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C-1 Commercial Land
For Sale
$120,000

1500 E PRINCESS ANNE Road, Norfolk, VA 23505

Land and Farms, Norfolk, VA

Property SizeContact for details
Lot Size0.22 Acres
Days on Market52

Property Features for 1500 E PRINCESS ANNE Road

General Information

Property type Land
Property subtype Other
Subdivision BARRAUD PARK
Elementary school Jacox Elementary
Middle school Ruffner Academy
Standard status Active
Lot size 0.22 Acres

Taxes and HOA fees

Tax Annual Amount 1279
Listing Agency: BHHS RW Towne Realty · Berkshire Hathaway HomeServices
Listed By: Janette Woodruff
Added: Sep 9 Changed: Oct 2 Last Checked: Oct 30 at 2:06AM
MLS# 10652933

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.

Rey
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Investment Insights

Based on property information with market context.

This 0.216-acre commercial parcel is currently used for parking and carries C-1 zoning. The district allows a range of commercial uses, including retail stores, restaurants, cafes, professional offices, and medical or dental offices. Certain uses may require a Conditional Use Permit from the city, depending on the proposed business.

A billboard contract with Adams Outdoor runs through October 2028. The property is located at 1500 E Princess Anne Road in Norfolk. Building and permit inquiries are directed to the City of Norfolk.

Key Highlights

  • 0.216‑acre commercial land parcel
  • Currently configured and used as a parking lot
  • C‑1 zoning

Property Analytics

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Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Dental Office Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

488
Businesses Nearby

Demographics for 23505, VA

27,785
Population
13,715
Households
2
Avg Household Size
32
Median Age
32%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
4,210
Density / Sq Mi
$55,678
Median Household Income
$40,814
Median Earnings
$1,279
Median Rent
$318,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - A parking-lot configuration and C-1 zoning define the site’s current commercial use and land-use designation.
Where is this commercial land located?
The property is located at 1500 E PRINCESS ANNE Road Norfolk, VA.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 0.216‑acre commercial land parcel; Currently configured and used as a parking lot; C‑1 zoning
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