Listing Agency: Harvey Lindsay Commercial Real Estate

Listed By: A'Daye Brown · License #VA

Source: Crexi

Added: Mar 4, 2025 Changed: Jul 6 Last Checked: Aug 5 at 3:57AM

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Investment Insights

Based on property information with market context.

This retail property presents an excellent opportunity for an owner-occupant. The existing leases are short term.

Key Highlights

• Excellent owner‑occupant opportunity
• Leases are short term

Property Analytics

Property Profile

Current Use

Katy's D'Lites Health Specialty Food Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Pharmacy Gym & Fitness Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

654

Businesses Nearby

Explore this area Business Placement

Demographics for 23701, VA

24,629

Population

10,318

Households

2.4

Avg Household Size

41

Median Age

23%

College-Educated

90%

High-School Grad

7.7 sq mi

ZIP Area

3,199

Density / Sq Mi

$63,389

Median Household Income

$44,633

Median Earnings

$1,313

Median Rent

$218,900

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail properties & spaces located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail property - Retail property suitable for owner-occupant with short-term leases.

Where is this retail property located?

The property is located at 114 Chowan Dr Portsmouth, VA.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Excellent owner‑occupant opportunity; Leases are short term