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1112 King St 3,740 SF of Retail Space Available in Portsmouth, VA 23704
HIGHLIGHTS
- Turn-Key Potential
- Favorable Zoning
- Strategic Location
- Essential Equipment May Be Included
- Functional Layout
- Ample Parking
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,740 SF | Negotiable | $18.65 CAD/SF/YR $1.55 CAD/SF/MO $69,748 CAD/YR $5,812 CAD/MO | Triple Net (NNN) |
1st Floor
Presenting a unique opportunity to lease at $4,200 per month! A versatile commercial property formerly home to a successful automotive dealership and repair facility. Located at 1112 King Street, this property is ideally suited for an auto repair shop, a used car dealership, a specialty automotive service, or another business requiring a well-equipped garage and office space. The property’s zoning is NMU (Neighborhood Mixed-Use), which expressly includes light automotive mechanical repair. This is a fantastic chance for a new or expanding business to minimize startup costs. The property may come equipped with essential automotive repair equipment, potentially including an automotive lift, a paint booth, and other valuable assets.
- Lease rate does not include utilities, property expenses or building services
- $4,200 per month!
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 3,740 SF | Gross Leasable Area | 3,740 SF |
| Property Type | Retail | Year Built | 1986 |
| Property Subtype | Auto Repair | Parking Ratio | 10.7/1,000 SF |
| Total Space Available | 3,740 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 3,740 SF |
| Year Built | 1986 |
| Parking Ratio | 10.7/1,000 SF |
ABOUT THE PROPERTY
Presenting a rare opportunity to lease a highly adaptable commercial property in the heart of Portsmouth, Virginia. Formerly home to a successful automotive dealership and repair facility, 1112 King Street offers a turnkey solution for businesses seeking a well-equipped garage and office environment. The site is ideally suited for auto repair, used car sales, specialty automotive services, or any enterprise requiring functional shop space with built-in infrastructure. Strategically located within a Neighborhood Mixed-Use (NMU) zoning district, the property supports a wide array of permitted uses beyond automotive, including medical or dental offices, veterinary clinics, business or trade schools, micro-breweries, catering services, and professional offices. This zoning flexibility opens the door for entrepreneurs and established operators alike to reimagine the space for their unique business model. The property may include valuable automotive assets such as a lift, paint booth, and other repair equipment, offering significant savings on startup costs. Its layout supports both customer-facing operations and back-of-house functionality, making it ideal for businesses that require both showroom and service areas. Located near major thoroughfares and within reach of Portsmouth’s vibrant business and residential districts, the site benefits from strong visibility and accessibility. Prospective tenants are encouraged to verify permitted uses with the City of Portsmouth to ensure alignment with their operational needs. This is a compelling opportunity to secure a versatile, well-located property with built-in infrastructure and broad zoning allowances. Contact us today to schedule a private tour and explore how this space can support your business vision.
- Fenced Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
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1112 King Street LLC
1112 King St
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