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    4020 Victory Blvd Portsmouth, VA 23701

    Sponsored
    For Lease
    $20 SF/Yr

    Portsmouth, VA Shopping Center Space Available

    Lot size:
    72,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,500 square foot retail space is located within the vibrant Victory Crossing shopping center in Portsmouth, Virginia. Situated at 4020 Victory Boulevard, zip code 23701, this property offers immediate occupancy in a thriving retail environment. The space is part of a larger 72,800 square foot shopping center featuring a strong tenant mix, including established national retailers Ross Dress for Less and Five Below. This prime location provides excellent visibility and accessibility, ensuring high foot traffic and exposure for your business. The space is currently vacant and ready for immediate lease, presenting a unique opportunity for a variety of retail concepts. The minimum leasable space is 3,500 square feet, and the maximum contiguous space available is also 3,500 square feet. This makes it ideal for a single tenant seeking a prominent location within a successful shopping center. Victory Crossing is situated within the Portsmouth Retail submarket cluster, benefiting from strong demographics and a robust local economy. The property's address is easily accessible and offers ample parking for customers and employees. Don't miss this chance to establish your business in a high-traffic, well-established shopping center. Contact us today to schedule a viewing and learn more about this exciting opportunity.

    Property Features for 4020 Victory Blvd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    72,800 SF
    Total Rate
    121333.33

    Unit(s) available at that property

    Space
    Unit 11
    Size
    3,500 SF
    Rate per SF
    $20

    HighLights

    • New Rivers Casino Portsmouth directly adjacent to center.
    • Prime Portsmouth retail location.
    • Strong tenant mix including GameStop and ABC Store.
    • Pylon signage available on Victory Blvd and Airline Blvd.
    • High visibility from Victory Blvd and I‑264.
    • Excellent access and egress.
    Property Profile Location Intelligence

    Current Use by Public Records

    AMERICA’S BEST WINGS Chicken Wings Restaurant H&R Block Tax Preparation Service Nail Affair 2 Nail Salon Beauty Xpress Beauty Salon Victory African Hair ... Hairdresser

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.35563936
    Latitude
    36.81047328

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    FAQs

    What type of property is this?
    Lifestyle center - Portsmouth, VA Shopping Center Space Available
    Where is this lifestyle center located?
    The property is located at 4020 Victory Blvd Portsmouth, VA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: New Rivers Casino Portsmouth directly adjacent to center.; Prime Portsmouth retail location.; Strong tenant mix including GameStop and ABC Store.
    Request Owner's contact information
    4020 Victory Blvd Portsmouth, VA 23701
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    Portsmouth, VA 23701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4020 Victory Blvd Portsmouth, VA 23701
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