1144 George Washington Highway North, Chesapeake, VA 23323
Freestanding building on a 2-acre site with heavy highway exposure, ample parking, and B2 zoning for flexible use.
- Added:
- Jun 18, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 20 at 7:20 am
Property Features for 1144 George Washington Highway North
General Information
- Standard status
- Active
- Size
- 9,072 SF
- Lot size
- 2.00 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1985
Listing agent Levi Thomson (757) 675-9132
Listing office Divaris Real Estate - Hampton Roads (757) 675-9132
Listing date Jun 18, 2026
Source Divaris
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All listing content including descriptions, pricing, images are the copyrighted material of Divaris Real Estate - Hampton Roads
HighLights
- 9,072 SF freestanding funeral home building on a 2.0‑acre parcel
- ~340 ft frontage on George Washington Highway (U.S. Route 17) with ~17,100 VPD traffic count
- B2 – General Business zoning with full‑movement accessibility
- Ample parking capacity for customer or staff use
- Located along US‑17, surrounded by established residential neighborhoods and a mix of employers and retail drivers
Overview
Located at 1144 George Washington Highway North in Chesapeake, Virginia, the property fronts George Washington Highway (U.S. Route 17), a major north–south corridor serving the southern Chesapeake and Deep Creek areas. The listing notes approximately 340 feet of frontage and traffic of 17,100 vehicles per day along U.S. Route 17. The surrounding area is described as residential neighborhoods and a diverse mix of regional employers and retail drivers.
The building and site are offered for purchase with redevelopment and alternative end-user options in mind. With B2 – General Business zoning, the property may be suited to retail or medical uses, along with other redevelopment concepts that align with the zoning and site layout. For tenants, buyers, and operators seeking a freestanding format with highway visibility and parking, this property provides a straightforward, high-exposure platform on a highly trafficked roadway.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $239.5k | $26.40 |
| − Vacancy | −$24.0k | −$2.64 |
| EGI | $215.6k | $23.76 |
| − OpEx | −$86.2k | −$9.50 |
| NOI | $129.3k | $14.26 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chesapeake
- County
- Chesapeake
- State
- Virginia
- Longitude
- -76.334838
- Latitude
- 36.7828705
