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
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
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
643’ on Chesapeake Square Blvd

AMENITIES

  • Bus Line
  • Dedicated Turn Lane
  • Signage
  • Signalized Intersection

NEARBY MAJOR RETAILERS

Lidl
Food Lion
Truist
Olive Garden
Red Lobster
Golden Corral Buffet & Grill
Five Guys
LongHorn Steakhouse
Applebee's
Starbucks

PROPERTY TAXES

  • Listing ID: 22420775

  • Date on Market: 3/8/2021

  • Last Updated:

  • Address: 2324 Chesapeake Square Ring Rd, Chesapeake, VA 23321