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Downtown Portsmouth Retail Space Available
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309 High Street, Portsmouth, VA 23704

Retail space in historic downtown Portsmouth with original high ceilings.

Space SizeContact for details
Days on Market146

Property Features for 309 High Street

General Information

Standard status Active
Property subtype Retail
Listed By: Sharon Holmstrom
Source: Cbre
Added: Apr 15 Changed: Aug 13 Last Checked: Sep 7 at 4:55AM

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 Sharon Holmstrom

Investment Insights

Based on property information with market context.

This retail space, offering 600 square feet, is situated in a historical redevelopment in the heart of downtown Portsmouth. The space features original 16-foot ceilings. Twelve apartments are located directly above the retail space.

Key Highlights

  • Historical redevelopment in downtown Portsmouth
  • Retail space in a prime location
  • Original 16’ ceilings

Property Analytics

Current Use

Holy Temple Ministries Church Village Thrift of Olde ... Discount Store

Suggested Use

Top Pick Garden Center Electrical Service Auto Parts Store Plumbing Service Florist (Bike/Boat/Book/etc) 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

1,225
Businesses Nearby
51k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 74% Hotels & Casinos 16% Dining 8% Leisure 2%
Wawa Shops & Services
29,586 visits/mo 0.4 miles
Renaissance Portsmouth-Norfolk Waterfront Hotel Hotels & Casinos
8,301 visits/mo 0.3 miles
Navy Federal Credit Union Shops & Services
8,031 visits/mo 0.1 miles
Jimmy John's Dining
3,162 visits/mo 0.1 miles
Freedom Boat Club Leisure
1,110 visits/mo 0.4 miles

Demographics for 23704, VA

19,505
Population
9,538
Households
2
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
4.5 sq mi
ZIP Area
4,334
Density / Sq Mi
$44,739
Median Household Income
$34,488
Median Earnings
$1,279
Median Rent
$197,400
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space in historic downtown Portsmouth with original high ceilings.
Where is this retail space located?
The property is located at 309 High Street Portsmouth, VA.
What are key features of this property?
This property features: Historical redevelopment in downtown Portsmouth; Retail space in a prime location; Original 16’ ceilings
More about this property
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