817 High St Portsmouth, VA 23704
This exceptional 1.06-acre commercial land parcel, located at 817-833 High Street in Portsmouth, Virginia (zip code 23704), presents a remarkable redevelopment opportunity. The property is ideally situated for a variety of uses, including multi-family residential, multiple retail stores, a restaurant, or flexible commercial space. The lot's size and location offer significant potential for a substantial development project. Specifically, the lot at 833 High Street offers ample space for a new building or a dedicated parking area. Adding to its appeal, an adjacent property is also available for purchase, presenting the possibility of a larger, more comprehensive development. This corner lot provides excellent visibility and accessibility, making it an attractive location for businesses and residents alike. The property is further enhanced by its location on a bus line and the presence of a fence around the perimeter. The asking price for this prime redevelopment opportunity is $1,195,000. This is a rare chance to acquire a significant piece of commercial real estate in a thriving Virginia city. Don't miss this chance to shape the future of this vibrant area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
T5 · Portsmouth, VAPortsmouth. Always verify with local authorities before improvements.
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.