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Historic Retail Building for Redevelopment
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211-215 High Street, Portsmouth, VA 23704

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

Property Size33,800 SF
Price / SF$75
Days on Market52

Property Features for 211-215 High Street

General Information

Standard status Active
Size 33,800 SF
Class B
Property subtype Retail
Zoning D-1
Investment Type Redevelopment

Additional Details

Opportunity Zone Yes

Building Details

Year Built 1966
Buildings 1
Stories 2
Listing Agency: Cushman & Wakefield Thalhimer - Norfolk/Virginia Beach, Virginia
Listed By: Josh Fulton · License #VA
Source: Crexi
Added: Jun 22 Changed: Aug 10 Last Checked: Aug 11 at 6:39PM

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 Cushman & Wakefield Thalhimer - Norfolk/Virginia Beach, Virginia

Investment Insights

Based on property information with market context.

This for-sale property is a historic retail building totaling 33,800 SF and currently offered as a vacant facility, allowing for redevelopment without tenant displacement concerns. The building’s large floor plates provide flexible planning for a range of conversions and repositioning strategies, while its strong historic character and architectural features support adaptive reuse concepts.

The property is located in Olde Towne Portsmouth, described as a walkable downtown district. It has prominent frontage along High Street, positioned along Portsmouth’s primary commercial corridor, with proximity to municipal services and nearby dining, entertainment, and residential neighborhoods.

The building’s configuration and urban setting make it suitable for buyers considering mixed-use, multifamily conversion, hospitality, entertainment, office, retail, or other adaptive reuse projects, subject to applicable approvals. For investors and owner-operators focused on redevelopment, the opportunity zone designation noted in the remarks may be relevant for qualified plans. The offering is intended for immediate redevelopment to align with ongoing revitalization in the downtown waterfront area.

Key Highlights

  • Vacant historic retail building built in 1966, totaling 33,800 SF
  • Prominent High Street frontage on Portsmouth’s primary commercial corridor
  • Large floor plates offer flexibility for redevelopment and repositioning

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Auto Parts Store Electrical Service Garden Center Plumbing Service Furniture & Home Goods Florist

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

1,056
Businesses Nearby
Under-served
Demand for This Use

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 Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Storefront property - Vacant historic building with prominent High Street frontage and large floor plates for adaptive reuse and mixed-use concepts.
Where is this storefront property located?
The property is located at 211-215 High Street Portsmouth, VA.
What is the asking price?
The asking price for this property is $2,535,000.
What are key features of this property?
This property features: Vacant historic retail building built in 1966, totaling 33,800 SF; Prominent High Street frontage on Portsmouth’s primary commercial corridor; Large floor plates offer flexibility for redevelopment and repositioning
More about this property
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