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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
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.
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
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0254006000181 | Improvements Assessment | $43,100 |
| Land Assessment | $94,900 | Total Assessment | $138,000 |
Property Taxes
Parcel Number
0254006000181
Land Assessment
$94,900
Improvements Assessment
$43,100
Total Assessment
$138,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Lin Liao
1001 Canal Dr, Chesapeake, VA 23323 | 1001-1003 Canal Dr
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