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3622 George Washington Hwy 0.45 Acres of Commercial Land Offered at $139,000 in Portsmouth, VA 23702
Investment Highlights
- 45 Acre cleared site, at signalized intersection, ready for development.
- Highly visible & easily-accessible site from both directions of travel on George Washington Hwy.
- Zoned GMU (General Mixed Use) – allows most residential, retail, office, service & healthcare uses.
- Zoning may permit development of 8 apartments or at least 2 single family homes.
Executive Summary
This 0.45-acre cleared development site offers a prominent position at a signalized intersection along George Washington Highway in Portsmouth, VA. Zoned GMU (General Mixed Use), the property allows for a wide range of uses including residential, retail, office, medical, and service-oriented businesses. The location ensures exceptional visibility and accessibility from both northbound and southbound traffic, providing a solid foundation for future development.
The property benefits from its proximity to the intersection with Frederick Boulevard, facilitating easy access to major thoroughfares and surrounding neighborhoods. This high-traffic corridor supports strong connectivity to Downtown Portsmouth, I-264, regional ports, and nearby commercial hubs. Zoning permits flexible development options, including the potential for up to eight multifamily units or two single-family homes.
The parcel is available immediately, making it a cost-effective opportunity for developers or investors seeking a versatile infill site in a growing metropolitan area.
The property benefits from its proximity to the intersection with Frederick Boulevard, facilitating easy access to major thoroughfares and surrounding neighborhoods. This high-traffic corridor supports strong connectivity to Downtown Portsmouth, I-264, regional ports, and nearby commercial hubs. Zoning permits flexible development options, including the potential for up to eight multifamily units or two single-family homes.
The parcel is available immediately, making it a cost-effective opportunity for developers or investors seeking a versatile infill site in a growing metropolitan area.
Property Facts
| Price | $139,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.45 AC |
| Property Type | Land | ||
| Zoning | GMU - General Mixed Use | ||
| Price | $139,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.45 AC |
| Zoning | GMU - General Mixed Use |
1 Lot Available
Lot
| Price | $139,000 | Lot Size | 0.45 AC |
| Price Per AC | $308,888.89 |
| Price | $139,000 |
| Price Per AC | $308,888.89 |
| Lot Size | 0.45 AC |
Description
The property consists of 0.45 acres located at the intersection of George Washington Highway and Frederick Boulevard in Portsmouth, Virginia. The site is zoned General Mixed Use (GMU) per city planning regulations, which permits a combination of commercial and residential development. It is positioned along a primary traffic corridor within proximity to arterial routes and regional port facilities. The parcel has access from George Washington Highway and is cleared for development.
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0469-0290 | Improvements Assessment | $0 |
| Land Assessment | $180,380 | Total Assessment | $180,380 |
Property Taxes
Parcel Number
0469-0290
Land Assessment
$180,380
Improvements Assessment
$0
Total Assessment
$180,380
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3622 George Washington Hwy
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