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.
Lot/land
$125,000
427 Freeman Ave, Chesapeake, VA 23324
--beds
--baths
3,484.8Square Feet
Unimproved Land
Built in ----
3,484.8 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 51 days |
- 195 |
- 10 |
Zillow last checked: 8 hours ago
Listing updated: October 29, 2025 at 05:59pm
Listed by:
Robert Rogers,
Real Broker LLC 757-520-0565
Source: REIN Inc.,MLS#: 10607003
Facts & features
Property
Features
- Fencing: Partial,Fenced
- Waterfront features: Not Waterfront
- Frontage length: 30
Lot
- Size: 3,484.8 Square Feet
- Dimensions: 120 x 30
- Features: Interior Lot, Level, Less Than 1/4 Acre
Details
- Additional structures: Residence
- Parcel number: 1570000001470
- Zoning: M2
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Money Point
Location
- Region: Chesapeake
Financial & listing details
- Tax assessed value: $73,800
- Annual tax amount: $917
- Date on market: 10/21/2025
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,479/mo
Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $745 -18.7% | $73,800 -18.7% |
| 2024 | $917 +14.6% | $90,800 +14.6% |
| 2023 | $800 +9.9% | $79,200 +14.3% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: South Norfolk
Nearby schools
GreatSchools rating
- NAPortlock Primary SchoolGrades: PK-2Distance: 1.3 mi
- 7/10Oscar Smith Middle SchoolGrades: 6-8Distance: 1.5 mi
- 3/10Oscar F. Smith High SchoolGrades: 9-12Distance: 3.8 mi
Schools provided by the listing agent
- Elementary: George W. Carver Intermediate
- Middle: Oscar Smith Middle
- High: Oscar Smith
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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