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Flex Development Near Interstate I-664
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1050 University Blvd, Portsmouth, VA

Proposed flex development with dock and grade loading near I-664.

Property Size12,000 SF
Lot Size11.09 Acres
Days on Market748

Property Features for 1050 University Blvd

General Information

Standard status Active
Size 12,000 SF
Lot size 11.09 Acres
Property subtype INDUSTRIAL
Listing Agency: Colliers | Norfolk
Listed By: Chamie Burroughs · License #0225181900
Source: Moodyscre
Added: Jul 15, 2024 Changed: Jul 6 Last Checked: Jul 21 at 6:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Norfolk

Investment Insights

Based on property information with market context.

This proposed flex development consists of five buildings situated on 7.34 acres. The property is located just over the Suffolk/Portsmouth city line, offering convenient access to I-664 and State Route 164 via College Drive. Interstate signage is available. The location provides close proximity to fitness centers, restaurants, hotels, and shopping in the Harbour View submarket. The available space ranges from approximately 12,000 to 24,000 square feet. The property includes a fenced outside storage area, dock and grade loading capabilities, two 12'x14' grade level doors, and one 12'x10' dock level door. It features 3-phase, 400A power, a clear span, and ceiling heights of 26' peak and 23' eave. The zoning is GMU (General Mixed Use). There is a 750 RSF office space with two restrooms.

Key Highlights

  • Strategic location near I‑664 and State Route 164, providing excellent accessibility.
  • Flexible space options ranging from ±12,000 to 24,000 SF.
  • Dock and grade level loading capabilities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

658
Businesses Nearby
Under-served
Demand for This Use

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Proposed flex development with dock and grade loading near I-664.
Where is this flex space located?
The property is located at 1050 University Blvd Portsmouth, VA.
What are key features of this property?
This property features: Strategic location near I‑664 and State Route 164, providing excellent accessibility.; Flexible space options ranging from ±12,000 to 24,000 SF.; Dock and grade level loading capabilities.
(757) 217-1892 Call to check price and availability
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