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    136 George Washington Hwy Chesapeake, VA 23323

    For Sale
    $395,000

    High-traffic, B-3 zoned land near 7-Eleven.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.6-acre commercial land parcel is ideally situated at the intersection of George Washington Highway and Moses Grandy Trail in Chesapeake, Virginia (zip code 23323). The property boasts a prime location adjacent to a 7-Eleven, ensuring high visibility and convenient access. Zoned B-3, this lot presents numerous development opportunities. The area demonstrates strong demographics, with an average household income exceeding $90,000 within a one-mile radius. George Washington Highway experiences significant traffic volume, exceeding 22,000 vehicles per day, providing unparalleled exposure for any future development. The asking price for this strategically located land is $395,000. This represents a unique investment opportunity in a thriving commercial corridor. The property is owned by RPA George Washington Highway, L.L.C. Its latitude and longitude coordinates are 36.74232682784339 and -76.34544990607189 respectively. Don't miss this chance to acquire a highly visible and well-positioned commercial property in a rapidly growing area.

    Property Features for 136 George Washington Hwy

    General Information

    Property type
    Land
    Lot Size
    26,136 SF

    HighLights

    • 0.6‑acre parcel adjacent to 7‑Eleven at George Washington Highway & Moses Grandy Trail intersection.
    • B‑3 zoning.
    • Average household income exceeding $90,000 within a one‑mile radius.
    • High visibility and excellent accessibility.
    • Over 22,000 vehicles per day (VPD) on George Washington Highway.
    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 City
    State
    Virginia
    Longitude
    -76.345449906072
    Latitude
    36.742326827843

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    FAQs

    What type of property is this?
    Land - High-traffic, B-3 zoned land near 7-Eleven.
    Where is this land located?
    The property is located at 136 George Washington Hwy Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 0.6-acre parcel adjacent to 7-Eleven at George Washington Highway & Moses Grandy Trail intersection.; B-3 zoning.; Average household income exceeding $90,000 within a one-mile radius.
    (757) 222-0111
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    136 George Washington Hwy Chesapeake, VA 23323
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    Chesapeake, VA 23323
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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
    136 George Washington Hwy Chesapeake, VA 23323
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