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    1580 Crossways Blvd Chesapeake, VA 23320

    Sponsored
    For Lease
    $30 SF/Yr

    Prime Retail Location, Ample Parking

    Lot size:
    10,478 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,478 square foot retail property, located at 1580 Crossways Boulevard in Chesapeake, Virginia, presents a unique investment opportunity. Currently configured as a multi-tenant space, a significant portion (2,126 square feet) is immediately available for lease. The building boasts ample parking, a significant advantage in this high-traffic area. The property's former use as a bank provides a solid foundation for a variety of retail businesses. Its strategic location in the heart of Chesapeake, directly off Greenbrier Parkway on Crossways Boulevard, offers unparalleled visibility and accessibility. The surrounding area is anchored by a strong mix of national retailers, including Target, Bed Bath & Beyond, Best Buy, Total Wine, Macy's, and Dillards, ensuring high foot traffic and brand synergy. The property's convenient access to Interstate 64 further enhances its appeal, placing it within easy reach of Chesapeake, Norfolk, Portsmouth, and Virginia Beach. This prime retail space is ideal for businesses seeking a high-visibility location with excellent access and ample parking in a thriving retail corridor. The available 2,126 square feet offers a flexible layout adaptable to various retail concepts. Norfolk County location and 23320 zip code.

    Property Features for 1580 Crossways Blvd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,478 SF
    Total Rate
    26195

    Unit(s) available at that property

    Space
    Suite 1580
    Size
    2,126 SF
    Rate per SF
    $30

    HighLights

    • Monument signage available.
    • 75,000 VPD traffic count.
    • Former bank space, 2,126 SF immediately available for lease.
    • Drive‑thru available.
    • Ample parking.
    • Easy access to I‑64 and Greenbrier Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Los Burritos Mexican Restaurant Hair 4 the Grown ... Beauty Salon Compound CrossFit Gym Finders Keepers Body ... Body Piercing Shop Riese Beatz Make-Up Artist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2327941
    Latitude
    36.7790233

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Location, Ample Parking
    Where is this individual retail property located?
    The property is located at 1580 Crossways Blvd Chesapeake, VA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Monument signage available.; 75,000 VPD traffic count.; Former bank space, 2,126 SF immediately available for lease.
    Request Owner's contact information
    1580 Crossways Blvd Chesapeake, VA 23320
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1580 Crossways Blvd Chesapeake, VA 23320
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