About 427 Freeman Ave
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.
Features of 427 Freeman Ave
| MLS® # | 10607003 |
|---|---|
| Price | $95,000 |
| Bathrooms | 0.00 |
| Acres | 0.08 |
| Type | Land and Farms |
| Status | Active |
Community Information
| Address | 427 Freeman Ave |
|---|---|
| Area | Central Chesapeake |
| Subdivision | MONEY POINT |
| City | Chesapeake |
| State | Virginia |
| Zip Code | 23324 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Is Waterfront | No |
| Waterfront | Not Waterfront |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Interior, Level |
|---|
School Information
| Elementary | George W. Carver Intermediate |
|---|---|
| Middle | Oscar Smith Middle |
| High | Oscar Smith |
Additional Information
| Days on Market | 289 |
|---|---|
| Zoning | M2 |
| Short Sale | No |
| RE / Bank Owned | No |