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Residential Land for Sale in Chesapeake, Virginia

427 Freeman Ave, Chesapeake, VA 23324

$125,000
0.08 acres
Active
Est $930/mo

Prime opportunity in Chesapeake's South Norfolk/Money Point area! This property is zoned M-2 (Heavy Industrial), offering excellent potential for commercial or industrial use. The parcel is approx. 3,572 sq ft and well-situated with convenient access to major thoroughfares, ports, and interstates.Onsite is a 2-bedroom, 1-bath home (approx. 1,016 sq ft) that can provide immediate rental income, office space, or temporary use while future plans are developed. The structure is a bonus, but the true value lies in the land and its versatile zoning, making this a rare find for investors, business owners, or developers seeking expansion opportunities.Capitalize on a location with strong growth, flexible uses, and multiple options for maximizing value.

Location

Street address
427 Freeman Ave
Community
Money Point
Elevation
7 feet
Coordinates
36.7866, -76.2929

Property details

Lot size
0.08 acres3,485 sq ft
Zoning
M2
MLS #
REIN 10607003
Posted

Property taxes

Recent
$917

Parcels

  • 1570000001470

Details and features

Listing

Type
Land

Exterior

Fencing
Fenced
Features
Habitable Dwelling

Nearby schools

NameLevelDistrictDescription
George W. Carver IntermediateElementary
Oscar Smith MiddleMiddle
Oscar SmithHigh

Listing history

DateEventPriceChangeSource
Oct 24, 2025New listing$125,000REIN
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This 0.08-acre property is located at 427 Freeman Ave in Chesapeake, VA 23324. The property is available for sale for $125,000.

Checked 38 mins ago — Updated

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