Commercial Development Land
For Sale
$300,000
1481 Effingham Street, Portsmouth, VA 23704
Highly visible 2.2-acre site with direct I-264 on/off access along a high-traffic corridor.
Property SizeContact for details
Lot Size2.20 Acres
Days on Market93
Property Features for 1481 Effingham Street
General Information
Standard status
Active
Lot size
2.20 Acres
Property subtype
Land
Zoning
D1-T6
Site & Location
Traffic Count
65,400 vehicles/day
Highway Access
Yes
Listing Agency:
Divaris Real Estate Inc
(757) 675-9132
Listed By:
Levi Thomson
(757) 675-9132
Source:
Divaris
Added: Jun 1
Changed: Aug 16
Last Checked: Aug 31 at 4:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Divaris Real Estate Inc
Investment Insights
Based on property information with market context.
Prime 2.2-acre commercial land parcel offers exceptional visibility and strong development upside due to its direct, practical access. The site features approximately 231 feet of frontage along Effingham Street and provides immediate on/off connectivity to I-264, positioning it well for users seeking convenient regional access.
Located at the foot of the I-264 on/off ramp along Effingham Street in Portsmouth, the property sits within close proximity to major daytime and weekend destinations. It is less than 0.5 miles from Downtown Portsmouth, 0.6 miles from the Norfolk Naval Shipyard, and 1.0 mile from the Naval Medical Center Portsmouth. Reported traffic counts include 30,600 VPD on Effingham Street and 65,400 VPD on I-264, supporting a corridor with consistent exposure for retail, service, or other development concepts.
Zoned D1-T6, the parcel may be suited for a range of commercial development opportunities, subject to permitted uses and site plan requirements. With direct interstate access and prominent frontage, it is a compelling option for investors and developers looking to capitalize on a high-traffic, well-connected location in a central Portsmouth employment and visitor area.
Located at the foot of the I-264 on/off ramp along Effingham Street in Portsmouth, the property sits within close proximity to major daytime and weekend destinations. It is less than 0.5 miles from Downtown Portsmouth, 0.6 miles from the Norfolk Naval Shipyard, and 1.0 mile from the Naval Medical Center Portsmouth. Reported traffic counts include 30,600 VPD on Effingham Street and 65,400 VPD on I-264, supporting a corridor with consistent exposure for retail, service, or other development concepts.
Zoned D1-T6, the parcel may be suited for a range of commercial development opportunities, subject to permitted uses and site plan requirements. With direct interstate access and prominent frontage, it is a compelling option for investors and developers looking to capitalize on a high-traffic, well-connected location in a central Portsmouth employment and visitor area.
Key Highlights
- 2.2‑acre parcel with direct frontage along Effingham St at the I‑264 on/off ramp in Portsmouth, VA
- High traffic counts: Effingham St at 30,600 VPD and I‑264 at 65,400 VPD
- 231 ft of direct frontage on Effingham St with excellent visibility
Property Analytics
Property Profile
Current Use
Lease Details
65,400 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 23704, VA
19,505
Population
9,538
Households
2
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
4.5 sq mi
ZIP Area
4,334
Density / Sq Mi
$44,739
Median Household Income
$34,488
Median Earnings
$1,279
Median Rent
$197,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Highly visible 2.2-acre site with direct I-264 on/off access along a high-traffic corridor.
Where is this commercial land located?
The property is located at 1481 Effingham Street Portsmouth, VA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2.2‑acre parcel with direct frontage along Effingham St at the I‑264 on/off ramp in Portsmouth, VA; High traffic counts: Effingham St at 30,600 VPD and I‑264 at 65,400 VPD; 231 ft of direct frontage on Effingham St with excellent visibility
