Portsmouth, VA Commercial Real Estate for Sale

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45 properties

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Updated: Aug 17

Three-Bay Auto Repair Shop

1205 Airline Boulevard, Portsmouth, VA 23707

$625,000

2,330 sqft 0.23 AC lot

2,330‑square‑foot automotive repair facility
Three service bays with equipment included
Automobile repair business established for over 40 years
0.23‑acre site in Portsmouth, VA
C‑2 zoning

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Updated: Apr 24

Operating Gas Station & Convenience Store

2910 Victory Boulevard, Portsmouth, VA 23702

$699,000

1,600 sqft 0.35 AC lot

Operating gas station and convenience store open daily
1,600 square feet on a 0.35‑acre site
Approximately 20,000 vehicles in average daily traffic
Approximately one mile from Rivers Casino
IL zoning at 2910 Victory Boulevard

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Flexible Two-Level Workspace

351 Maryland Avenue, Portsmouth, VA 23704

$150,000

4,928 sqft 0.13 AC lot

Workshop-oriented property with separate upper-level entry, rear office, and off-street parking.

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Three-Bay Auto Repair Shop

1205 Airline Boulevard, Portsmouth, VA 23707

$625,000

2,330 sqft 0.25 AC lot

C-2-zoned automotive facility with included repair equipment and an established operating history.

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Equipped Full-Service Restaurant

2900 Airline Boulevard, Portsmouth, VA 23701

$246,000

6,080 sqft 1.21 AC lot

Established restaurant business with dine-in and takeout operations, commercial kitchen equipment, and a private dining room.

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Salon Suites Business

3276 Academy Avenue, Portsmouth, VA 23703

$105,000

2,700 sqft

Fully built-out space supports independent beauty professionals under a suite-rental operating model.

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32-Bed Assisted Living Facility

3736 Turnpike Road, Portsmouth, VA 23701

$750,000

8,583 sqft 0.80 AC lot

Approved assisted living property with forced-air heating on a corner parcel in Portsmouth.

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Leased Retail Strip Center

3601, 3603 & 3605 High Street, Portsmouth, VA 23707

$1,085,000

5,043 sqft 0.44 AC lot

Fully leased retail strip center in Portsmouth, Virginia.

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Retail Space with Equipment

1124 London Boulevard, Portsmouth, VA 23704

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1,100 sqft 3.48 AC lot

Existing nail shop configuration with central air and negotiable lease terms.

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Waterfront Commercial Land

2301 Frederick Boulevard, Portsmouth, VA 23704

$135,000

IN-zoned waterfront parcel with an existing driveway and concrete slabs from prior structures.

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Fully Equipped Restaurant

2900 Airline Boulevard, Portsmouth, VA 23701

$246,000

6,080 sqft

Established dine-in and takeout operation with a complete commercial kitchen package and furnishings included.

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Waterfront Commercial Land

1403 Pulaski Street, Portsmouth, VA 23704

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0.06 AC lot

Vacant waterfront parcel with UR zoning and immediate proximity to I-264.

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Flex Space with Fenced Yard

1400 London Boulevard, Portsmouth, VA 23704

$1,700,000

18,076 sqft 1.09 AC lot

Two-story offices accompany a high-clearance shop and warehouse area with loading access, substantial power, and a rear yard.

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Historic Mixed-Use Property

422 Crawford St, Portsmouth, VA 23704

$675,000

5,326 sqft

Greek Revival architecture combines preserved character with infrastructure for residential, professional, and event-oriented use.

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Flex Space with Workshop Features

351 Maryland Ave, Portsmouth, VA 23704

$150,000

4,928 sqft

Two-level building with office space, storage areas, separate access, and off-street parking.

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Salon Suites Business

3276 Academy Ave, Portsmouth, VA 23703

$105,000

2,700 sqft

Built-out salon suite operation with a rental model for independent beauty professionals.

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Nail Shop Retail Space

1124 London Boulevard, Portsmouth, VA 23704

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1,100 sqft

Existing nail shop with equipment conveyed as-is and negotiable lease terms.

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Three-Story Office Building

1040 University Boulevard, Portsmouth, VA 23703

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59,878 sqft

Built in 2007, the property offers a multi-floor office environment with medical, government, and private-sector tenancy.

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Commercial Development Land Parcel

1481 Effingham Street, Portsmouth, VA 23704

$300,000

2.20 AC lot

Highly visible 2.2-acre site with direct I-264 on/off access along a high-traffic corridor.

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Office Building with Fenced Yard

3400 Airline Boulevard, Portsmouth, VA 23701

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3,648 sqft

Fenced parking and yard support practical on-site storage and parking for an owner-operator or small business.

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Two-Story Class B Office Building

309 County Street, Portsmouth, VA 23704

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15,524 sqft

Fully leased office property in downtown Portsmouth with T6 mixed-unit development zoning and access to nearby waterfront amenities.

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Historic Retail Building for Redevelopment

211-215 High Street, Portsmouth, VA 23704

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33,800 sqft

Vacant historic building with prominent High Street frontage and large floor plates for adaptive reuse and mixed-use concepts.

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M1-Zoned Flex Space Building

4025 Seaboard Ct, Portsmouth, VA 23701

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58,800 sqft

Flex space building in Portsmouth, zoned M1, built in 2007 and fully occupied with versatile unit configurations.

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Light Industrial Flex Property

3303 Airline Boulevard, Portsmouth, VA 23701

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3,015 sqft

A 2002-built flex/industrial property in an M-1 light industrial zoning district.

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Portsmouth, VA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Portsmouth, VA, showcased through 45 active listings on our real estate platform. These investment opportunities span a total of 495,735 square feet of properties for sale, with an estimated market value of $10,096,000.

Sale prices for business properties in Portsmouth, VA start at $105,000, averaging $593,882, and reaching up to $2,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 97K

Population Growth (5Y) -6.7%

Median Household Income $59,342

College Educated 29.1%

High-Yield Neighborhoods for Investment

Identify Portsmouth submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
23703	$105K
23701	$398K
23704	$486.3K
23702	$699K
23707	$872K

Taxes & Financing

Tax Rate (average for all types) 1.27%

Property Tax per SF $16.32 per SF

Tax Rate vs County Average 0.09 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Portsmouth city

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Portsmouth city

Retail

Property Size Breakdown

The majority of commercial real estate listings in Portsmouth fall within the 100,000+ square foot range.

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