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    823 High St Portsmouth, VA 23704

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    For Sale
    $950,000

    Corner lot suitable for redevelopment with multiple potential uses.

    Property size:
    21,000 SF
    Lot size:
    1.06 Acres

    Property Features for 823 High St

    General Information

    Size
    21,000 SF
    Lot size
    1.06 Acres

    Source: Global Real Estate Investment, Inc. Agent Michael P Zarpas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity on High Street

    This commercial land, consisting of a 21,000 square foot fenced lot, presents an ideal redevelopment opportunity. Located on High Street, the site is suitable for multi-family housing, multiple retail stores, a restaurant, or flex space. The lot can accommodate a building or parking lot. The adjacent property is also available for purchase, offering the potential for corner lot to full block development. The property benefits from bus line access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth
    State
    Virginia
    Longitude
    -76.307792
    Latitude
    36.8350083

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    FAQs

    What type of property is this?
    Commercial land - Corner lot suitable for redevelopment with multiple potential uses.
    Where is this commercial land located?
    The property is located at 823 High St Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Ideal for redevelopment: multi-family, multiple retail stores, restaurant, or flex space; - Corner lot to full block development; - Lot can accommodate a building or parking lot
    (757) 286-1783
    Request Owner's contact information
    823 High St Portsmouth, VA 23704
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    Portsmouth, VA 23704
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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
    823 High St Portsmouth, VA 23704
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