Multi-Parcel Residential Development
For Sale
Contact for pricing
1972 Shipyard Rd, Chesapeake, VA 23323
Three parcels with frontage on Shipyard Rd and low-scale residential character district designation under Chesapeake 2045 plan.
Property SizeContact for details
Days on Market140
Property Features for 1972 Shipyard Rd
General Information
Standard status
Active
Property subtype
Land
Zoning
M-2
Additional Details
Road Access
Yes
Listing Agency:
Colliers - Norfolk, Virginia
(757) 490-3300
Listed By:
Patrick Gill · License #VA 0225017599
Source:
Crexi
Added: Apr 16
Changed: Aug 31
Last Checked: Aug 29 at 9:26PM
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 Colliers - Norfolk, Virginia
Investment Insights
Based on property information with market context.
Three parcels are offered for sale in the Grassfield area of Chesapeake, with frontage on Shipyard Rd. The Chesapeake 2045 Comprehensive Plan designates the property within a low-scale residential character district.
The remarks indicate that a single-family development, with a rezoning to R-8 (8,000 SF lots), would likely be supported by city staff and elected officials. The offering includes proximity to shopping, boating, golfing, historical attractions, and schools, with Greenbrier, downtown Norfolk, the Virginia Beach oceanfront, and Virginia Beach Town Center described as within a quick 30-minute drive.
The remarks indicate that a single-family development, with a rezoning to R-8 (8,000 SF lots), would likely be supported by city staff and elected officials. The offering includes proximity to shopping, boating, golfing, historical attractions, and schools, with Greenbrier, downtown Norfolk, the Virginia Beach oceanfront, and Virginia Beach Town Center described as within a quick 30-minute drive.
Key Highlights
- Three parcels with frontage on Shipyard Rd in the Grassfield area of Chesapeake
- Chesapeake 2045 Comprehensive Plan designates the parcels as low‑scale residential character district
- Rezoning to R‑8 would be for single‑family development on 8,000 SF lots (per listing description)
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Three parcels with frontage on Shipyard Rd and low-scale residential character district designation under Chesapeake 2045 plan.
Where is this residential land & home lot located?
The property is located at 1972 Shipyard Rd Chesapeake, VA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Three parcels with frontage on Shipyard Rd in the Grassfield area of Chesapeake; Chesapeake 2045 Comprehensive Plan designates the parcels as low‑scale residential character district; Rezoning to R‑8 would be for single‑family development on 8,000 SF lots (per listing description)
