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    4644 George Washington Hwy Portsmouth, VA 23702

    For Lease
    Contact for pricing

    Portsmouth retail/warehouse, 3 suites available.

    Lot size:
    90,025 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Portsmouth, Virginia commercial property, Williams Court II, offers a unique investment opportunity. Located at 4644 George Washington Hwy, at the corner of Victory Boulevard, this 90,025 square foot shopping center boasts a prime location in the Northern Chesapeake and Southern Portsmouth area. The property features three available suites, ranging from a minimum of 750 square feet to a maximum contiguous space of 5,520 square feet, ideal for a variety of retail, office, or warehouse uses. The flexible space allows for customization to meet individual business needs. The center is strategically positioned near major transportation arteries, less than two miles from the Thomas Nelson Community College (TCC) Portsmouth Campus and the I-264 on/off ramps, ensuring excellent accessibility. High traffic counts of 23,000 vehicles per day (VPD) on George Washington Highway and 18,000 VPD on Victory Boulevard guarantee significant visibility and foot traffic. Ample parking is available for customers and employees. The property benefits from strong neighboring businesses, including Ollie's Bargain Outlet, Dollar General, and a Food Lion-anchored center reporting above-average sales. This presents a compelling opportunity to establish a presence in a thriving commercial area with highly competitive lease rates. The property is classified as Retail and Office, with a Warehouse subtype and multiple tenancy.

    Property Features for 4644 George Washington Hwy

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    90,025 SF

    Unit(s) available at that property

    Space
    4564
    Size
    750 SF
    Space
    4646O
    Size
    2,176 SF
    Space
    4646W
    Size
    5,520 SF

    HighLights

    • ±750 SF retail, ±2,176 SF office, and ±5,520 SF warehouse space (with office and breakroom) available.
    • 90,025 SF shopping center at George Washington Hwy and Victory Blvd in Portsmouth, VA.
    • Anchored by Ollie's Bargain Outlet and Dollar General; adjacent to a Food Lion‑anchored center with above‑average sales.
    • Highly competitive lease rates.
    • Less than 2 miles from Thomas Nelson Community College and I‑264.
    • Ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.325875265929
    Latitude
    36.799114236089

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    FAQs

    What type of property is this?
    Individual retail property - Portsmouth retail/warehouse, 3 suites available.
    Where is this individual retail property located?
    The property is located at 4644 George Washington Hwy Portsmouth, VA.
    What are key features of this property?
    This property features: ±750 SF retail, ±2,176 SF office, and ±5,520 SF warehouse space (with office and breakroom) available.; 90,025 SF shopping center at George Washington Hwy and Victory Blvd in Portsmouth, VA.; Anchored by Ollie's Bargain Outlet and Dollar General; adjacent to a Food Lion-anchored center with above-average sales.
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    4644 George Washington Hwy Portsmouth, VA 23702
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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
    4644 George Washington Hwy Portsmouth, VA 23702
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