Mixed-Use Property with
For Sale
Contact for pricing
Pending
1005 Chesapeake Ave, Chesapeake, VA 23324
Two residential units accompany a commercial suite currently used as a recording studio.
Property SizeContact for details
Days on Market143
Property Features for 1005 Chesapeake Ave
General Information
Standard status
Pending
Property subtype
Mixed Use, Multifamily
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Listing Agency:
Feldman Ruel
Listed By:
Christopher Chadwick · License #VA 0225206248
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 1:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Feldman Ruel
Investment Insights
Based on property information with market context.
This mixed-use property combines two apartments with a separate commercial space. The residential component includes one three-bedroom, one-bath unit and one one-bedroom, one-bath unit. The commercial space is occupied by a recording studio, creating a combination of residential and commercial occupancy within the same asset.
The property is in the Diggstown neighborhood, which includes a relatively dense commercial area. Access to routes 464 and 64 is nearby, and the US Naval Shipyard in Norfolk is a short distance away across the bridge. The property information also identifies the apartments as having room for increased rents, though no specific rental figures are provided.
The property is in the Diggstown neighborhood, which includes a relatively dense commercial area. Access to routes 464 and 64 is nearby, and the US Naval Shipyard in Norfolk is a short distance away across the bridge. The property information also identifies the apartments as having room for increased rents, though no specific rental figures are provided.
Key Highlights
- Two apartments: one 3 bed/1 bath and one 1 bed/1 bath
- Separate commercial space currently occupied by a recording studio
- Located in the Diggstown neighborhood
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 23324, VA
24,239
Population
9,834
Households
2.5
Avg Household Size
34
Median Age
21%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,618
Density / Sq Mi
$57,774
Median Household Income
$39,642
Median Earnings
$1,145
Median Rent
$242,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units accompany a commercial suite currently used as a recording studio.
Where is this mixed-use property located?
The property is located at 1005 Chesapeake Ave Chesapeake, VA.
What are key features of this property?
This property features: Two apartments: one 3 bed/1 bath and one 1 bed/1 bath; Separate commercial space currently occupied by a recording studio; Located in the Diggstown neighborhood
