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    4829 Portsmouth Blvd Chesapeake, VA 23321

    Sponsored
    For Sale
    $800,000

    1.58 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.579-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Chesapeake, Virginia. Located at 4829 Portsmouth Blvd, this property boasts a prime location with exceptional visibility and accessibility. The zoning designation is R-15S, offering a range of potential development options for savvy investors. The substantial lot size provides ample space for a variety of commercial ventures. This strategic location on Portsmouth Blvd ensures high traffic volume, with a daily count exceeding 20,416 vehicles. This translates to significant exposure for any business established on this site, maximizing potential customer reach and brand visibility. The property's address is 4829 Portsmouth Blvd, Chesapeake, VA 23321. The asking price for this exceptional commercial land is $800,000. Given the desirable location, high traffic counts, and flexible zoning, this property represents a compelling investment opportunity with significant potential for future growth and profitability. Serious inquiries are encouraged to explore the possibilities this prime location offers. The property is conveniently located in Chesapeake, Virginia, offering easy access to major transportation routes and a vibrant local community. This is a rare opportunity to acquire a substantial commercial land parcel in a high-demand area.

    Property Features for 4829 Portsmouth Blvd

    General Information

    Property type
    Land
    Lot Size
    68,781 SF

    HighLights

    • 1.579‑acre commercial land parcel in Chesapeake, VA.
    • Prime location at 4829 Portsmouth Blvd with high visibility and accessibility.
    • R‑15S zoning allows for diverse development options.
    • High traffic count exceeding 20,416 vehicles daily on Portsmouth Blvd.
    • Asking price: $800,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Garcia Inc Heating Equipment Supplier

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Skin Care Clinic Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.4420507
    Latitude
    36.8164482

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    FAQs

    What type of property is this?
    Land - 1.58 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 4829 Portsmouth Blvd Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 1.579-acre commercial land parcel in Chesapeake, VA.; Prime location at 4829 Portsmouth Blvd with high visibility and accessibility.; R-15S zoning allows for diverse development options.
    Request Owner's contact information
    4829 Portsmouth Blvd Chesapeake, VA 23321
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    Chesapeake, VA 23321
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4829 Portsmouth Blvd Chesapeake, VA 23321
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