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Adjacent Vacant Residential Lots
For Sale
$139,900
Pending

311 Dinwiddie St, Portsmouth, VA 23704

Two side-by-side vacant lots are offered together, with HR zoning allowing multifamily residential subject to approvals.

Property SizeContact for details
Days on Market27

Property Features for 311 Dinwiddie St

General Information

Standard status Pending
Property subtype Land
Zoning HR

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $1,210
Listing Agency: United Real Estate Richmond
Listed By: Brian Hosein · License #0225093253
Source: Elliman
Added: Jul 17 Changed: Aug 8 Last Checked: Jul 17 at 2:34AM

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 United Real Estate Richmond

Investment Insights

Based on property information with market context.

This offering includes two adjacent, vacant residential lots sold together: 311 and 313 Dinwiddie St. City Planning has advised the HR (Historic Residential) zoning district permits multifamily residential development, subject to applicable zoning requirements, historic district regulations, site plan review, and City approvals. Buyer is responsible for verifying all permitted uses and development requirements with the City of Portsmouth.

The properties are located in Historic Olde Towne Portsmouth. The public remarks note convenient access to Naval Medical Center Portsmouth, Norfolk Naval Shipyard, Rivers Casino Portsmouth, the Children’s Museum of Virginia, the Elizabeth River waterfront, Downtown Norfolk, shopping, dining, and major highways.

Zoning and historic overlay constraints will apply, and prospective buyers should plan for the site plan and approval process required for any multifamily development.

Key Highlights

  • 311 & 313 Dinwiddie St offered together as two adjacent vacant lots for redevelopment
  • City Planning: HR (Historic Residential) zoning district permits multifamily residential development, subject to approvals and requirements
  • Development of multifamily uses is subject to historic district regulations, site plan review, and City approvals

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Garden Center Florist Veterinary Clinic Furniture & Home Goods

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

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,950
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Two side-by-side vacant lots are offered together, with HR zoning allowing multifamily residential subject to approvals.
Where is this residential land & home lot located?
The property is located at 311 Dinwiddie St Portsmouth, VA.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 311 & 313 Dinwiddie St offered together as two adjacent vacant lots for redevelopment; City Planning: HR (Historic Residential) zoning district permits multifamily residential development, subject to approvals and requirements; Development of multifamily uses is subject to historic district regulations, site plan review, and City approvals
More about this property
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