Residential Land for Sale in Portsmouth, Virginia

Exceptional development opportunity in Historic Olde Towne Portsmouth! 313 & 311 Dinwiddie St are being sold together, offering two adjacent vacant lots with outstanding redevelopment potential. City Planning has advised the HR (Historic Residential) zoning district permits multifamily residential development, subject to applicable zoning requirements, historic district regulations, site plan review, and City approvals. Ideally located just minutes from Naval Medical Center Portsmouth, Norfolk Naval Shipyard, Rivers Casino Portsmouth, the Children's Museum of Virginia, the Elizabeth River waterfront, Downtown Norfolk, shopping, dining, and major highways. Enjoy convenient access to military installations, hospitals, entertainment, and employment centers while investing in one of Portsmouth's most desirable historic neighborhoods. Whether you're a builder, developer, or investor, this is a rare opportunity to acquire two side-by-side parcels in a prime location with exceptional future potential. Buyer to verify all permitted uses and development requirements with the City of Portsmouth.