Property summary
This exceptional 1.26-acre commercial land parcel presents a remarkable investment opportunity in Chesapeake, Virginia. Located at 1601 Cahoon Parkway, this property boasts a highly desirable B-2, General Commercial zoning designation, offering a wide range of development possibilities. The site features 171 feet of frontage on Cahoon Parkway, providing excellent visibility and accessibility. Its strategic location within the Grassfield section of Chesapeake places it in close proximity to key amenities and infrastructure. Neighboring properties include the Cahoon Plantation Golf Course, a Walmart Supercenter, other new retail developments, and a substantial 247-unit residential townhouse development, ensuring high traffic and a thriving commercial environment. The property benefits from convenient access to major transportation arteries, including Route 17, Dominion Boulevard, Cedar Road, and Interstate 64, facilitating seamless connectivity throughout the region. Utilities are readily available, with water, sewer, electrical, gas, and telephone services accessible to the site. This prime location and versatile zoning make this 1.26-acre parcel an ideal platform for a diverse range of commercial ventures, promising significant return on investment. The asking price for this exceptional property is $495,000. The zip code is 23322.
Property profile
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for B2: GENERAL BUSINESS in Chesapeake, VA.
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