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Adjacent Vacant Development Lots
For Sale
$139,900
Pending

313 Dinwiddie St, Portsmouth, VA 23704

Two side-by-side vacant lots are offered together, with Historic Residential zoning supporting multifamily development subject to approvals.

Property SizeContact for details
Days on Market27

Property Features for 313 Dinwiddie St

General Information

Standard status Pending
Property subtype Land
Zoning HR

Taxes and HOA fees

Annual Taxes $811
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 2:26AM

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 listing offers two adjacent vacant lots sold together at 313 and 311 Dinwiddie St. The City Planning Office has advised that the Historic Residential (HR) zoning district permits multifamily residential development, subject to applicable zoning requirements, historic district regulations, site plan review, and City approvals.

The parcels are positioned in Historic Olde Towne Portsmouth and are described as minutes from Naval Medical Center Portsmouth and Norfolk Naval Shipyard, as well as Rivers Casino Portsmouth, the Children’s Museum of Virginia, and the Elizabeth River waterfront, with convenient access to Downtown Norfolk, shopping, dining, and major highways.

Buyer to verify all permitted uses and development requirements with the City of Portsmouth.

Key Highlights

  • Two adjacent vacant lots sold together: 313 and 311 Dinwiddie St
  • Historic Residential (HR) zoning district permits multifamily residential development, subject to zoning requirements and City approvals
  • Multifamily development is subject to historic district regulations and site plan review

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.

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 Historic Residential zoning supporting multifamily development subject to approvals.
Where is this residential land & home lot located?
The property is located at 313 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: Two adjacent vacant lots sold together: 313 and 311 Dinwiddie St; Historic Residential (HR) zoning district permits multifamily residential development, subject to zoning requirements and City approvals; Multifamily development is subject to historic district regulations and site plan review
More about this property
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