717 Dominion Blvd
Chesapeake, VA 23327
36 Acres. High Traffic & High Visibility · Land For Sale · 36.00 AC

Alpha Real Estate Investment Advisors is pleased to present for sale this unique development opportunity located at 641 and 717 Dominion Blvd South. in Chesapeake, VA. Centrally located in the heart of Chesapeake's Grassfield submarket, the subject property is comprised of approximately 36 acres with over 1000' of frontage on Dominion Blvd. The parcels are currently zoned (AC) Assembly and R15s, however the city of Chesapeake's land plan encourages a commercial use for this site. City utilities are also available to the site. This submarket is experiencing robust growth with many new retailers establishing a presence. Neighboring retailers include Wal-Mart, Kroger(proposed), Lidl (proposed), as well as many shadow retailers and fast food restaurants. New residential developments are going up all around this site with nearly a thousand more units proposed to come on line in the near future. The completion of the new Veterans Memorial Bridge has dramatically improved traffic flow on this corridor with nearly 40k cars daily on Dominion Blvd S to Cedar Rd. This site would be an excellent strategic location for many big-box retailers and shadow retailers looking to expand their footprint. The trade area encompasses much of North East North Carolina which dramatically increases the customer base for retailers in this submarket. Parcels in RED are included in this offering. Parcels outlined in GREEN may be available for purchase but are NOT included in this offering or listed by Alpha REIA.