3120 High St Portsmouth, VA 23707
Rodman Shopping Center, a prime Portsmouth, VA retail property, offers 46,260 square feet on a 2.974-acre lot. Currently, 4,400 square feet are available for lease. This Class C center, built in 1955, benefits from a General Mixed-Use (GMU) zoning designation. The property boasts excellent visibility due to its location at a well-lit intersection with multiple points of entry and exit. A Family Dollar anchors the center, providing strong existing traffic and drawing customers from a robust residential and commercial area. The center's strategic location offers easy access to the Martin Luther King Freeway and Interstate 264, placing it just minutes from Downtown Norfolk. The available space is ideal for a variety of uses, including a laundromat, tobacco/smoke shop, or thrift store. The suite features a convenient grade-level roll-up door at the rear, facilitating efficient loading and unloading. The surrounding area includes a mix of attractive retail businesses, offices, single-family homes, and apartments, creating a diverse and thriving community. This is a rare opportunity to acquire a well-positioned retail space in a high-demand area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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