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Lot/land
    • $95,000

    427 Freeman Ave, Chesapeake, VA 23324

    --beds
    --baths
    3,484Square Feet
    Unimproved Land
    Built in ----
    3,484 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    262 days
    |
    249
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Robert Rogers,

    Real Broker LLC 757-520-0565

    Source: REIN Inc.,MLS#: 10607003MLS Logo

      Facts & features

      Property

      Features
      • Fencing: Partial,Fenced
      • Waterfront features: Not Waterfront
      • Frontage length: 30
      Lot
      • Size: 3,484 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 is unavailable.

        Public tax history

        YearProperty taxesTax 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%
        2022$728 +69%$69,300 +69%
        2021$431 $41,000 -2.8%
        2020-- $42,200 +0.5%
        2019$441 +17%$42,000 +17%
        2018$377 +1.7%$35,900 +1.7%
        2017$371 +0%$35,300
        2016$371 $35,300
        2015$371 $35,300
        2014$371 -12.4%$35,300 -12.4%
        2013$423 $40,300
        2012$423 -13.3%$40,300 -13.3%
        2011$488 -2.7%$46,500 -2.7%
        2010$502 -2.8%$47,800 -2.8%
        2009$517 -7.3%$49,200 -7.3%
        2008$558 -0.4%$53,100 +0.6%
        2007$560 -2.1%$52,800 +2.5%
        2006$572 +26.2%$51,500 +45.5%
        2004$453 +18.8%$35,400 +18.8%
        2003$381 +4.2%$29,800 +4.2%
        2002$366 $28,600
        2001$366 $28,600
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: South Norfolk

        Getting around

        10 / 100
        Car-Dependent
        20 / 100
        Minimal Transit
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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