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    Afton Pkwy & Farragut St Portsmouth, VA 23702

    Sponsored
    For Sale
    Contact for pricing

    Prime Portsmouth location, flexible parcels.

    Property size:
    1,827 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land offering presents a unique investment opportunity in the vibrant city of Portsmouth, Virginia. Located at the intersection of Afton Parkway and Farragut Street, this property boasts convenient access to major transportation arteries, including Interstate 264 and the Downtown Tunnel, ensuring seamless connectivity throughout the Hampton Roads region. The site comprises multiple parcels ranging from 0.06 to 0.17 acres, offering flexibility for various development scenarios. Each parcel can be purchased individually, providing buyers with tailored options to suit their specific needs and investment strategies. The permitted zoning is HLB, allowing for a range of commercial uses. Building sizes can accommodate projects ranging from 1,827 to 4,430 square feet. This prime location benefits from close proximity to a variety of retail shops, restaurants, the Rivers Casino, and the Norfolk Naval Shipyard, ensuring high visibility and strong potential for attracting customers and tenants. This is an ideal opportunity for developers, investors, or businesses seeking a strategic location in a thriving commercial area. The property's strategic location and flexible parcel options make it an attractive investment prospect with significant potential for future growth and profitability. Contact us today to learn more about this exciting opportunity.

    Property Features for 0 Afton Pkwy & Farragut St

    General Information

    Property type
    Retail properties
    Square Feet
    1,827 SF
    Lot Size
    2,614 SF

    HighLights

    • Excellent retail, dining, and entertainment options nearby, including Rivers Casino and Norfolk Naval Shipyard.
    • Convenient access to I‑264 and the Downtown Tunnel.
    • Individual parcel sales available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Portsmouth
    County
    Portsmouth
    State
    Virginia
    Longitude
    -76.3160897
    Latitude
    36.8010012

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    FAQs

    What type of property is this?
    Retail property - Prime Portsmouth location, flexible parcels.
    Where is this retail property located?
    The property is located at Afton Pkwy & Farragut St Portsmouth, VA.
    What are key features of this property?
    This property features: Excellent retail, dining, and entertainment options nearby, including Rivers Casino and Norfolk Naval Shipyard.; Convenient access to I-264 and the Downtown Tunnel.; Individual parcel sales available.
    Request Owner's contact information
    Afton Pkwy & Farragut St Portsmouth, VA 23702
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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
    Afton Pkwy & Farragut St Portsmouth, VA 23702
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