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    1161 George Washington Hwy N Chesapeake, VA 23323

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    For Sale
    $550,000

    Retail space with high visibility and convenient highway access.

    Property size:
    2,346 SF
    Lot size:
    1.52 Acres

    Property Features for 1161 George Washington Hwy N

    General Information

    Size
    2,346 SF
    Lot size
    1.52 Acres

    Source: S.L. Nusbaum Realty Co - Corporate Agent Martin Murden

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

    Overview

    Retail Property on George Washington

    This retail property offers high visibility on George Washington Highway. It provides convenient access to both I-64 and I-464. The property includes ample parking with 18 surface parking spaces. Located in an Opportunity Zone, the property allows investors to receive tax benefits. The property size is 2346 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mr. T's Hand ... Car Wash VVC Veterinarian

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.3335969
    Latitude
    36.7838072

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and convenient highway access.
    Where is this retail space located?
    The property is located at 1161 George Washington Hwy N Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - High visibility on George Washington Highway; - Convenient access to both I-64 and I-464; - Located in an Opportunity Zone, which allows investors to receive tax benefits
    (757) 627-8611
    Request Owner's contact information
    1161 George Washington Hwy N 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
    1161 George Washington Hwy N Chesapeake, VA 23323
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