Multifamily Redevelopment Land
For Sale
$9,359,000
1909 Commerce Drive, Hampton, VA 23666
Redevelopment land zoned MD-4 along Commerce Drive, entitled for up to 382 multifamily units.
Property SizeContact for details
Lot Size4.88 Acres
Days on Market91
Property Features for 1909 Commerce Drive
General Information
Standard status
Active
Lot size
4.88 Acres
Property subtype
Land
Zoning
MD-4
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Multifamily Units
382
Listing Agency:
S.L. Nusbaum Realty Co - Corporate
(804) 821-9042
Listed By:
Emma Will · License #0225205935
(804) 821-9042
Source:
Slnusbaum
Added: May 14
Changed: Aug 8
Last Checked: May 15 at 4:54AM
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 S.L. Nusbaum Realty Co - Corporate
Investment Insights
Based on property information with market context.
This redevelopment land parcel totals 4.88 acres and is zoned MD-4, allowing multifamily by-right. The site is entitled for up to 382 units, supporting larger-scale multifamily development planning.
The property is located along Commerce Drive with access to I-64 and Mercury Boulevard. It is also described as being close to the Hampton Coliseum and nearby business and retail destinations, including Hampton Roads Convention Center, Peninsula Town Center, and Coliseum Marketplace.
The site is identified as being situated in an Opportunity Zone within the Coliseum Central District. It is positioned near major employment areas referenced in the remarks, including military, aerospace, healthcare, and port-related employers.
The property is located along Commerce Drive with access to I-64 and Mercury Boulevard. It is also described as being close to the Hampton Coliseum and nearby business and retail destinations, including Hampton Roads Convention Center, Peninsula Town Center, and Coliseum Marketplace.
The site is identified as being situated in an Opportunity Zone within the Coliseum Central District. It is positioned near major employment areas referenced in the remarks, including military, aerospace, healthcare, and port-related employers.
Key Highlights
- 4.88‑acre redevelopment site along Commerce Drive with access to I‑64 and Mercury Boulevard
- Zoned MD‑4, allowing multifamily by‑right
- Entitled for up to 382 multifamily units
Property Analytics
Property Profile
Current Use
Lease Details
382
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Explore this area
Business Placement
Demographics for 23666, VA
52,845
Population
25,117
Households
2.1
Avg Household Size
37
Median Age
27%
College-Educated
91%
High-School Grad
19.4 sq mi
ZIP Area
2,724
Density / Sq Mi
$70,798
Median Household Income
$42,552
Median Earnings
$1,439
Median Rent
$241,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Redevelopment land zoned MD-4 along Commerce Drive, entitled for up to 382 multifamily units.
Where is this residential land & home lot located?
The property is located at 1909 Commerce Drive Hampton, VA.
What is the asking price?
The asking price for this property is $9,359,000.
What are key features of this property?
This property features: 4.88‑acre redevelopment site along Commerce Drive with access to I‑64 and Mercury Boulevard; Zoned MD‑4, allowing multifamily by‑right; Entitled for up to 382 multifamily units
