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New-Buildout Retail Space
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316 High Street, Portsmouth, VA 23704

Street-level retail space with updated restrooms, HVAC, and kitchen improvements.

Space Size6,500 SF
Days on Market6

Property Features for 316 High Street

General Information

Standard status Active
Size 6,500 SF
Net Rentable 6,500 SF
Property subtype Retail

Space & Availability

Available Space 6,500 SF
Contiguous Space 6,500 SF

Amenities

bathrooms
HVAC
kitchen
Listed By: Sharon Holmstrom
Source: Cbre
Added: Sep 20 Last Checked: Sep 24 at 8:20AM

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.

Retail space at 316 High Street in Portsmouth, Virginia, featuring a 6,500-square-foot newly completed interior buildout. The property includes new bathrooms, HVAC, and kitchen improvements, providing a recently updated setting for retail use.

Key Highlights

  • 6,500 SF retail space
  • Newly completed interior buildout
  • New bathrooms and HVAC system

Property Analytics

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Current Use

Roger Brown's Restaurant ... Restaurant Rotary Club of Portsmouth, ... Community Center

Suggested Use

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Street-level retail space with updated restrooms, HVAC, and kitchen improvements.
Where is this retail space located?
The property is located at 316 High Street Portsmouth, VA.
What are key features of this property?
This property features: 6,500 SF retail space; Newly completed interior buildout; New bathrooms and HVAC system
More about this property
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