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    908 Willis St Chesapeake, VA 23323

    Sponsored
    For Sale
    $113,000

    0.36-acre lot, prime commercial opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 0.36-acre commercial lot presents a unique investment opportunity in the thriving city of Chesapeake, Virginia. Located at 908 Willis Street, this property offers significant potential for a variety of commercial ventures. The expansive 0.36-acre parcel provides ample space for development, allowing for flexibility in design and construction. Its strategic location within Chesapeake ensures high visibility and accessibility, making it an ideal site for businesses seeking a strong presence in a dynamic market. The property's zoning (which should be independently verified) will dictate the permissible uses, but the size and location suggest a wide range of possibilities. This is a blank canvas for entrepreneurs and developers looking to establish a new business or expand existing operations. The asking price of $113,000 represents a compelling entry point into the Chesapeake commercial real estate market. Serious inquiries are encouraged to explore the full potential of this remarkable property. Further due diligence, including a thorough review of zoning regulations and environmental assessments, is recommended before any purchase decision. Don't miss this chance to acquire a valuable piece of Chesapeake commercial land.

    Property Features for 908 Willis St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    15,682 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness 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
    -76.31679
    Latitude
    36.77382

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    FAQs

    What type of property is this?
    Commercial real estate - 0.36-acre lot, prime commercial opportunity.
    Where is this commercial real estate located?
    The property is located at 908 Willis St Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $113,000.
    (757) 482-2606
    Request Owner's contact information
    908 Willis St 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
    908 Willis St Chesapeake, VA 23323
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