2040 Atlantic Ave 13,813 SF Retail Building Chesapeake, VA 23324 $2,900,000 ($209.95/SF)

2040 Atlantic Avenue presents a prime investment opportunity in Chesapeake, Virginia. This freestanding former Rite Aid property offers exceptional visibility at the signalized intersection of Atlantic Avenue and Campostella Road, a high-traffic corridor with counts of 16,000 ADT on Atlantic Avenue and 10,000 ADT on Campostella Road. Situated on a generous 1.78-acre parcel, the 13,813 SF building is in good condition and includes a convenient drive-thru, making it ideal for retail, medical, or service-oriented uses.
The property benefits from strong co-tenancy and retail synergy, being adjacent to a busy Food Lion center and surrounded by national brands such as Dollar General, CVS, Dollar Tree, and AutoZone. Zoned B1, the site offers flexibility for a variety of commercial uses. Building and pylon signage provide excellent branding opportunities, while grade-level loading and signalized access enhance operational efficiency.
Located within a dense trade area, the site serves a population of nearly 247,000 within five miles, with average household incomes approaching $90,000. Its strategic position near South Military Highway and Battlefield Boulevard ensures connectivity to major thoroughfares, supporting both local and regional traffic. Offered at $2.9 million, this property combines visibility, accessibility, and strong demographics—an outstanding choice for investors or owner-users seeking a high-profile location in a thriving market.