3546-3590 Towne Point Rd - Storefront FOR SALE


Portsmouth, VA 23703
$4,600,263 USD
757-513-2500
3546-3590 Towne Point Rd, Portsmouth, VA for Sale
$4,600,263 USD
Storefront - FOR SALE
1/6
null | 6% Cap Rate

3546-3590 Towne Point Rd
Portsmouth, VA 23703


HIGHLIGHTS

  • Early renewal with the US Post Office Churchland Station, lease through 2030
  • 21,478 SF shopping center on 2.19 Acres
  • Professionally managed, retail asset located in the Churchland area of Portsmouth immediately off the 164 bypass
  • Signalized intersection with pylon sign
  • Newly built Royal Farms and Ocean Storage next door representing new investments in this trade area

OVERVIEW

Towne Point Shoppes is a professionally managed and well-established retail asset in the Churchland area of Portsmouth. Its 21,478 square feet of retail space on 2.19 Acres and anchored by the US Post Office Churchland Station since 2005. It’s a convenient location adjacent to the 164 bypass offering easy access for customers. The signalized intersection and prominent pylon sign further enhance visibility and accessibility.

FOR SALE DETAILS

PRICE

$4,600,263 USD

PRICE/SF

$214 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Towne Point Shoppes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

C-1

APN/PARCEL ID

0827-0950

ASK ABOUT THIS PROPERTY

Chris GoodKotaridesMore Info
757-513-2500

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Chris GoodKotaridesMore Info
757-513-2500

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