4020 Victory BlvdPortsmouth, VA 23701

Property Details for 4020 Victory Blvd

Year built

2002

Lot size

7.43 AC

Property size (Sq ft)

73,004 SF

Zone code

GMU

Property type

Shopping centers

Property subtype

Specialty properties

APN

0526-0010

APU

5260010

Description

This exceptional 3,500 square foot retail space is located within the vibrant Victory Crossing shopping center in Portsmouth, Virginia. Situated at 4020 Victory Boulevard, zip code 23701, this property offers immediate occupancy in a thriving retail environment. The space is part of a larger 72,800 square foot shopping center featuring a strong tenant mix, including established national retailers Ross Dress for Less and Five Below. This prime location provides excellent visibility and accessibility, ensuring high foot traffic and exposure for your business. The space is currently vacant and ready for immediate lease, presenting a unique opportunity for a variety of retail concepts. The minimum leasable space is 3,500 square feet, and the maximum contiguous space available is also 3,500 square feet. This makes it ideal for a single tenant seeking a prominent location within a successful shopping center. Victory Crossing is situated within the Portsmouth Retail submarket cluster, benefiting from strong demographics and a robust local economy. The property's address is easily accessible and offers ample parking for customers and employees. Don't miss this chance to establish your business in a high-traffic, well-established shopping center. Contact us today to schedule a viewing and learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $19,910,734

  6.5%

  $18,379,140

  7%

  $17,066,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,647,132

  Geo Method

  $30,724,844

• Alternative Use

  Use

  Valuation

  Residential

  $15,503,492

  Hospitality

  $14,201,115

  Educational

  $11,815,161

  Medical

  $12,221,503

  Retail

  $18,379,140

Location Insight

City

Portsmouth

County

Portsmouth City

State

Virginia

Latitude

36.8103

Longitude

-76.3559

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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