Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1601 Marshall Ave Portsmouth, VA 23704

    For Sale
    $1,700,000

    5.74 Acres, $1.7M AS-IS

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 5.74-acre parcel located at 1601 Marshall Avenue in Portsmouth, Virginia, presents a unique investment opportunity. Offered at $1,700,000, the property is being sold in its current "as-is" condition. The substantial land area provides ample space for a variety of potential commercial or industrial uses, subject to city zoning regulations and permitting requirements. Prospective buyers are encouraged to conduct their own due diligence regarding permitted uses and development feasibility. Given the size and location, this property is well-suited for businesses requiring significant outdoor space, storage, or manufacturing capabilities. The property's address is 1601 Marshall Avenue, Portsmouth, VA. The square footage of any existing structures is not currently available. This is a rare opportunity to acquire a large tract of land in a strategic location within Portsmouth. Serious inquiries only. All information provided is deemed reliable but not guaranteed and should be independently verified. The sale is final "as-is," with no warranties or representations expressed or implied. Potential buyers are responsible for all costs associated with due diligence, inspections, and any necessary permits or approvals.

    Property Features for 1601 Marshall Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    250,034 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ampro Products Inc. Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    PORTSMOUTH
    State
    Virginia
    Longitude
    -76.31961
    Latitude
    36.81548

    Nearby Similar for Sale

    • $799,900
      5,324 SF

      Portsmouth Quadplex Investment Opportunity

      Multi-family quadplex in Prentis Park with immediate rental income.
      1520 Prentis Ave, Portsmouth, VA 23704
      View Details
    • $879,000
      10,654 SF

      Downtown Portsmouth Commercial Opportunity

      Centrally located corner property with renovation potential in Portsmouth, VA.
      701 Court St, Portsmouth, VA 23704
      View Details
    • $619,000
      1,222 SF

      Established Restaurant Business For Sale

      Turn-key restaurant with building on a well-traveled corner.
      3332 Victory Blvd, Portsmouth, VA 23701
      View Details
    • $169,900
      1,050 SF

      Office Condo in Churchland

      Single-story office condo with reception, offices, common area, bath.
      5907 W Norfolk Rd, Portsmouth, VA 23703
      View Details
    • $898,500
      9,000 SF

      Renovated Warehouse on Airline Boulevard

      Fully renovated warehouse with flexible space and high-traffic exposure.
      2618 Airline Blvd, Portsmouth, VA 23701
      View Details
    • $349,900
      2,200 SF

      Portsmouth Quadplex: Income Opportunity

      Quadplex in Portsmouth, VA, generating $3,000 monthly income.
      143 Maryland Ave, Portsmouth, VA 23707
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 5.74 Acres, $1.7M AS-IS
    Where is this commercial real estate located?
    The property is located at 1601 Marshall Ave Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (757) 547-7444
    Request Owner's contact information
    1601 Marshall Ave Portsmouth, VA 23704
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1601 Marshall Ave
    Portsmouth, VA 23704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1601 Marshall Ave Portsmouth, VA 23704
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.