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Edinburgh North Development Opportunity
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212 Carmichael Way, Chesapeake, VA 23322

Prime 1.32-acre parcel in Chesapeake's Edinburgh area.

Property SizeContact for details
Lot Size1.32 Acres
Days on Market197

Property Features for 212 Carmichael Way

General Information

Standard status Active
Lot size 1.32 Acres
Property subtype Hospitality, Land, Mixed Use, Office, Retail
Listing Agency: The Real Estate Group
Listed By: Alexandra Serrano · License #0225213354
Source: Crexi
Added: Feb 6 Changed: Aug 8 Last Checked: Aug 22 at 11:10AM

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 The Real Estate Group

Investment Insights

Based on property information with market context.

This 1.32-acre parcel is located within the Edinburgh North Shopping Center in Chesapeake, Virginia. The site is shovel-ready and positioned in the Edinburgh area, a destination for shopping, dining, and business, serving residents and tourists from Virginia and North Carolina. The location, directly off Route 168 Chesapeake Expressway, provides access to retailers such as Target, Buffalo Wild Wings, Panera, and Starbucks. The surrounding area includes medical offices, local restaurants, professional services, schools, daycare facilities, recreation options, a movie theater, a large home improvement retailer, gas stations, and new residential developments. This site presents an opportunity for an income-producing investment.

Key Highlights

  • 1.32 acres of Prime Parcel location in the highly sought out Edinburgh area of Chesapeake, VA.
  • Shovel‑Ready Site ready for Development.
  • One of the last remaining lots in the planned commercial development.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick HVAC Service Electrical Service Locksmith Grocery & Convenience Store Nail Salon Catering 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.

Location Intelligence

Trade Area within ½ mile

241
Businesses Nearby

Demographics for 23322, VA

66,994
Population
22,386
Households
3
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
187.8 sq mi
ZIP Area
357
Density / Sq Mi
$133,522
Median Household Income
$55,549
Median Earnings
$1,870
Median Rent
$448,000
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Prime 1.32-acre parcel in Chesapeake's Edinburgh area.
Where is this commercial land located?
The property is located at 212 Carmichael Way Chesapeake, VA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1.32 acres of Prime Parcel location in the highly sought out Edinburgh area of Chesapeake, VA.; Shovel‑Ready Site ready for Development.; One of the last remaining lots in the planned commercial development.
(757) 705-5749 Call to check price and availability
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