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3601 High St Portsmouth, VA 23707

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For Sale
Contact for pricing

High-street retail center, 100% leased.

Property size:
5,043 SF

Property Features for 3601 High St

General Information

Property type
Lifestyle centers
Square Feet
5,043 SF
Lot Size
19,166 SF

Building Details

Year Built
1961
Units
3

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Listing Contact
Martin Murden
Martin Murden

Listing Agency: S.L. Nusbaum Realty Co Listing Agent: Martin Murden

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a fully leased, three-tenant retail shopping center totaling 5,043 square feet, situated on a 0.44-acre lot in Portsmouth, Virginia. The property, located at 3601 High Street (and including 3603 & 3605), boasts a strong 8.00% capitalization rate and a Net Operating Income (NOI) of $87,509. Built in 1961 and zoned GMU, the center benefits from a triple-net (NNN) lease structure, minimizing landlord responsibilities. Tenants include a diverse mix of businesses, ensuring a stable income stream. The prominent location at a signalized intersection on High Street, a thoroughfare with 24,000 vehicles daily, provides excellent visibility and accessibility. Its proximity to I-264 and major retailers like Chick-fil-A, Walmart, Kroger, and T.J. Maxx further enhances its appeal. The property features pylon signage for maximum exposure and benefits from its location near the historic Bon Secours Maryview Medical Center, the U.S. Coast Guard Base, and the Norfolk Naval Shipyard. The asking price is $1,085,000. This is a rare opportunity to acquire a well-positioned, high-performing retail investment in a thriving market.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Portsmouth Cleaners (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Portsmouth
County
Portsmouth City
State
Virginia
Longitude
-76.347639262474
Latitude
36.835722978873

FAQs

What type of property is this?
Lifestyle center - High-street retail center, 100% leased.
Where is this lifestyle center located?
The property is located at 3601 High St Portsmouth, VA.
What is the asking price?
The asking price for this property is $1,085,000.
What are key features of this property?
This property features: Fully leased retail center.; Strong tenant mix including restaurant, tobacco/vape shop, and established dry cleaner (since 1998).; High-visibility pylon signage on High Street.
(757) 627-8611 Call to check price and availability
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