#1 • Lot 1 - 4807 Portsmouth Blvd., Chesapeake
Part of Nov. 4th, 2026 - Nov. 18th, 2026 - Commercial/Development Private Auction (timed auction by Virginia Auction Company)
Starting at $400,000.00
Status: Available
Bidding closes Nov 18, 2026 10:05 AM EST
PRIME COMMERCIAL DEVELOPMENT OPPORTUNITY High-Visibility Parcel in Chesapeake’s Western Branch Corridor Location: 4807 Portsmouth Blvd, Chesapeake, VA 23321 Auction Lot: High-Potential Mixed-Use / Commercial Site PROPERTY OVERVIEW Unlocks incredible potential for developers, investors, or business owners looking to capitalize on growth in Western Branch! Situated directly along Portsmouth Blvd (Rt. 337) near the high-traffic intersection of Jolliff Road, this 0.415-acre parcel boasts 110 ft of direct road frontage and ideal exposure. The site currently features a 1,712 sq. ft. residential structure with full central A/C and forced hot air, offering options for rental income during planning, adaptive reuse, or complete re-development. KEY HIGHLIGHTS FOR DEVELOPERS Prime Location & Accessibility: Fronts major commercial corridor Route 337 with direct connectivity to I-664and Western Branch Blvd, capturing heavy daily traffic counts. Commercial Potential: Assessors office historical records reflect conversion potential to commercial system (RES TO COMM), perfectly matching surrounding commercial expansion. Surrounding Retail & Amenities: Minutes from major retail anchors including Lowe’s Home Improvement, Walmart Supercenter, BJ’s Wholesale Club, ALDI, Tractor Supply Co., dining, and medical centers. Utilities & Infrastructure: Direct frontage with municipal utility access and recorded drainage easements in place. PROPERTY & ASSESSMENT DETAILS Legal Description: B SUB PROP OWNED BY FRANCIS GAIL & JEAN KING PARKE Parcel ID: 0150000001092 Acreage: 0.415 Acres Frontage: 110.00 ft Zoning: R15S (Residential - High re-zoning/commercial transition potential based on location) Current Total Assessed Value (FY 2027): $380,100 Land Assessment: $175,000 Improvement Assessment: $205,100 Bidder Note: Buyers are encouraged to complete due diligence with the City of Chesapeake Planning & Zoning Department (757-382-6018) regarding rezoning and commercial expansion permits
