114 Chowan Dr Portsmouth, VA 23701
- Shopping centers
- 11,044 SF
- 1.09 lot acres
Current Use by Public Records
- Katy's D'Lites Health / Health Food Store
Property Details for 114 Chowan Dr
- Year built
- 1980
- Lot size
- 1.09 lot acres
- Property size
- 11,044 SF
- Zone code
- GMU
- Property type
- Shopping centers
- Property subtype
- Specialty properties
- APN
- 0576-0032
- APU
- 5760032
Description
This exceptional 11,044 square foot shopping center in Portsmouth, Virginia, presents a compelling investment opportunity. Located at 114 Chowan Drive, 23701, this 1.09-acre property boasts 100% occupancy, with leases expiring April 24, 2024, offering an immediate owner-occupant potential or strong rental income. The property is zoned GMU and features a multi-tenant configuration, ideal for a variety of retail businesses. Its prime location offers close proximity to a wealth of amenities, including numerous retail shops and restaurants, and enjoys the added benefit of being just one mile from the Rivers Casino, ensuring high foot traffic and visibility. The asking price for this thriving retail center is $1,250,000. This is a rare opportunity to acquire a fully occupied, well-located retail property with significant upside potential. The short-term nature of the existing leases provides flexibility for future development and tenant management. Don't miss this chance to secure a valuable asset in a vibrant and growing market. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Portsmouth City
- State
- Virginia
- Longitude
- -76.3656
- Latitude
- 36.8113
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
