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    240 Beazley Dr Portsmouth, VA 23701

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    For Sale
    Contact for pricing

    Prime 0.57-acre corner lot in Portsmouth, VA.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.57-acre commercial land parcel presents a unique development opportunity in the vibrant city of Portsmouth, Virginia. Situated on a highly visible corner lot at 240 Beazley Dr, zip code 23701, this property offers unparalleled potential for a variety of commercial ventures. Its convenient location provides easy access to major roadways and a thriving local community. The lot's size allows for ample space to construct a substantial building, catering to a range of commercial needs. The property's classification as commercial land ensures flexibility in development plans, allowing for creative and innovative designs. Furthermore, its strategic proximity to the Rivers Casino, less than one mile away, offers significant advantages in terms of foot traffic and potential customer base. This prime location, combined with the generous lot size, makes this property an exceptional investment opportunity for developers seeking a high-impact project in a rapidly growing area. The address is precisely 240 Beazley Dr, Portsmouth, VA 23701, with GPS coordinates of 36.798991 latitude and -76.3500679 longitude. This is a rare chance to acquire a well-positioned commercial lot ready for immediate development. Don't miss this chance to capitalize on this prime location and build your next successful venture.

    Property Features for 240 Beazley Dr

    General Information

    Property type
    Land
    Lot Size
    24,829 SF

    HighLights

    • Less than 1 mile to Rivers Casino.
    • High‑traffic location with excellent visibility.
    • Ample on‑site parking available.
    • Modern, efficient floor plan.
    • Strong tenant base with long‑term leases.
    • Recently renovated interior and exterior.
    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 Clothing Store Building Supply 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
    -76.3500679
    Latitude
    36.798991

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    FAQs

    What type of property is this?
    Land - Prime 0.57-acre corner lot in Portsmouth, VA.
    Where is this land located?
    The property is located at 240 Beazley Dr Portsmouth, VA.
    What are key features of this property?
    This property features: Less than 1 mile to Rivers Casino.; High-traffic location with excellent visibility.; Ample on-site parking available.
    (757) 640-8210
    Request Owner's contact information
    240 Beazley Dr Portsmouth, VA 23701
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    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
    240 Beazley Dr Portsmouth, VA 23701
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