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1001 Canal Dr, Chesapeake, VA 23323 1001-1003 Canal Dr 1,968 SF Retail Building Chesapeake, VA 23323 $475,000 ($241.36/SF) 5.05% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Corner Lot.
  • Great mixed-use investment opportunity.

EXECUTIVE SUMMARY

Two buildings each about 800 SF. One building can used for residential and the other can be used for commercial. Less than a half mile from S Military Hwy.
Buy now and price drops $20,000.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,968 SF
Building Class
C
Year Built
1940
Price
$475,000
Price Per SF
$241.36
Cap Rate
5.05%
NOI
$23,968
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
B2 - General Business
Parking
2 Spaces (1.02 Spaces per 1,000 SF Leased)
Frontage
130’ on Canal Dr

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0254006000181
Land Assessment
$94,900
Improvements Assessment
$43,100
Total Assessment
$138,000
  • Listing ID: 11995650

  • Date on Market: 3/21/2018

  • Last Updated:

  • Address: 1001-1003 Canal Dr, Chesapeake, VA 23323

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