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    326 High St Portsmouth, VA 23704

    Sponsored
    For Sale
    $850,000

    Portsmouth, VA: Prime Retail Space

    Property size:
    10,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,040-square-foot retail storefront at 326 High Street in Portsmouth, Virginia, presents a lucrative investment opportunity. Located in a thriving area with over 270,000 people within a five-mile radius, this property boasts 82 feet of prime frontage on historic High Street, ensuring high visibility. The building is situated next to Roger Brown's Restaurant & Sports Bar and TCC's Visual Arts Center, creating a synergistic environment. Convenient access to I-264 and ample parking, including 10-15 surface spaces at the rear and proximity to a city parking garage, further enhance its appeal. The property is currently 100% occupied under a NNN lease, offering a stable income stream. The asking price is $850,000, translating to $84.66 per square foot. This single-tenant retail space is ideal for businesses seeking a high-traffic location in a vibrant community with a strong demographic profile of high-income households. The property's location within an Enterprise Zone may offer additional tax benefits. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a desirable market.

    Property Features for 326 High St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,040 SF

    HighLights

    • 10,040 SF of retail space in Portsmouth's central business district, adjacent to Roger Brown's and TCC's Visual Arts Center.
    • 82 feet of High Street frontage in an Enterprise Zone.
    • 10‑15 surface parking spaces on‑site, plus nearby city parking.
    • Less than 0.25 miles to I‑264.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service Dollar General 8285 ... Electronics Vending Machine

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    City of Portsmouth
    State
    Virginia
    Longitude
    -76.3002681
    Latitude
    36.8355984

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    FAQs

    What type of property is this?
    Individual retail property - Portsmouth, VA: Prime Retail Space
    Where is this individual retail property located?
    The property is located at 326 High St Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 10,040 SF of retail space in Portsmouth's central business district, adjacent to Roger Brown's and TCC's Visual Arts Center.; 82 feet of High Street frontage in an Enterprise Zone.; 10-15 surface parking spaces on-site, plus nearby city parking.
    Request Owner's contact information
    326 High St Portsmouth, VA 23704
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    Portsmouth, VA 23704
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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
    326 High St Portsmouth, VA 23704
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