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    1601 Cahoon Pkwy Chesapeake, VA 23322

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    For Sale
    $495,000

    1.262 acres of commercial land in Chesapeake, Virginia.

    Property size:
    1 SF
    Lot size:
    1.26 Acres

    Property Features for 1601 Cahoon Pkwy

    General Information

    Size
    1 SF
    Lot size
    1.26 Acres

    Source: Patrick L. Reynolds, CCIM, SIOR Agent Patrick L. Reynolds, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chesapeake Commercial Land For Sale

    This 1.262-acre commercial land is zoned B-2, General Commercial District, and is situated in the Grassfield section of Chesapeake, Virginia. The site has 171 feet of frontage on Cahoon Parkway and is located at the intersection of Grassfield Parkway and Cahoon Parkway. It is adjacent to Cahoon Plantation Golf Course, a Walmart Supercenter, other new retail developments, and a 247-unit residential townhouse development. Water, sewer, electrical, gas, and telephone services are available to the site. The location provides convenient access to Route 17, Dominion Blvd, Cedar Road, and Interstate 64.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.3037421
    Latitude
    36.7181987

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    FAQs

    What type of property is this?
    Land - 1.262 acres of commercial land in Chesapeake, Virginia.
    Where is this land located?
    The property is located at 1601 Cahoon Pkwy Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Prime location in the Grassfield section of Chesapeake, VA, at the intersection of Grassfield Parkway and Cahoon Parkway.; - Zoned B-2, General Commercial District, offering versatile business opportunities.; - High-visibility frontage with 171 feet on Cahoon Parkway.
    (757) 343-4666
    Request Owner's contact information
    1601 Cahoon Pkwy Chesapeake, VA 23322
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    Chesapeake, VA 23322
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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
    1601 Cahoon Pkwy Chesapeake, VA 23322
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