0.21 Acres in Portsmouth, VA - $79,900

Land And Farms - Portsmouth, VA

Multifamily land in the highly sought after UR-M Zoning District. Rare opportunity to purchase land for a new four-family apartment building in Hampton Roads. Great location near Downtown Portsmouth, I-264, the Downtown Tunnel and within proximity to Norfolk Naval Shipyard. Property is 75 x 121 or 9,075 square feet. With a CUP it is possible to construct 5 units. Other choices include a duplex style no fee condominium, townhouses or even a single-family home-see attached Zoning Ordinance Summary. LOTS of new construction in the immediate area. Act now, there are no other similar properties for sale for the multifamily builder/investor.

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