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Light Industrial Development Land
For Sale
Contact for pricing
Pending

001 S Military Hwy, Chesapeake, VA 23323

Zoned M1 Light Industrial, the mostly-wet 40-acre site offers visibility and access from I-64 W/S Military Hwy.

Property SizeContact for details
Days on Market117

Property Features for 001 S Military Hwy

General Information

Standard status Pending
Property subtype Land
Listing Agency: Alpha Real Estate Investment Advisors
Listed By: Jay Sloan · License #FL BK3336106
Source: Crexi
Added: Apr 11 Changed: Jul 20 Last Checked: Aug 5 at 2:58PM

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 Alpha Real Estate Investment Advisors

Investment Insights

Based on property information with market context.

This is a land development opportunity zoned M1 Light Industrial. The site is mostly wet and is offered as approximately 40 acres. The seller is motivated to sell and will consider reasonable offers.

Access and visibility are described as strong from I-64 W and S Military Hwy.

The property’s primary consideration for development will be accommodating the mostly-wet condition while working within the M1 Light Industrial zoning framework.

Key Highlights

  • Approximately 40‑acre site zoned M1 Light Industrial
  • Property is mostly wet
  • Visibility and access from I‑64 W / S Military Hwy

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Law Firm Dental Office

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

277
Businesses Nearby

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 Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Industrial land - Zoned M1 Light Industrial, the mostly-wet 40-acre site offers visibility and access from I-64 W/S Military Hwy.
Where is this industrial land located?
The property is located at 001 S Military Hwy Chesapeake, VA.
What are key features of this property?
This property features: Approximately 40‑acre site zoned M1 Light Industrial; Property is mostly wet; Visibility and access from I‑64 W / S Military Hwy
More about this property
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