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    4102 Bainbridge Blvd Chesapeake, VA 23324

    Sponsored
    For Sale
    $350,000

    1.3-Acre Commercial/Industrial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.3-acre parcel, located at 4102 Bainbridge Boulevard in Chesapeake, Virginia (zip code 23324), presents a unique redevelopment opportunity. Zoned B-3 (Highway Business), this property boasts excellent interstate access, situated only a quarter-mile from I-464. Its strategic location within the Bainbridge submarket offers significant advantages for developers. The site is ideally positioned to capitalize on the area's growth and strong infrastructure. Furthermore, this property benefits from its designation within multiple advantageous zones: an Opportunity Zone, a HUBZone, and a Technology Zone. This triple designation unlocks various incentives and potential tax benefits for qualified projects. Adding to its appeal, the land is situated within the South Norfolk Revitalization District, providing access to partial tax exemptions, further enhancing its investment potential. The asking price for this prime redevelopment site is $350,000. This represents a compelling investment opportunity for businesses seeking a strategic location with significant development potential and substantial tax advantages. The property's size and zoning make it suitable for a wide range of commercial and industrial uses. Don't miss this chance to acquire a highly desirable property in a rapidly developing area.

    Property Features for 4102 Bainbridge Blvd

    General Information

    Property type
    Land
    Lot Size
    56,628 SF

    HighLights

    • 1.3‑acre parcel in Chesapeake, VA (23324) zoned B‑3 (Highway Business), ideal for redevelopment.
    • Located in an Opportunity Zone, HUBZone, and Technology Zone, offering significant tax benefits.
    • Situated in the South Norfolk Revitalization District with partial tax exemptions.
    • Excellent interstate access, only 0.25 miles from I‑464.
    • Asking price: $350,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.2828824
    Latitude
    36.7848461

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    FAQs

    What type of property is this?
    Land - 1.3-Acre Commercial/Industrial Land
    Where is this land located?
    The property is located at 4102 Bainbridge Blvd Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 1.3-acre parcel in Chesapeake, VA (23324) zoned B-3 (Highway Business), ideal for redevelopment.; Located in an Opportunity Zone, HUBZone, and Technology Zone, offering significant tax benefits.; Situated in the South Norfolk Revitalization District with partial tax exemptions.
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    4102 Bainbridge Blvd Chesapeake, VA 23324
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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
    4102 Bainbridge Blvd Chesapeake, VA 23324
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