1429 Chestnut Street, Portsmouth, VA 23704

Listing agent James Allen Show Phone

Listing office The James Allen Group J***@TheJamesAllenGroup.com 900 Granby St. Suite 223, Chesapeake, VA Show Phone

Listing date Jun 9, 2026

Report an issue

MLS# 10638848 Listing URL

Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

This offering consists of a corner lot with commercial zoning under NMU. The property is presented as buildable land for buyers seeking a site for a commercial-use development, or for an alternate residential approach that may be considered through a single-family variance process, subject to approval.

The lot is located at 1429 Chestnut Street in Portsmouth, Virginia 23704. As a corner parcel, it provides street-facing frontage on two sides, which can support site layout options for compliant development. The listing notes that while the property is zoned for commercial use, it may qualify for a single-family variance.

For tenants, buyers, or developers looking at small site options, this land may fit as a low-scale project where zoning flexibility is a key consideration. Any intended use should be confirmed with the City of Portsmouth and other applicable approvals, including whether a single-family variance can be granted for this specific site.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

• Map
• Local Demand

City

Portsmouth

County

Portsmouth

State

Virginia

Longitude

-76.307877

Latitude

36.827713

Nearby Similar for Sale

• 

  $685,000

  5,326 SF

  Historic Greek Revival Showcase

  Spectacular 24-room property suitable for residential or commercial use.

  422 Crawford Street, Portsmouth, VA 23704

  View Details
• 

  $1,100,000

  1,827 SF

  Income-Producing Commercial Property Near Casino

  High-visibility commercial property near Rivers Casino Portsmouth with recent updates.

  2498 Airline Boulevard, Portsmouth, VA 23701

  View Details
• 

  $695,000

  2,984 SF

  Portsmouth Auto Repair Business

  Automobile repair business for sale near Walmart in Midtown Portsmouth.

  3700 Turnpike Road, Portsmouth, VA 23701

  View Details
• 

  $879,000

  10,654 SF

  Downtown Portsmouth Mixed-Use Opportunity

  Centrally located mixed-use property with renovation potential in Portsmouth, VA.

  701 Court Street, Portsmouth, VA 23704

  View Details
• 

  $584,999

  1,222 SF

  Restaurant Building and Business For Sale

  Established restaurant business and well-maintained building for sale.

  3332 Victory Boulevard, Portsmouth, VA 23701

  View Details
• 

  $750,000

  8,583 SF

  Assisted Living Facility For Sale

  32-bed assisted living facility on 0.8 acres in Portsmouth.

  3736 Turnpike Road, Portsmouth, VA 23701

  View Details
• 

  $1,085,000

  5,043 SF

  Leased Retail Strip Center

  Fully leased retail strip center in Portsmouth, Virginia.

  3601, 3603 & 3605 High Street, Portsmouth, VA 23707

  View Details
• 

  $495,000

  3,460 SF

  Updated Triplex with Detached Garage

  Updated triplex offers three separate units with in-unit laundry and separate utility meters.

  1510 Parker Avenue, Portsmouth, VA 23704

  View Details
• 

  $635,000

  2,502 SF

  Portsmouth Commercial Property For Sale

  Commercial property with long-term tenant in Portsmouth, Virginia.

  4000 George Washington Highway, Portsmouth, VA 23702

  View Details
• 

  $324,998

  2,400 SF

  Turnkey Income-Producing Duplex

  Fully leased duplex with strong cash flow and updated features.

  1802 Atlanta Avenue, Portsmouth, VA 23704

  View Details
• 

  $555,000

  3,440 SF

  Office/Warehouse Asset in Portsmouth

  Well-located office/warehouse with flexible zoning and modern construction.

  628 Dunedin Rd, Portsmouth, VA 23701

  View Details
• 

  $425,000

  2,450 SF

  Remodeled Duplex with Vacant 3BR

  Two-unit duplex with recently remodeled interiors and a vacant 3-bedroom, two-bath unit ready for occupancy.

  416 Maryland Avenue, Portsmouth, VA 23707

  View Details

FAQs

What type of property is this?

Commercial land - Corner commercial lot in NMU zoning that may be eligible for a single-family variance, subject to approval.

Where is this commercial land located?

The property is located at 1429 Chestnut Street Portsmouth, VA.

What is the asking price?

The asking price for this property is $42,000.

What are key features of this property?

This property features: Waterfront property with Waterfront features; Corner lot; Zoned commercial, with potential to qualify for an SF variance