Portsmouth, VA Strip malls for sale

Updated: Mar 6

Leased Retail Strip Center

3601, 3603 & 3605 High Street, Portsmouth, VA 23707

$1,085,000

5,043 sqft 0.44 AC lot

100% leased retail center providing immediate income.
Strategic location on highly trafficked High Street (24,000 vehicles per day) at a signalized corner.
Proximity to I‑264 and national retailers.
Diverse tenant mix including a restaurant, tobacco/vape shop, and a long‑standing cleaner.
Pylon signage for maximum exposure along High Street.

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This listing looks promising.

Here's a quick look at some key insights for

3601, 3603 & 3605 High Street, Portsmouth, VA 23707

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Est. Cap Rate

6.1%
Above avg (5.9%)
Est. NOI

$67K
Annual
Price @ 7% Cap

$951K
Suggested

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Updated: Aug 16, 2024

Retail Strip with Income Potential

1511-1527 Rodman Ave, Portsmouth, VA

$800,000

8,506 sqft 0.75 AC lot

Immediate rental income from existing tenant.
Located near Portsmouth's premier shopping district and I‑264.
Large parking area.
Flexible demising points.
Rear roll‑up doors.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Portsmouth, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail Strip Center at Signal

3921 - 3933 Hull Street, Richmond, VA 23224

Contact for pricing

28,804 sqft

Retail strip center with multiple suites and rentable land space at a signalized intersection.

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Neighborhood Strip Retail Center

2501 W Mercury Blvd, Hampton, VA 23666

Contact for pricing

17,008 sqft

Renovated neighborhood strip center with 12 retail spaces and direct access via multiple curb cuts.

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Corner Strip Mall with Strong Visibility

507 E. Southside Plaza, Richmond, VA 23224

Contact for pricing

Corner retail strip mall offering excellent visibility, convenient access, and established national co-tenancy.

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Retail Strip Center For Sale

1928 N Armistead Ave, Hampton, VA

$1,500,000

11,000 sqft 0.79 AC lot

Freestanding retail strip center with high frontage and exposure.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Waterfront Commercial Land

Hwy 903 Eaton Ferry Road, Littleton, NC 27850

$5,250,000

116.00 AC lot

Large Lake Gaston parcel zoned for commercial activity with utilities at the roadway and options for subdivision or PUD planning.

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Commercial Land Zoned General Business

Lankford Highway, Temperanceville, VA 23442

$1,200,000

19.99 AC lot

Nearly 20-acre tract on U.S. Route 13 with General Business (B-1) zoning and a completed wetlands delineation.

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Zoned B-2 Commercial Land Parcel

1664 E Raleigh Boulevard, Rocky Mount, NC 27801

$289,000

1.50 AC lot

1.5-acre commercial land parcel zoned B-2 with approximately 290 feet of road frontage on E Raleigh Blvd.

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Commercial Land on Raleigh Boulevard

1664 East Raleigh Boulevard, Rocky Mount, NC 27801

$289,000

1.50 AC lot

1.5 acre commercial parcel with road frontage for sale.

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Portsmouth, VA Strip Malls Market Trends and Statistics

Explore 2 strip malls for sale in Portsmouth, VA on our real estate platform. These investment opportunities span a total of 13,549 square feet of properties for sale, with an estimated market value of $1,885,000.

Sale prices for retail strips in Portsmouth, VA start at $800,000, averaging $942,500, and reaching up to $1,085,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
23707	$1.1M

Neighborhood

Average Price

23707

$1.1M