5021 George Washington Hwy Portsmouth, VA 23702
Triangle Shopping Center, located at 5021 George Washington Hwy, Portsmouth, VA 23702, presents a compelling retail investment opportunity. This Class C property, situated on Victory Boulevard & George Washington Highway, boasts a total of 84,438 square feet across four single-story buildings. The center underwent renovations in 2023 and offers 17 suites, with 16,400 square feet currently vacant. Units range from a minimum of 1,000 square feet to the available larger spaces. The property features ample parking with 339 spaces and is zoned GMU. Its location within the Victory Blvd submarket of Portsmouth provides excellent visibility and accessibility. The center is ideal for a variety of retail uses, from smaller boutiques to larger storefronts, and offers the potential for customized unit layouts to suit individual business needs. Built in 1957, this property benefits from recent renovations and presents a unique opportunity to establish or expand a business in a high-traffic area. The property's location at the intersection of Victory Boulevard and George Washington Highway ensures high daily traffic counts.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miSimilar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.