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Investment Highlights

  • Seven tax parcels combine to create a 63.33-acre development opportunity.
  • Seller is open to rezoning subject to approvals.
  • Located near established residential communities and Military Highway.
  • Multiple zoning classifications provide planning flexibility.
  • Existing nursery business can remain if desired.

Executive Summary

3133 Old Mill Road presents a 63.33-acre residential development opportunity in Chesapeake, Virginia. The offering consists of seven tax parcels totaling approximately 63.33 acres and includes multiple zoning classifications, including R15S, C1, and A1. The seller is open to rezoning, providing flexibility for future planning and development objectives. Existing utility availability along Old Mill Road and Weiss Lane supports site readiness and may help streamline future development efforts.
The property is positioned within the rapidly expanding southern Hampton Roads region, offering convenient access to Chesapeake's residential neighborhoods, commercial services, employment centers, and regional transportation corridors. Its location near Military Highway and established residential communities places the site within an area of ongoing residential demand and continued growth. The scale of the assemblage provides flexibility for a variety of residential development concepts, while the multiple zoning designations offer potential optionality for future land planning strategies.
An existing nursery business is located on the property and can remain if desired, creating an additional consideration for purchasers evaluating interim income potential or phased development strategies. The combination of acreage, utility access, multiple zoning classifications, and seller flexibility creates a substantial land offering for developers, builders, investors, and land bankers seeking a large-scale opportunity within Chesapeake's established growth corridor.

Property Facts Under Contract

Price $10,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Master Planned Community
  • Single Family Development
Total Lot Size 63.33 AC
No. Stories 1
Zoning MULTI: MUL

1 Lot Available

Lot

Price $10,000,000
Price Per AC $157,903.05
Lot Size 63.33 AC

63.33-acre residential development site with multiple zoning classifications, utility availability along Old Mill Road and Weiss Lane, seven tax parcels, and seller openness to rezoning. Existing nursery business may remain if desired.

Description

3133 Old Mill Road in Chesapeake, Virginia consists of 63.33 acres across seven tax parcels. The property includes R15S, C1, and A1 zoning classifications. Utilities are available along Old Mill Road and Weiss Lane. The seller has indicated a willingness to consider rezoning. An existing nursery business is located on the property and may remain. The site is situated near Military Highway and surrounding residential development areas.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
0330000002740
Land Assessment
$1,431,300
Improvements Assessment
$1,583,100
Total Assessment
$3,014,400
  • Listing ID: 30634607

  • Date on Market: 1/11/2024

  • Last Updated:

  • Address: 3133 Old Mill Rd, Chesapeake, VA 23323

Contact the Sale Advisor

3133 Old Mill Rd - Residential Development Site

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