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    128 George Washington Hwy Chesapeake, VA 23323

    Sponsored
    For Sale
    $350,000

    Prime B-1 Zoned Acreage, Canal Views

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 1.24-acre commercial property presents a unique investment opportunity in Chesapeake, Virginia. Strategically located directly across from the Crossings at Deep Creek shopping center, this lot boasts significant visibility and accessibility due to its frontage on George Washington Highway. The B-1 zoning allows for a wide range of commercial uses, making it ideal for businesses seeking high-traffic exposure. Beyond its prime location, this property offers a captivating waterfront aspect. The rear of the lot borders a historic and navigable canal, providing stunning views and potential for water-related activities or amenities. The substantial lot size provides ample space for development, allowing for flexibility in design and construction. This is a rare chance to acquire a commercial property with both high visibility and unique waterfront characteristics in a thriving Chesapeake location. The property's proximity to the established Crossings at Deep Creek shopping center ensures a strong customer base and convenient access to amenities. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land offering. The combination of highway frontage, canal access, and B-1 zoning makes this a truly exceptional investment opportunity. Don't miss this chance to secure a prime piece of Chesapeake real estate.

    Property Features for 128 George Washington Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    54,014 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    CHESAPEAKE
    State
    Virginia
    Longitude
    -76.34473
    Latitude
    36.73947

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    FAQs

    What type of property is this?
    Commercial real estate - Prime B-1 Zoned Acreage, Canal Views
    Where is this commercial real estate located?
    The property is located at 128 George Washington Hwy Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    (757) 428-3516
    Request Owner's contact information
    128 George Washington Hwy Chesapeake, VA 23323
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    Chesapeake, VA 23323
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    128 George Washington Hwy Chesapeake, VA 23323
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