List Search

7319 Martin St
Gloucester, VA 23061

$228,000 USD

Office Condo For Sale  •  1,265 SF

Property Details

  • Property Type Office
  • Total Building Size 5,000 SF
  • Lot Size 0.27 AC
  • Building Class B
  • Year Built 2005
  • Cap Rate 9.99 %
  • Tenancy Multiple
  • Zoning B-2
0 Transit Score
56 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 5 Office 1,265 SF $228,000 USD
  • Unit Size: 1,265 SF
  • Condo Use: Office
  • Price: $228,000 USD
  • Sale Type: Investment
  • Price/SF: $180.24 USD
Description
EXCELLENT INVESTMENT OPPORTUNITY!  Fully rented 1,265 SF condo Unit with minimal Landlord responsibilities.    NNN lease in place with credit tenant (Sentara Hospital).

Unit #5 located in the desirable Heritage House Office Building.  Walking distance to Gloucester Courthouse.  Building and Unit are in excellent Condition.  Exterior building renovated in 2025.  Unit #5 HVAC replaced in 2021 and interior repainted in 2023.

Sale Notes
Unit 5 - 1,265 SF Currently leased to credit tenant, (Sentara Hospital).

Description

The Heritage House office building is centrally located in Gloucester Courthouse District. Convenient to all services, i.e.: Restaurants, Shops, Professional District, Riverside Medical Center. Perfect to provide services to the peninsula and middle peninsula.

Highlights

Gloucester Courthouse District
Convenient to Shops,. Services, and Professional District

Property Flyers

Financial Summary

Cap Rate: 9.99 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Alistair J Ramsay
Chesapeake Counseling Associates, PC
Haley Real Estate
HKJ Llc
Sentara Life Care Corp
Tim Byrd & Associates Inc

Amenities

  • Signage
  • Skylights
  • Air Conditioning
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Newport News/Williamsburg International 38 min - 23.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 24
Type: Surface
Included in Rent: Yes
James Kourmadas 708-476-1995 Coldwell Banker Commercial/BRE
James Kourmadas 708-476-1995 Coldwell Banker Commercial/BRE