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    2406 Rodman Ave Portsmouth, VA 23707

    For Sale
    $325,000

    Prime Commercial Lots, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional investment opportunity encompasses three contiguous parcels totaling 1.12 acres of commercial land in Portsmouth, Virginia. Strategically located with frontage on both Rodman Avenue and Turnpike Road, this property offers unparalleled visibility and accessibility. Currently utilized as a marine outboard motor repair facility, the site includes two bathrooms and presents a multitude of redevelopment possibilities. The combined area provides ample space for a variety of commercial ventures, benefiting from its high-traffic location. The three parcels, identified as 24045 Rodman Avenue, 2406 Rodman Avenue, and 3709 Turnpike Road, are being offered as a single package. This presents a unique chance to acquire a substantial land holding in a desirable commercial area. The property's size and location make it ideal for expansion or the development of new commercial buildings. Given its current use, the property is well-suited for businesses in the marine or automotive repair sectors, but its versatility allows for a wide range of potential uses. The asking price for all three parcels is $425,000, representing a significant opportunity for investors seeking a substantial land acquisition in a thriving commercial zone. The 0.41-acre parcel at 2406 Rodman Avenue is included in this offering. Serious inquiries are encouraged to explore the potential of this prime commercial real estate.

    Property Features for 2406 Rodman Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    17,860 SF

    Building Details

    Year Built
    1967
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ron's Marine & Equipment ... Marine Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    PORTSMOUTH
    State
    Virginia
    Longitude
    -76.34556
    Latitude
    36.81977

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Lots, High Visibility
    Where is this commercial real estate located?
    The property is located at 2406 Rodman Ave Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $325,000.
    (757) 638-5700
    Request Owner's contact information
    2406 Rodman Ave Portsmouth, VA 23707
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    Portsmouth, VA 23707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2406 Rodman Ave Portsmouth, VA 23707
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