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    Norfolk, VA Waterfront Land for Sale

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    Portsmouth, VA Chesapeake, VA Virginia Beach, VA
    Waterfront Quad Multifamily Investment Opportunity
    $1,600,000
    3,810 SF

    Waterfront Quad Multifamily Investment Opportunity

    765 48th Street, Norfolk, VA 23508

    Unique waterfront quad with dock, ideal for investors/owner-occupants.

    • Rare waterfront property with direct deep water creek access.
    • Investment opportunity with quad multifamily units and 16 docks/boat slips.
    • Updated dock improvements (2026) including electrical and plumbing.
    • Large finished basement with full bath, heating/cooling, refrigerator, and sink.
    • Units 1 & 3 freshly painted (2025) with updated electrical and appliances.
    Updated: May 11
    View details
    Waterfront Lot in Norfolk, VA
    $559,000
    0.17 Acres

    Waterfront Lot in Norfolk, VA

    9719 21st Bay Street, Norfolk, VA 23518

    Armored waterfront lot suitable for single-family coastal house.

    • Armored waterfront lot with granite boulder bulkhead.
    • Unique granite boulder protection, found only in this area of Norfolk, VA.
    • Lot size: 50' x 150'.
    • Coastal house footprint: 35' x 67.8'.
    • Waterfront property.
    Updated: Mar 26
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    Water View Lot For Sale
    $175,000

    Water View Lot For Sale

    Water view lot in sought-after Ocean View neighborhood.

    9530 16th Bay St, Norfolk, VA 23518
    View details
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Land on Mill Creek
    $295,000
    0.50 Acres

    Waterfront Land on Mill Creek

    Half-acre deep waterfront lot with unobstructed Chesapeake Bay views.

    17 Seaview Drive, Hampton, VA 23664
    View details
    Waterfront Land in Chesapeake, VA
    $55,000
    0.27 Acres

    Waterfront Land in Chesapeake, VA

    Building lot in Chesapeake with waterfront and city utilities.

    1208 Railroad Avenue, Chesapeake, VA 23324
    View details
    Waterfront Land Across From Crossings
    $350,000
    1.24 Acres

    Waterfront Land Across From Crossings

    1.24 acres of B-1 zoned waterfront land for sale.

    128 GEORGE WASHINGTON S Highway, Chesapeake, VA 23323
    View details
    Waterfront Lot on Mill Creek
    $295,000
    0.50 Acres

    Waterfront Lot on Mill Creek

    Half acre deep waterfront lot on Mill Creek.

    17 Seaview Drive, Hampton, VA 23664
    View details

    Norfolk, VA Waterfront Land Investment Opportunities Market Analysis

    Explore 3 waterfront land for sale in Norfolk, VA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 3,810 square feet of properties for sale, with an estimated market value of $1,600,000.

    Sale prices for water rights properties in Norfolk, VA start at $1,600,000, averaging $1,600,000, and reaching up to $1,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial land 14
    Residential land & home lots 7
    Waterfront Land 4

    Property Size Breakdown

    The majority of commercial real estate listings in Norfolk fall within the under-1-acre range.

    Demographics Overview

    Population 235K
    Population Growth (5Y) -4.3%
    Median Household Income $64,747
    College Educated 29.0%

    High-Yield Neighborhoods for Investment

    Identify Norfolk submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    23518 $367K
    23508 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.27%
    Property Tax per SF $9.43 per sq ft
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

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    Most Searched ZIP Codes in Norfolk, VA

    • 23518
    • 23508

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