Chesapeake Land with M-2
For Sale
$95,000
427 Freeman Avenue, Chesapeake, VA 23324
LAND - Chesapeake, VA
Property Size1,016 SF
Lot Size0.08 Acres
Price / SF$93.50
Days on Market289
Property Features for 427 Freeman Avenue
General Information
Property type
Land
Property subtype
Other
Zoning
M2
Subdivision
MONEY POINT
Elementary school
George W. Carver Intermediate
Middle school
Oscar Smith Middle
Standard status
Active
Size
1,016 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
917
Utilities
Water front features
Waterfront
Listing Agency:
Real Broker LLC
(757) 520-0565
Listed By:
Robert Rogers
(855) 450-0442
Added: Oct 21, 2025
Changed: May 1
Last Checked: Aug 5 at 2:06PM
MLS# 10607003
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Investment Insights
Based on property information with market context.
This property in Chesapeake's South Norfolk/Money Point area presents a prime opportunity. Zoned M-2 (Heavy Industrial), it offers excellent potential for commercial or industrial use. The parcel is approximately 3,572 square feet and is well-situated with convenient access to major thoroughfares, ports, and interstates. Onsite is a 2-bedroom, 1-bath home of approximately 1,016 square feet that can provide immediate rental income, office space, or temporary use while future plans are developed. The structure is a bonus, but the true value lies in the land and its versatile zoning, making this a rare find for investors, business owners, or developers seeking expansion opportunities. Capitalize on a location with strong growth, flexible uses, and multiple options for maximizing value.
Key Highlights
- Zoned M‑2 (Heavy Industrial) offering excellent potential for commercial or industrial use.
- Prime location in Chesapeake's South Norfolk/Money Point area.
- Convenient access to major thoroughfares, ports, and interstates.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 23324, VA
24,239
Population
9,834
Households
2.5
Avg Household Size
34
Median Age
21%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,618
Density / Sq Mi
$57,774
Median Household Income
$39,642
Median Earnings
$1,145
Median Rent
$242,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial land - Land with M-2 zoning, ideal for commercial or industrial use.
Where is this industrial land located?
The property is located at 427 Freeman Avenue Chesapeake, VA.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Zoned M‑2 (Heavy Industrial) offering excellent potential for commercial or industrial use.; Prime location in Chesapeake's South Norfolk/Money Point area.; Convenient access to major thoroughfares, ports, and interstates.
