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    3709-3711 Victory Blvd Portsmouth, VA 23701

    Sponsored
    For Sale
    $2,500,000

    3 Acres, Prime Location, $2.5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3-acre commercial land parcel presents a unique investment opportunity in the vibrant city of Portsmouth, Virginia. Strategically located at 3709-3711 Victory Blvd, zip code 23701, this property boasts a highly desirable General Mixed Use zoning designation, opening doors to a wide array of development possibilities. Its prime location offers immediate access to I-264, ensuring excellent connectivity and accessibility for potential businesses and residents. The property's significant advantage lies in its position directly across the street from The Rivers Casino Portsmouth, guaranteeing high visibility and foot traffic. This translates to significant potential for retail, hospitality, or entertainment ventures. The asking price for this exceptional land is $2,500,000. Given its size, zoning, and strategic location, this property represents a compelling investment opportunity with substantial potential for future growth and return. The coordinates are 36.806448 latitude and -76.3562442 longitude. Serious inquiries are encouraged to explore the full potential of this remarkable development site.

    Property Features for 3709-3711 Victory Blvd

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • 3.0‑acre commercial land parcel
    • General Mixed Use zoning
    • Immediate I‑264 access
    • Across the street from Rivers Casino Portsmouth
    • Asking price: $2,500,000
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Portsmouth City
    State
    Virginia
    Longitude
    -76.3562442
    Latitude
    36.806448

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    FAQs

    What type of property is this?
    Land - 3 Acres, Prime Location, $2.5M
    Where is this land located?
    The property is located at 3709-3711 Victory Blvd Portsmouth, VA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 3.0-acre commercial land parcel; General Mixed Use zoning; Immediate I-264 access
    Request Owner's contact information
    3709-3711 Victory Blvd Portsmouth, VA 23701
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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
    3709-3711 Victory Blvd Portsmouth, VA 23701
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