Effingham St 2.2 Acres of Commercial Land Offered at $300,000 in Portsmouth, VA 23704

This ±2.2-acre parcel offers a prime development opportunity in one of Portsmouth’s most accessible and high-traffic corridors. Located at the foot of the I-264 on/off ramp along Effingham Street, the site benefits from exceptional visibility and direct interstate access, ensuring unmatched regional connectivity. With traffic counts of approximately 30,600 vehicles per day on Effingham Street and 65,400 vehicles per day on I-264, the property is ideally positioned to capture both local and commuter traffic. The site is strategically located less than 0.5 miles from Downtown Portsmouth, 0.6 miles from the Norfolk Naval Shipyard, and 1.0 mile from the Naval Medical Center Portsmouth. These major employment and visitor destinations generate strong daytime and weekend traffic, making the property highly attractive for retail, service, or mixed-use development. Zoned D1-T6, the parcel offers flexibility for a variety of commercial uses. With ±231 feet of direct frontage along Effingham Street, the property provides excellent visibility and branding potential. The surrounding area features a strong consumer base, steady traffic flow, and proximity to essential amenities, creating an ideal environment for businesses seeking high exposure and accessibility. This is a rare chance to secure a well-located development site in a growing market with strong demand drivers and limited availability of comparable parcels.