Listing Agency: Sands Investment Group Los Angeles

Listed By: Dan Hoogesteger · License #CA 01376759

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 20 at 9:15PM

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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 Sands Investment Group Los Angeles

Investment Insights

Based on property information with market context.

This offering presents a retail investment property for sale with a stated total size of 33,000 SF. The materials also reference a 7.74% CAP rate.

The property is located at 1503 London Blvd in Portsmouth, Virginia.

Details on the specific unit configuration, tenant status, and in-place operations are not provided in the information available here.

Key Highlights

• Retail property for sale with a stated size of 33,000 SF
• Stated 7.74% cap rate

Property Analytics

Current Use

Food Lion Grocery & Convenience Store Coinstar Kiosk | Bitcoin ... Atm Sharon Walsh Candle ... Home Decor Store Western Union Bank Big Dumpsters General Contractor

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Restaurant Spa & Massage Center Storage Facility

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

Location Intelligence

Trade Area within ½ mile

628

Businesses Nearby

Explore this area Business Placement

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 property offered for sale with a stated 33,000 SF size.

Where is this retail space located?

The property is located at 1503 London Blvd Portsmouth, VA.

What are key features of this property?

This property features: Retail property for sale with a stated size of 33,000 SF; Stated 7.74% cap rate