Prime Residential Land in Portsmouth, Virginia

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The City of Portsmouth, Virginia is offering two residential land properties for auction on GovDeals.com. These property auctions have a view only time frame from June 17 through July 16, 2024 at 9:59am. Bidding will be open from July 16, 2024, at 10:00 am through July 22, 2024, at 2:00 pm.

Prime Mixed Use Commercial Land- 6.759 acres

Parcel 1: 6.759± acres Cygnus Newport Phase 1C; Parcel 1A Subdivision of Parcel 1 New Port a/k/a 3001

Greenwood Dr.; Tax Map ID No. 0524-0031.

Zip 23701-4343

Prime Mixed Use Commercial Land- 18.87 acres

Parcel 2: 18.871± acres Cygnus Newport Phase 1C; Parcel 2 on Plat entitled Pump Station Site and Right-of-

Way Dedication for the Subdivision of New Port a/k/a 0 Greenwood Dr.; Tax Map ID No. 0524-0032.

Zip - 23702

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A Rare Development Opportunity. The Successful Buyer will have the opportunity to build a residential and/or

commercial development that is adjacent to the existing New Port Development, the Historic Bide-a-Wee Golf

Course, Tidewater Community College, and Rivers Casino. The area is served by public transit and is located within minutes of the Victory Boulevard exit off Interstate 264. This location is also within minutes of Interstate 64 and State Route 58, which will allow a smooth commute to most major employers in the area, including the fifteen (15) military installations located in the Hampton Roads region. Norfolk Naval Shipyard and Naval Medical Center Portsmouth are both located in Portsmouth and Naval Station Norfolk, the world’s largest naval base is located across the Elizabeth River in Norfolk. This location is also forty minutes from the Virginia Beach oceanfront.

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To be eligible for bidding, there are three requirements:

1) Become a registered bidder with GovDeals.

2) Submit a bid deposit. 

3) Subscribe to the Portsmouth Real Estate, VA tier. 

Portsmouth, VA will consider approving only those bidders who have requested tier access AND who have submitted their bid deposit. 

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Please see auction page for additional information and all documents needed for bidding. 

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This residential real estate auction is being held online on GovDeals.

Auction #19558, ending 7/22/2024. 

To see full details, additional photos and current bid, please use this link - https://govdeals.bid/3KNpzkB

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