$125,000 | 427 Freeman Avenue
ACRES: 0.08
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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.
Property Details
| Listing Price | 125000.00 |
| MLS# | 10607003 |
| Listing Status | New |
| Listing Type | Land and Farms |
| Subdivision Name | MONEY POINT |
| Neighborhood Name | |
| Area Name | 31 - Central Chesapeake |
| Ownership | Simple |
| Listing Office | |
| Added to Website | Oct 21, 2025 |
| Acres | 0.0800 |
| Land Description | Interior,Level |
| Lot Size | Less Than 1/4 Acre |
| Improvements | None |
| Fence | Partial |
| Tree Description | None |
| Road Surface | Paved |
| Frontage | City / County |
| Water Description | Not Waterfront |
| Taxes | $917.00/yr |
Public Schools
| School District | Chesapeake Public Schools |
| Elementary School |
George W. Carver Intermediate (2 mi) 2601 Broad St Chesapeake, VA 23324 (757) 494-7505 |
| Middle School |
Oscar Smith Middle (2 mi) 2500 Rodgers St Chesapeake, VA 23324 (757) 494-7590 |
| High School |
Oscar Smith High (4 mi) 1994 Tiger Dr Chesapeake, VA 23320 (757) 548-0696 |
Private Schools
|
Cathedral Of Faith Christian School (1 mi) 2020 Portlock Rd, Chesapeake, VA 23324 (757) 545-8050 |
|
St Mark Christian Academy (3 mi) 2714 Frederick Blvd, Portsmouth, VA 23704 (757) 399-7176 |
|
Faith Diamond Christian Academy (3 mi) 1023 Deep Creek Blvd, Chesapeake, VA 23323 (757) 487-1800 |
|
Providence Christian School (3 mi) 501 Providence Rd, Chesapeake, VA 23325 (757) 523-6480 |
|
Portsmouth Christian School (3 mi) 3214 Elliott Ave, Portsmouth, VA 23702 (757) 393-0725 |
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