1481 Effingham Street, Portsmouth, VA for sale

Investment Overview

Prime ±2.2-acre parcel located at the foot of the I-264 on/off ramp along Effingham Street in Portsmouth, VA. The site is strategically positioned less than 0.5 miles from Downtown Portsmouth, 0.6 miles from the Norfolk Naval Shipyard, and 1.0 mile from the Naval Medical Center Portsmouth — all major regional employment and visitor destinations that generate steady daytime and weekend traffic. With its exceptional visibility, direct interstate access, and strong commuter and visitor base, this property offers an ideal development opportunity in one of Portsmouth’s most accessible and high-traffic corridors.

Investment Highlights

• High traffic counts: Effingham St at 30,600 VPD and I-264 at 65,400 VPD
• Excellent visibility with ±231 feet of direct frontage along Effingham St
• Immediate on/off access to I-264, providing unmatched regional connectivity
• 0.6 miles to Norfolk Naval Shipyard, a major employment hub with thousands of daily workers
• 1.0 mile to Naval Medical Center Portsmouth, one of the region’s primary medical campuses
• Zoning: D1-T6