757-213-4143
, Portsmouth, VA for Sale
Retail - FOR SALE
1/4
null | Request Cap Rate

City Line Plaza
Portsmouth, VA


HIGHLIGHTS

  • Located in the Churchland neighborhood, along revitalized High Street West with strong commercial presence.
  • Features 150 marked parking spaces providing excellent accessibility for visitors and tenants.
  • Mix of service-oriented tenants across multiple sectors, supporting stable rental income along with redevelopment potential.
  • Proximity to major intersection at High St W and Tyre Neck Rd, ensuring continuous traffic flow and visibility.
  • Positioned near dense residential neighborhoods, providing a solid customer base and supporting sustainable foot traffic.
  • Opportunity for value-add strategies given flexible WALT (Weighted Average Lease Term) and location in a growing submarket.

OVERVIEW

Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale City Line Plaza (the “Property”), a 26,476 square foot retail center sitting on 3.27 acres in Portsmouth, Virginia within the Hampton Roads MSA. The Property benefits from a tenant roster across multiple service lines with flexible WALT providing a redevelopment opportunity for retail investors or alternative developers. The Property is located along High Street West in the heart of the revitalized Churchland neighborhood adjacent to the intersection of High Street West and Tyre Neck Road. This location has direct exposure to over 18,536 vehicles per day and 334' of frontage with three retail buildings and 150 marked parking spaces. Dense surrounding demographics, flexible lease term, value-add square footage and acreage make City Line Plaza an ideal NNN redevelopment investment opportunity.

ASK ABOUT THIS PROPERTY

Clay WillisCushman & Wakefield | ThalhimerMore Info
757-213-4143

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Clay WillisCushman & Wakefield | ThalhimerMore Info
757-213-4143

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.