Map of Property

Virginia ABC Store

For Sale

1137 London Blvd, Portsmouth, VA 23704

This Portsmouth property for sale is located at 1137 London Blvd. The current listed sale price for Virginia ABC Store is $1,335,000. Virginia ABC Store is situated on a lot that is 0.43 acre in size.

Contacts

Douglas Aronson

S.L. Nusbaum Realty

Property Details

  • Property Type Retail - Street Retail
  • Property Size 3,500 SF
  • Lot Size 0.43 Acre
  • Year Built 2022
  • Year Renovated 2024
  • Date Updated Jun 10, 2026
Prime retail site on London Blvd in Portsmouth near national retailers such as Dollar Tree, McDonald’s and Wawa, surrounded by new housing developments within the Norfolk-Virginia Beach-Newport News MSA.SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively offer for sale the Virginia ABC Store located at 1137 London Blvd in Portsmouth, VA. The property is leased to the Virginia Alcoholic Beverage Control Authority, an independent political subdivision of the Commonwealth of Virginia. The state itself carries a top credit rating of Aaa by Moody’s. The 2022 build-to-suit project features a long-term lease with limited landlord responsibilities and scheduled increases throughout the initial term and during the option periods. Store sales are extremely healthy. In 2025, the London Blvd location reported sales of $3,761,76—a rent/sales ratio of less than 2%. The property is located near other national retailers including Dollar Tree, McDonald’s and Wawa as well as several newer townhomes and apartments.
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Highlights

  • Centrally located city in Coastal Virginia (metro population: 1.8 million).
  • Government-backed lease.
  • Strong store sales (less than 2% rent/sales ratio).
  • Surrounded by new housing starts and national retailers.

Attachments

Getting around

  • 85/100

    Walk Score ®

  • 46/100

    Transit Score ®

  • 66/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Portsmouth, VA
  • Neighborhood Uptown Portsmouth
  • Zip Code 23704
  • Market Richmond Tidewater

Points of Interest

  • MacArthur Square

    1.43 miles

  • York Street/Freemason

    1.55 miles

  • Civic Plaza

    1.59 miles

  • EVMC/Fort Norfolk

    1.62 miles

  • Monticello

    1.64 miles

  • Harbor Park

    1.94 miles

  • Norfolk

    2.03 miles

  • NSU

    2.43 miles

  • Ballentine/Broad Creek

    3.31 miles

  • Beazley

    3.46 miles

  • 7-Eleven

    0.29 miles

  • Wawa

    0.29 miles

  • Shell

    0.40 miles

  • BP

    1.55 miles

  • Kroger

    1.59 miles

  • Exxon

    1.84 miles

  • Tesla Supercharger

    5.28 miles

  • Electric Vehicle Charging Station

    7.13 miles

  • ChargePoint

    8.33 miles

  • Middle Street Garage

    0.70 miles

  • County Street Garage

    0.70 miles

  • Water Street Garage

    0.80 miles

  • Harbor Court Parking Garage

    0.84 miles

  • Civic Center Lot

    0.85 miles

  • CBP Parking

    1.25 miles

  • West Plume Street Garage

    1.29 miles

  • Waterside Garage

    1.30 miles

  • Town Point Garage

    1.30 miles

  • Main Street Garage

    1.35 miles

  • Domino's

    0.09 miles

  • KFC

    0.16 miles

  • Wendy's

    0.19 miles

  • Hardee's

    0.20 miles

  • McDonald's

    0.22 miles

  • Church's Chicken

    0.25 miles

  • High Street Pizza & Pour House

    0.51 miles

  • Guads

    0.60 miles

  • Jimmy John's

    0.61 miles

  • Roger Brown's Restaurant and Sports Bar

    0.64 miles

  • Food Lion

    0.30 miles

  • Dillard's

    1.47 miles

  • Kroger

    1.50 miles

  • Macarthur Center

    1.56 miles

  • Berkley Supermarket

    1.68 miles

  • Walmart Supercenter

    1.75 miles

  • Harris Teeter

    2.25 miles

  • ALDI

    2.56 miles

  • The Fresh Market

    2.61 miles

  • Coast Guard Exchange

    4.07 miles

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