For Sale
$1,250,000

114 Chowan DrPortsmouth, VA 23701

High-Occupancy Retail Center, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • 11,044 SF shopping center in Portsmouth, VA, at 114-132 Chowan Dr, 23701.
  • 1.09-acre site with 100% occupancy; leases expire April 24, 2024.
  • Zoned GMU, multi-tenant configuration ideal for various retail uses.
  • Prime location near retail, restaurants, and one mile from Rivers Casino.
  • Asking price: $1,250,000.

Property Details for 114 Chowan Dr

Property type
Lifestyle centers, Power centers
Lot Size (sq. ft)
47,480 SF

Location Insight

City
Portsmouth
County
Portsmouth City
State
Virginia
Latitude
36.8113753
Longitude
-76.3653225
114 Chowan Dr, Portsmouth, Virginia

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114 Chowan Dr
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