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Mixed-Use Property with Apartments
New
For Sale
$435,000

1300 Bainbridge Blvd, Chesapeake, VA 23324

Two commercial suites and residential units share a building with a separate office entrance.

Property Size4,000 SF
Price / SF$108.75
Days on Market4

Property Features for 1300 Bainbridge Blvd

General Information

Standard status Active
Size 4,000 SF
Property subtype Commercial/Industrial
Zoning B2
Occupancy 100%

Site & Location

Neighborhood South Norfolk
Highway Access Yes
Utilities to Site Yes
Mixed-Use Components commercial, residential

Units

Multifamily Units 3
Individually Metered Utilities electricity

Additional Details

Gross Income $51,000
Tenant in Place Yes

Building Details

Building Size 4,000 SF
Year Built 1920
Stories 2
Units 5
Tenancy Multi
Listing Agency: BHHS RW Towne Realty
Listed By: George Trotman
Source: Hoggerealestate
Added: Oct 23 Changed: Oct 25 Last Checked: Oct 26 at 4:03AM

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 BHHS RW Towne Realty

Rey
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Investment Insights

Based on property information with market context.

This 4,000-square-foot mixed-use property, built in 1920, combines two commercial spaces with three residential apartments. An additional office has a half bath and its own entrance. The building is zoned B2 and has five separate electricity meters.

The property is near Interstates 464 and 64 and the Poindexter Street corridor. Chesapeake’s municipal building and parking garage are under construction around the corner, and downtown Norfolk is a five-minute drive away.

Key Highlights

  • Two commercial spaces and three residential apartments
  • 4,000‑square‑foot building constructed in 1920
  • Separate office space with half bath and private entrance

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Pharmacy Plumbing Service

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

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

319
Businesses Nearby

Demographics for 23324, VA

24,239
Population
9,834
Households
2.5
Avg Household Size
34
Median Age
21%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,618
Density / Sq Mi
$57,774
Median Household Income
$39,642
Median Earnings
$1,145
Median Rent
$242,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two commercial suites and residential units share a building with a separate office entrance.
Where is this mixed-use property located?
The property is located at 1300 Bainbridge Blvd Chesapeake, VA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two commercial spaces and three residential apartments; 4,000‑square‑foot building constructed in 1920; Separate office space with half bath and private entrance
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