0 Afton Pkwy & Farragut St Portsmouth, VA 23702
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.