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- LoopNet Team
921 Cedar Rd
Chesapeake, VA 23322
921 Cedar Road & 321 Waters Road · Land For Sale
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1.80 AC
INVESTMENT HIGHLIGHTS
- These 3 parcels make up a 1.8 acres corner lot with a traffic light that should rezone to O&I or multifamily easily.
PROPERTY FACTS
DESCRIPTION
This 1.8-acre lot sits on the corner of Cedar and Water Road in Chesapeake, Virginia and is made up of 3 adjacent lots sold together. All three lots together are assessed with improvements at $436,600.00 for taxes by the city of Chesapeake. Lot A (#0590000001571) is about 1/4 acre on the very corner and assessed at $140,000.00. Lot B (#0590000001570) is assessed at $286,600.00 with the house included and Lot C (#0590000001581) is assessed at $28,000.00 total. You can verify these at: https://gis.cityofchesapeake.net/portal/apps/webappviewer/index.html?id=94bd534e98db48829d723860eb267e2b where you will have to enter the address (921 Cedar) to bring up the GIS map where you can then just click on the parcel to see the appraisal information. In our work with the City of Chesapeake so far, we have determined that rezoning these lots to O&I or multifamily would be the best and highest use for them. You can find a walkabout video with a little bit more detail about these properties at: https://www.taborsllc.com/921Cedar.htm
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $105,000 | Total Assessment | $105,000 |
PROPERTY TAXES
