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3133 Old Mill Rd - Residential Development Site 63.33 Acres of Commercial Land Offered at $10,000,000 in Chesapeake, VA 23323

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
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 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 63.33 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | MULTI: MUL | ||
| Price | $10,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 63.33 AC |
| No. Stories | 1 |
| Zoning | MULTI: MUL |
1 Lot Available
Lot
| Price | $10,000,000 | Lot Size | 63.33 AC |
| Price Per AC | $157,903.05 |
| 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.
Property Taxes
| Parcel Number | 0330000002740 | Improvements Assessment | $1,583,100 |
| Land Assessment | $1,431,300 | Total Assessment | $3,014,400 |
Property Taxes
Contact the Sale Advisor
3133 Old Mill Rd - Residential Development Site
