3601-3605 High St | Portsmouth, VA 23707
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3601-3605 High St
Portsmouth, VA 23707
Retail Property For Sale
Investment Highlights
- 100% leased retail center
- Located near the busy intersection of High Street
- Building features pylon signage for maximum exposure along High Street
- 24,000 vehicles per day
Executive Summary
The property at 3601, 3603 & 3605 High Street is an attractive investment opportunity in the Mid-City submarket of Portsmouth, VA. This fully leased, 5,043 square foot retail strip center features a diverse mix of tenants, providing stability and minimizing landlord responsibilities. Its prime location at a signalized intersection ensures high visibility and traffic, with convenient access to I-264. Additionally, the nearby presence of national retailers like Chick-fil-A, Walmart Supercenter, Kroger, T.J. Maxx, and Starbucks enhances its appeal, making it a bustling hub for local shoppers.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,043 SF
Building Class
C
Year Built
1961
Price
$1,085,000
Price Per SF
$215
Cap Rate
8.07%
NOI
$87,509
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.44 AC
Zoning
GMU - General Mixed Use
Parking
17 Spaces (3.37 Spaces per 1,000 SF Leased)
Frontage
194 FT on High St
Amenities
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $196,350 | |
| Land Assessment | $282,980 | Total Assessment | $479,330 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$282,980
Improvements Assessment
$196,350
Total Assessment
$479,330
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