For Sale
$850,000

326 High St Portsmouth, VA 23704

Portsmouth, VA: Prime Retail Space

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 10,040-square-foot retail storefront at 326 High Street in Portsmouth, Virginia, presents a lucrative investment opportunity. Located in a thriving area with over 270,000 people within a five-mile radius, this property boasts 82 feet of prime frontage on historic High Street, ensuring high visibility. The building is situated next to Roger Brown's Restaurant & Sports Bar and TCC's Visual Arts Center, creating a synergistic environment. Convenient access to I-264 and ample parking, including 10-15 surface spaces at the rear and proximity to a city parking garage, further enhance its appeal. The property is currently 100% occupied under a NNN lease, offering a stable income stream. The asking price is $850,000, translating to $84.66 per square foot. This single-tenant retail space is ideal for businesses seeking a high-traffic location in a vibrant community with a strong demographic profile of high-income households. The property's location within an Enterprise Zone may offer additional tax benefits. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a desirable market.

Highlights

  • 10,040 SF of retail space in Portsmouth's central business district, adjacent to Roger Brown's and TCC's Visual Arts Center.
  • 82 feet of High Street frontage in an Enterprise Zone.
  • 10-15 surface parking spaces on-site, plus nearby city parking.
  • Less than 0.25 miles to I-264.

Property Details for 326 High St

Property type
Retail properties, Retail space
Square Feet
10,040 SF

Location Insight

City
Portsmouth
County
City of Portsmouth
State
Virginia
Latitude
36.8355984
Longitude
-76.3002681

FAQs

What type of property is this?
Retail property - Portsmouth, VA: Prime Retail Space
Where is the retail property located?
The property is located at 326 High St Portsmouth, VA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 10,040 SF of retail space in Portsmouth's central business district, adjacent to Roger Brown's and TCC's Visual Arts Center.; 82 feet of High Street frontage in an Enterprise Zone.; 10-15 surface parking spaces on-site, plus nearby city parking.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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326 High St
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