Commercial Land for Sale in Portsmouth, Virginia, offers a unique opportunity for investors and businesses to establish a presence in this historic city. With a rich history dating back to the early 17th century, Portsmouth has evolved into a hub for tourism, arts, and culture, making it an attractive location for commercial investments. Commercial Land in Portsmouth can represent a wide range of investments, from retail and office spaces to industrial and recreational facilities. The city's strategic location, with access to major transportation facilities, including the Norfolk International Airport and Interstate 264, makes it an ideal spot for businesses that require easy connectivity. Additionally, Portsmouth's amenities, such as the Rivers Casino Portsmouth, Portsmouth City Park, and the Railroad Museum of Virginia, contribute to its appeal as a great place to live, work, and visit. The city's strong sports presence, with events like the Portsmouth Invitational Tournament, also adds to its charm. With a population of around 100,000, Portsmouth offers a diverse and growing market for businesses to tap into.
Portsmouth's Commercial Land for Sale market offers a range of opportunities, with 7 listings available. The average price per square foot for Commercial Land in Portsmouth is $229 USD, with an average size of 6,203 square feet. The largest Commercial Land listing available is 9,608 square feet, offering ample space for businesses to grow. In addition to Commercial Land, Portsmouth also offers other property types, such as residential properties, office spaces, and industrial facilities. The city's strong economy, driven by tourism, arts, and culture, makes it an attractive location for businesses and investors alike. With its rich history, cultural attractions, and strategic location, Portsmouth is an ideal place to invest in Commercial Land.
What are common commercial uses for land in the Portsmouth market?
Commercial land in Portsmouth is often utilized for various purposes, including retail and office spaces, restaurants, and entertainment venues, taking advantage of the city's tourist attractions and proximity to the Elizabeth River. Additionally, the land is also used for industrial and manufacturing purposes, leveraging the city's access to major transportation facilities, such as the Norfolk International Airport and the Port of Virginia.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Portsmouth, Virginia, there are several common ways to do so. For instance, investors can buy land directly from private sellers, real estate agents, or online marketplaces like CityFeet.com, which currently lists 7 available commercial land listings, with an average price per square foot of $229 USD and an average size of 6,203 square feet.
Before making a purchase, it's essential to research the local market and understand the development process. If you're new to land investment, it's a good idea to start by reading our guide on how to buy land, which covers the basics of land investment and can help you make an informed decision. With the right knowledge and strategy, buying land in Portsmouth can be a lucrative investment opportunity, especially considering the city's growing economy and infrastructure development.
