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    1601 Cahoon Pkwy Chesapeake, VA 23322

    For Sale
    $495,000

    1.26 Acres, B-2 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.26-acre commercial land parcel presents a remarkable investment opportunity in Chesapeake, Virginia. Located at 1601 Cahoon Parkway, this property boasts a highly desirable B-2, General Commercial zoning designation, offering a wide range of development possibilities. The site features 171 feet of frontage on Cahoon Parkway, providing excellent visibility and accessibility. Its strategic location within the Grassfield section of Chesapeake places it in close proximity to key amenities and infrastructure. Neighboring properties include the Cahoon Plantation Golf Course, a Walmart Supercenter, other new retail developments, and a substantial 247-unit residential townhouse development, ensuring high traffic and a thriving commercial environment. The property benefits from convenient access to major transportation arteries, including Route 17, Dominion Boulevard, Cedar Road, and Interstate 64, facilitating seamless connectivity throughout the region. Utilities are readily available, with water, sewer, electrical, gas, and telephone services accessible to the site. This prime location and versatile zoning make this 1.26-acre parcel an ideal platform for a diverse range of commercial ventures, promising significant return on investment. The asking price for this exceptional property is $495,000. The zip code is 23322.

    Property Features for 1601 Cahoon Pkwy

    General Information

    Property type
    Land
    Lot Size
    54,886 SF

    HighLights

    • 2.62‑acre parcel
    • B‑2 General Business zoning
    • 171 feet of frontage on Cahoon Parkway
    • Utilities available (water, sewer, electric, gas, telephone)
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake county
    State
    Virginia
    Longitude
    -76.2247366
    Latitude
    36.6215976

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    FAQs

    What type of property is this?
    Land - 1.26 Acres, B-2 Zoning, Prime Location
    Where is this land located?
    The property is located at 1601 Cahoon Pkwy Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 2.62-acre parcel; B-2 General Business zoning; 171 feet of frontage on Cahoon Parkway
    (757) 343-4666
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    1601 Cahoon Pkwy Chesapeake, VA 23322
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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
    1601 Cahoon Pkwy Chesapeake, VA 23322
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