3709-3711 Victory Blvd Portsmouth, VA 23701
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.