641 days on market
$1,700,000
1601 Marshall Avenue
Portsmouth, Virginia 23704
MLS# 10546046 · ALL OTHERS AREA 21 · Portsmouth VA
Updated Nov 17, 2025 · Source: REIN MLS
Est. payment
$10,796/mo
Edit below
Price / sq ft
$7
249,991 sq ft
Days on market
641
HOA
None
Year built
N/A
Beds
0
Full Baths
0
Half Baths
0
Sq Ft
249,991
Garage
No
About this home
This property is being SOLD AS IS.
Listed by Michael Bond · Michael J. Bond Realty Inc.
VaHome Team property overview
1601 Marshall Avenue is a substantial commercial and industrial property in Portsmouth, Virginia — nearly 5.75 acres of land with roughly 250,000 square feet of space sitting just minutes from Norfolk Naval Shipyard and USCG Base Portsmouth. Few sites in the region offer this kind of scale this close to active federal installations.
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Why this home stands out
Scale and location rarely align this well. At 5.7395 acres with approximately 249,991 square feet, 1601 Marshall Avenue is one of the larger commercial and industrial footprints you'll find this close to two major federal facilities. Norfolk Naval Shipyard is a three-minute drive away, and USCG Base Portsmouth is four minutes out — a positioning that makes this address genuinely hard to replicate anywhere else in Hampton Roads.
ALL OTHERS AREA 21 and the Portsmouth real estate market
1601 Marshall Avenue sits within Portsmouth's ALL OTHERS AREA 21 designation — a working, industrially rooted section of the city that has long served the maritime and defense economy anchoring this part of Hampton Roads. Portsmouth itself carries real character: a walkable Olde Towne historic district, a working waterfront, and a civic identity shaped by centuries of naval history. If you've been searching for houses for sale in portsmouth va, you already know this city punches above its weight in terms of access and affordability relative to its neighbors across the Elizabeth River. The area around Marshall Avenue reflects Portsmouth's practical, no-nonsense side — close to the water, close to the bases, and connected to the broader regional road network without the congestion that defines more commercial corridors. It's a part of the city that rewards buyers who understand what proximity to federal infrastructure actually means for long-term value.
What's nearby
Day-to-day convenience is within easy reach of 1601 Marshall Avenue. Lansing Park is just 0.2 miles away, and the Truxtun Historic District — a notable green and civic space — is 0.4 miles out. MWR Scott Annex Park is half a mile from the property. For a quick bite, Cuzzoz Kitchen, Ziggy's Street Eats, and Jem's 'Take A Plate' are all within 0.3 miles. Mariner's Reef Cafe is 0.6 miles away for a more relaxed coffee stop. Dollar General, BP, and Amoco are all within 0.4 miles for everyday essentials. Callaghan Gym and Fitness Center is just 0.5 miles from the address.
For different buyers
For military families relocating
Norfolk Naval Shipyard is three minutes from this address — and USCG Base Portsmouth is four. For anyone working at either installation, that kind of commute is genuinely rare. BAH rates in Portsmouth reflect the broader Hampton Roads market, and a VA loan can open doors for eligible buyers exploring the full range of property types available here.
For buyers drawn to character
Portsmouth has layers that newer development corridors simply don't have — maritime history, a genuine Olde Towne, and neighborhoods shaped by real industry. If you're drawn to homes for sale in portsmouth va because you want a city with actual bones, the area around Marshall Avenue delivers that authenticity in full. This is a city that has been doing real work for a very long time.
Frequently asked questions
How far is 1601 Marshall Avenue from Norfolk Naval Shipyard?
Norfolk Naval Shipyard is approximately a 3-minute drive from 1601 Marshall Avenue, making this one of the closest large-footprint properties to the installation in the Portsmouth area.
How far is 1601 Marshall Avenue from USCG Base Portsmouth?
USCG Base Portsmouth is roughly a 4-minute drive from the property — an exceptionally short commute for anyone assigned or working at that installation.
What is the lot size and building size at 1601 Marshall Avenue?
The property sits on approximately 5.7395 acres and includes roughly 249,991 square feet of commercial and industrial space — a significant footprint by any measure in the Hampton Roads market.
Is 1601 Marshall Avenue in a flood zone?
Flood zone information for 1601 Marshall Avenue is displayed in the dedicated FloodRisk tile on this page, which reflects the most current FEMA mapping data for this address.
What neighborhood is 1601 Marshall Avenue located in?
The address falls within Portsmouth's ALL OTHERS AREA 21 designation — an industrially characterized section of the city with strong proximity to the waterfront and both major nearby federal installations.
Want to know more about 1601 Marshall Avenue or other commercial properties in Portsmouth? Tom and Dariya Milan at LPT Realty know this market well — reach out and let's talk through what this address means for your goals.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Location & Street View
1601 Marshall Avenue, Portsmouth
Map and Street View imagery © Google. Imagery may not be current.
Map data ©Google. Click and drag inside the map to explore the surrounding area.
Flood Risk
Property Details
Bedrooms
0
Full Baths
0
Half Baths
0
Approx Sq Ft
249,991
Stories
0
Fireplaces
0
Flooring
N/A
Heating
Cooling
Laundry
Interior Features
N/A
Sale & Tax History
List Price
$1,700,000
Price / Sq Ft
$7
Annual Taxes
$17,746
Monthly Tax
$1,479
HOA
None
Tax Rate (effective)
1.04%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Aug 6, 2024 | $1,700,000 | — |
| Currently listed | — | $1,700,000 | — |
Looking for multi-year tax assessments or prior sales? REIN MLS only ships data for the current listing. For full property history, check the city assessor record:
Tax data above from REIN public-records sync. Sale timeline tracked from this listing's first appearance in our feed forward; prior owner sales are not included.
Comparable Properties
Comps are selected by city, bed count, square footage and price proximity. Composite similarity score weights bed match, sqft variance, price variance, and straight-line distance.
About buying in Portsmouth
Portsmouth combines historic naval heritage with affordable, character-rich neighborhoods. Olde Towne Portsmouth offers tree-lined streets of restored 18th- and 19th-century homes with sweeping Elizabeth River views — one of the largest collections of pre-Revolutionary architecture in the country. Churchland, Cradock, and West Park View provide established family neighborhoods at price points well below comparable Norfolk or Virginia Beach properties. The city is home to Norfolk Naval Shipyard, one of the Navy's oldest and largest, ensuring consistent demand from civilian shipyard workers and active-duty Navy personnel.
Military Commute
Drive times to nearest basesDrive times via Google Maps with current traffic patterns. Times are typical and may vary by time of day. Use the "Analyze" button up top to see live drive time to your saved base.
Estimate your monthly payment
$10,796/moPrincipal & interest
$8,821
Property tax
$1,479
Home insurance
$496
PMI
None
HOA
None
Estimate only. Insurance assumed at 0.35% of home value annually. Actual taxes, insurance, and rate will vary by lender, credit, and property. Contact a lender for a personalized quote.
Listed by Michael J. Bond Realty Inc. · MLS# 10546046
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$1,700,000
1601 Marshall Avenue, Portsmouth VA 23704
Portsmouth, Virginia 23704
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