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2432 Gum Rd - 2432 Gum Road 2.51 Acres of Commercial Land in Chesapeake, VA 23321
INVESTMENT HIGHLIGHTS
- Located in Chesapeake’s Western Branch District with strong growth trends.
- Immediate access to I-664 at Portsmouth Boulevard Exit 11B.
- Excellent visibility from Portsmouth Boulevard and access from Gum Road.
- High traffic count of 28,600 vehicles per day on Portsmouth Boulevard.
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 2.51 AC |
| Lot Size | 2.51 AC |
This 2.509-acre parcel at 2432 Gum Road in Chesapeake, Virginia, presents a prime development opportunity in the rapidly growing Western Branch District. The site is fully entitled for a 121-key hotel and comes with proffers.
DESCRIPTION
The site has received approvals from major hotel brands Marriott and Hilton, underscoring its suitability for hospitality use. Surrounding demand generators include Chesapeake Square Mall (1 mile), Amazon Distribution Center (2 miles), Bon Secours Harbour View Medical Center (4 miles), and Norfolk International Airport (14 miles). Additional nearby attractions include Greenbrier Mall, Norfolk State University, and Downtown Norfolk, all within a short drive. With strong demographics, including a 10-minute drive population of over 64,000 and a median household income of $86,623, this location offers a compelling mix of visibility, accessibility, and market demand. Contact the broker for pricing details.
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2432 Gum Rd - 2432 Gum Road
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