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    714 King St Portsmouth, VA 23704

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    For Lease
    Contact for pricing

    Retail space with high traffic and customer potential.

    Property size:
    10,922 SF
    Lot size:
    1.32 Acres

    Property Features for 714 King St

    General Information

    Size
    10,922 SF
    Lot size
    1.32 Acres

    Source: The Breeden Company Agent Mark Pendleton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Downtown Portsmouth

    This retail space benefits from strong traffic counts, with over 65,000 cars per day at the intersection of High Street and Effingham Street. It is situated in downtown Portsmouth, near major employers such as the Naval Shipyard, employing 10,000 individuals, and the Naval Medical Center, with 6,700 employees. Key downtown attractions in the vicinity include the Atlantic Union Pavilion, Virginia Sports Hall of Fame, Children’s Museum of Virginia, and the Commodore Theater. The property is located within an area that includes 908 apartments in downtown Portsmouth, with 69 units directly above the Shoppes. The location benefits from a substantial customer base, with over 118,000 potential customers residing within a three-mile radius. The average family income in Olde Towne and Downtown exceeds $67,000. The property offers 10,922 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Cooper's Home Solutions Construction Company Montgomery Square Apartment Rental Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth
    State
    Virginia
    Longitude
    -76.3062117
    Latitude
    36.8346003

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    FAQs

    What type of property is this?
    Retail space - Retail space with high traffic and customer potential.
    Where is this retail space located?
    The property is located at 714 King St Portsmouth, VA.
    What are key features of this property?
    This property features: - High traffic count: Over 65,000 cars pass by daily at the intersection.; - Proximity to major employers: Located near the Naval Shipyard (10,000 employees) and Naval Medical Center (6,700 employees).; - High residential density: Benefit from 908 apartments in Downtown Portsmouth, including 69 units directly above the Shoppes.
    (757) 486-1000
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    714 King St Portsmouth, VA 23704
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    Portsmouth, VA 23704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    714 King St Portsmouth, VA 23704
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