List Search

440 Chestnut St
Portsmouth, VA 23704 Downtown Portsmouth

Rate Upon Request

Fast Food For Lease  •  2,644 SF

Property Details

  • Property Type Fast Food
  • Year Built 2002
  • Total Building Size 2,644 SF
  • Tenancy Single
  • Building Class C
  • Zoning D-2
47 Transit Score
88 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 2,644 SF Rate Upon Request 
Formerly a KFC, the 2,644-square-foot building includes an existing drive-thru, making it ideal for QSR, fast casual, or medical/retail conversion. The property sits on a 0.8-acre lot with 29 surface parking spaces, ensuring convenience for customers and operational efficiency.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Fast Food
  • Space Type: Relet

Description 

Strategically located less than 0.4 miles from I-264, the site offers excellent regional connectivity and strong traffic counts, with over 22,000 vehicles per day at Chestnut Street and London Boulevard. Its proximity to Downtown Portsmouth, the historic Olde Towne waterfront district, and the Naval Medical Center Portsmouth provides a steady flow of daytime and weekend traffic from both local residents and visitors. The surrounding trade area features a robust mix of national retailers, including Wawa, Starbucks, McDonald’s, Taco Bell, and Wendy’s, reinforcing the site’s retail synergy and consumer draw.
With strong demographics—over 236,000 residents within a five-mile radius and average household incomes exceeding $84,000—the property offers a compelling location for operators looking to capture a dense and diverse customer base. This is a rare opportunity to secure a second-generation restaurant space in a proven retail corridor with excellent visibility and signage potential.

Highlights

Freestanding 2,644 SF building with existing drive-thru infrastructure.
Located on a 0.8-acre lot with 29 surface parking spaces.
Less than 0.4 miles from I-264, providing excellent regional access.
Strong traffic counts with 22,000 VPD at Chestnut St./London Blvd.
Surrounded by national QSR brands and retail anchors for strong co-tenancy.
Ideal for quick-service, fast casual, or medical/retail conversion.

Property Flyers

Amenities

  • Bus Line
  • Pylon Sign

Major Tenants

Tenant SF Occupied Lease End Date
KFC

Public Transportation

Commuter RailDriveWalkDistance
7 min - 3.1 mi
AirportDriveWalkDistance
Norfolk International 20 min - 9.5 mi
Newport News/Williamsburg International 45 min - 32.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Levi Thomson 757-333-4382 Divaris Real Estate, Inc.
Levi Thomson 757-333-4382 Divaris Real Estate, Inc.