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Retail Investment Property
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1168 George Washington Hwy N, Chesapeake, VA 23323

For sale retail asset with a stated 5.50% cap rate and 14,550 SF.

Property Size14,550 SF
Days on Market124

Property Features for 1168 George Washington Hwy N

General Information

Standard status Active
Size 14,550 SF
Property subtype Retail

Additional Details

Cap Rate 5.5%
Listing Agency: Matthews
Listed By: Kyle Matthews, CCIM · License #20170883
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 2:25PM

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 Matthews

Investment Insights

Based on property information with market context.

This for-sale retail property is listed with a stated 5.50% cap rate and totals 14,550 SF. The offering is presented as a retail investment opportunity.

The property is located at 1168 George Washington Hwy N in Chesapeake, Virginia 23323.

Key Highlights

  • Retail asset for sale with a stated 5.50% cap rate
  • Total building area of 14,550 SF

Property Analytics

Current Use

Walgreens Cosmetic Store Walgreens Pharmacy Pharmacy Nicole Epps Pharmacy LibertyX Bitcoin ATM Atm Old Point National ... Atm

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

265
Businesses Nearby
37k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 88% Dining 6% Electronics 6%
7-Eleven Shops & Services
13,535 visits/mo 0.0 miles
Family Dollar Shops & Services
9,302 visits/mo 0.3 miles
Wells Fargo Shops & Services
5,277 visits/mo 0.4 miles
AutoZone Shops & Services
4,233 visits/mo 0.2 miles
Metro by T-Mobile Electronics
2,225 visits/mo 0.3 miles

Demographics for 23323, VA

42,736
Population
15,064
Households
2.8
Avg Household Size
36
Median Age
35%
College-Educated
93%
High-School Grad
81.9 sq mi
ZIP Area
522
Density / Sq Mi
$105,912
Median Household Income
$50,523
Median Earnings
$1,590
Median Rent
$360,500
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - For sale retail asset with a stated 5.50% cap rate and 14,550 SF.
Where is this retail space located?
The property is located at 1168 George Washington Hwy N Chesapeake, VA.
What are key features of this property?
This property features: Retail asset for sale with a stated 5.50% cap rate; Total building area of 14,550 SF
(213) 613-3525 Call to check price and availability
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