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2324 Chesapeake Square Ring Rd 11,414 SF 100% Leased Retail Building Chesapeake, VA 23321 $2,350,000 ($205.89/SF)
INVESTMENT HIGHLIGHTS
- Adjacent to Target, Sam’s Club, & Burlington Coat Factory.
- Owner will consider subdividing parcel.
- Easy access to Taylor Road & Portsmouth Boulevard.
- Super regional submarket with ready access to I-664.
EXECUTIVE SUMMARY
The subject property is located in the Chesapeake Square submarket of Chesapeake, Virginia. The retail submarket is anchored by Chesapeake Square Mall and surrounded by an abundance of retail anchors and restaurants. The submarket has also experienced a surge of recent residential growth with much more in the planning stages. The property has access to the mall ring road and has monument signage.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
11,414 SF
Building Class
C
Year Built
1997
Price
$2,350,000
Price Per SF
$205.89
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
2.69 AC
Zoning
B2 - General Business
Parking
113 Spaces (7.53 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0106009000040 | Improvements Assessment | $824,200 |
| Land Assessment | $2,031,900 | Total Assessment | $2,856,100 |
PROPERTY TAXES
Parcel Number
0106009000040
Land Assessment
$2,031,900
Improvements Assessment
$824,200
Total Assessment
$2,856,100
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2324 Chesapeake Square Ring Rd
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