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    326 High St Portsmouth, VA 23704

    Sponsored
    For Lease
    Contact for pricing

    Prime Portsmouth storefront: 10,040 SF, high visibility.

    Lot size:
    10,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,040 square foot retail storefront is ideally situated at 326 High Street in Portsmouth, Virginia, zip code 23704. Boasting 82 feet of prominent frontage along historic High Street, this single-tenant space offers unparalleled visibility and accessibility. The property benefits from its location within an Enterprise Zone, providing potential economic advantages. Ample parking is available, with 10-15 surface spaces located at the rear of the building, supplemented by the convenient proximity of a city parking garage. This prime location places the property less than a quarter-mile from I-264, ensuring easy access for customers and employees. The property's neighbors include the well-established Roger Brown's Restaurant & Sports Bar and TCC's Visual Arts Center, creating a vibrant and attractive commercial environment. The entire 10,040 square feet is currently vacant, presenting a unique opportunity for a single tenant to establish a significant presence in a thriving Portsmouth location. The property's size and location make it suitable for a wide range of retail businesses.

    Property Features for 326 High St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,040 SF

    Unit(s) available at that property

    Space
    Size
    10,040 SF

    HighLights

    • 10,040 SF retail space in Portsmouth's central business district, adjacent to Roger Brown's and TCC's Visual Arts Center.
    • 82 linear feet of High Street frontage in an Enterprise Zone.
    • 10‑15 surface parking spaces on‑site, plus nearby city garage.
    • 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
    Portsmouth City
    State
    Virginia
    Longitude
    -76.300135670876
    Latitude
    36.835376046883

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    FAQs

    What type of property is this?
    Individual retail property - Prime Portsmouth storefront: 10,040 SF, high visibility.
    Where is this individual retail property located?
    The property is located at 326 High St Portsmouth, VA.
    What are key features of this property?
    This property features: 10,040 SF retail space in Portsmouth's central business district, adjacent to Roger Brown's and TCC's Visual Arts Center.; 82 linear feet of High Street frontage in an Enterprise Zone.; 10-15 surface parking spaces on-site, plus nearby city garage.
    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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