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Retail Space in Power Center
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4101 Portsmouth Blvd, Chesapeake, VA 23321

Join a Best Buy, Ross, Old Navy, and ALDI-anchored destination with signalized access to I-664.

Property Size2,433 SF
Days on Market59

Property Features for 4101 Portsmouth Blvd

General Information

Standard status Active
Size 2,433 SF
Property subtype RETAIL

Additional Details

Highway Access Yes

Building Details

Tenancy Multi
Listing Agency: Divaris Real Estate - Hampton Roads
Listed By: Levi Thomson
Source: Moodyscre
Added: Jun 4 Changed: Jul 10 Last Checked: Jul 21 at 6:31AM

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 Divaris Real Estate - Hampton Roads

Investment Insights

Based on property information with market context.

Chesapeake Commons is a Best Buy, Ross Dress for Less, Old Navy, and ALDI-anchored regional power center offering retail space for tenants looking to operate within a national-brand environment.

The center is located at the signalized intersection of Portsmouth Boulevard and Taylor Road, with immediate access to Interstate 664 in Chesapeake, Virginia. It serves the Western Branch and Northern Suffolk trade areas and is positioned to benefit from strong traffic and visibility. Across Portsmouth Boulevard, the former Chesapeake Square Mall is undergoing a large-scale reinvestment expected to introduce new retail and residential density, while the City is implementing roadway and streetscape improvements near the I-664 interchange to enhance access and circulation. Surrounding the center is more than 2 million square feet of retail, along with continued residential growth.

This location is well suited for retailers that want to be among established anchors and to draw consistent customer visits from a major shopping corridor. With signalized intersection access and direct ties to I-664, the center supports convenient drive-to shopping and straightforward customer routing for day-to-day retail operations.

Key Highlights

  • Chesapeake Commons is an anchored regional power center featuring Best Buy, Ross Dress for Less, Old Navy, and ALDI
  • Located at the signalized intersection of Portsmouth Boulevard and Taylor Road with immediate access to Interstate 664 in Chesapeake, VA
  • Serves the Western Branch and Northern Suffolk trade areas

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Auto Repair Shop

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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

732
Businesses Nearby
740k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 32% Superstores 18% Shops & Services 17% Groceries 9%
Target Superstores
96,168 visits/mo 0.3 miles
Chick-fil-A Dining
55,047 visits/mo 0.3 miles
BJ's Wholesale Club Superstores
38,209 visits/mo 0.3 miles
The Home Depot Home Improvements & Furnishings
37,459 visits/mo 0.3 miles
Food Lion Grocery Store Groceries
32,387 visits/mo 0.2 miles

Demographics for 23321, VA

37,752
Population
14,836
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
95%
High-School Grad
26.7 sq mi
ZIP Area
1,414
Density / Sq Mi
$98,257
Median Household Income
$51,133
Median Earnings
$1,434
Median Rent
$352,000
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
Rey
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Similar Off Market Nearby

  • Chesapeake Square — 4200 Portsmouth Blvd, Chesapeake, VA 23321
  • Chesapeake Center — 4300 Portsmouth Blvd, Chesapeake, VA 23321
  • The Crossroads at Chesapeake Square — 4107 Portsmouth Blvd, Chesapeake, VA 23321
  • Stonebridge Plaza — 3916 Portsmouth Blvd, Chesapeake, VA 23321
  • Chesapeake Center — Chesapeake, VA 23321

Frequently Asked Questions

What type of property is this?
Shopping center - Join a Best Buy, Ross, Old Navy, and ALDI-anchored destination with signalized access to I-664.
Where is this shopping center located?
The property is located at 4101 Portsmouth Blvd Chesapeake, VA.
What are key features of this property?
This property features: Chesapeake Commons is an anchored regional power center featuring Best Buy, Ross Dress for Less, Old Navy, and ALDI; Located at the signalized intersection of Portsmouth Boulevard and Taylor Road with immediate access to Interstate 664 in Chesapeake, VA; Serves the Western Branch and Northern Suffolk trade areas
(757) 675-9132 Call to check price and availability
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