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    1220 High St Portsmouth, VA 23704

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    For Sale
    Contact for pricing

    Portsmouth, VA: Prime Retail Space Available

    Property size:
    1,886 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1,886-square-foot retail showroom, located at 1220 High Street in Portsmouth, Virginia, presents a unique investment opportunity. Situated on a 0.77-acre lot, this single-story building offers ample space for a variety of retail uses. Previously occupied by Enterprise Car Rental, the property benefits from its established location within the mid-city submarket of Portsmouth, ensuring high visibility and accessibility. The address, 1220 High St, 23704, provides convenient access to major thoroughfares and a strong customer base. The property is available for sale or lease, making it an attractive option for both investors and businesses seeking a well-positioned retail space. The building's single-story design offers efficient layout and ease of operation. The substantial lot size provides ample parking and potential for future expansion or outdoor display areas. This property represents a rare opportunity to acquire a well-located, versatile retail space in a thriving Portsmouth neighborhood. Serious inquiries are encouraged to explore the possibilities this prime location offers. The property's history as a successful car rental office speaks to its strong potential for continued success in a variety of retail applications. Its convenient location and ample space make it an ideal choice for businesses seeking to establish a strong presence in the Portsmouth market.

    Property Features for 1220 High St

    General Information

    Property type
    Retail properties
    Square Feet
    1,886 SF
    Lot Size
    33,541 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 1,886 SF retail showroom in Portsmouth, VA.
    • Located at 1220 High St, Portsmouth, VA 23704.
    • Situated on a 0.77‑acre lot.
    • Former Enterprise Car Rental office.
    • Available for sale or lease.
    • Located in a mid‑city submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.313513608961
    Latitude
    36.835085927617

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    FAQs

    What type of property is this?
    Retail property - Portsmouth, VA: Prime Retail Space Available
    Where is this retail property located?
    The property is located at 1220 High St Portsmouth, VA.
    What are key features of this property?
    This property features: 1,886 SF retail showroom in Portsmouth, VA.; Located at 1220 High St, Portsmouth, VA 23704.; Situated on a 0.77-acre lot.
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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
    1220 High St Portsmouth, VA 23704
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