stories
0
Fireplaces
0
Flooring
Concrete, Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Sale & Tax History
List Price
$635,000
Price / Sq Ft
$254
Annual Taxes
$5,311
Monthly Tax
$443
HOA
None
Tax Rate (effective)
0.84%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Jul 7, 2025 | $635,000 | — |
| Currently listed | — | $635,000 | — |
Public-Records Assessment
Source: Portsmouth via Hampton Roads Regional Parcels. Fetched May 11, 2026.
Total Assessed
$435,210
Land
$310,640
Improvement
$124,570
Parcel ID: 04640120 · View on city GIS portal
Looking for multi-year tax assessments or prior sales? REIN MLS only ships data for the current listing. For full property history, check the city assessor record:
Tax data above from REIN public-records sync. Sale timeline tracked from this listing's first appearance in our feed forward; prior owner sales are not included.
Comparable Properties
Comps are selected by city, bed count, square footage and price proximity. Composite similarity score weights bed match, sqft variance, price variance, and straight-line distance.
About buying in Portsmouth
Portsmouth combines historic naval heritage with affordable, character-rich neighborhoods. Olde Towne Portsmouth offers tree-lined streets of restored 18th- and 19th-century homes with sweeping Elizabeth River views — one of the largest collections of pre-Revolutionary architecture in the country. Churchland, Cradock, and West Park View provide established family neighborhoods at price points well below comparable Norfolk or Virginia Beach properties. The city is home to Norfolk Naval Shipyard, one of the Navy's oldest and largest, ensuring consistent demand from civilian shipyard workers and active-duty Navy personnel.
Military Commute
Drive times to nearest basesDrive times via Google Maps with current traffic patterns. Times are typical and may vary by time of day. Use the "Analyze" button up top to see live drive time to your saved base.
Estimate your monthly payment
$3,923/moPrincipal & interest
$3,295
Property tax
$443
Home insurance
$185
PMI
None
HOA
None
Estimate only. Insurance assumed at 0.35% of home value annually. Actual taxes, insurance, and rate will vary by lender, credit, and property. Contact a lender for a personalized quote.
Listed by Swell Real Estate Co · MLS# 10591879
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$635,000
4000 George Washington HWY, PORTSMOUTH VA 23702
Portsmouth, Virginia 23702
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