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    500 Cedar Rd Chesapeake, VA 23322

    Sponsored
    For Lease
    Contact for pricing

    One-acre commercial lot, ideal location.

    Lot size:
    22,216 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional one-acre commercial land parcel presents a unique investment opportunity in the thriving city of Chesapeake, Virginia. Located at 500 Cedar Road, zip code 23322, this single-tenant property offers significant potential for a variety of commercial ventures. The site boasts a convenient location with excellent visibility and accessibility. Currently, a drive-through ATM is in place, demonstrating the site's suitability for businesses requiring high traffic and convenient customer access. The property is classified as commercial land with a single tenancy. The total building square footage is zero, indicating the land is vacant and ready for development. This presents a blank canvas for a new construction project tailored to specific business needs. The property's location in Chesapeake, VA offers access to a robust local economy and a growing population. With its prime location and existing infrastructure, this property is poised for immediate development or redevelopment. The latitude and longitude coordinates are 36.7136181 and -76.254616 respectively. This is an exceptional opportunity for investors seeking a strategic land acquisition in a high-growth area. The property's existing drive-through ATM further enhances its appeal and potential for future development. Serious inquiries are encouraged to explore the possibilities of this remarkable commercial land offering.

    Property Features for 500 Cedar Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,216 SF

    Unit(s) available at that property

    Space
    Size
    22,216 SF

    HighLights

    • 22,390 square foot land parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Magpie Roofers Tattoo Tattoo And Piercing Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.254616
    Latitude
    36.7136181

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    FAQs

    What type of property is this?
    Land - One-acre commercial lot, ideal location.
    Where is this land located?
    The property is located at 500 Cedar Rd Chesapeake, VA.
    What are key features of this property?
    This property features: 22,390 square foot land parcel.; ;
    Request Owner's contact information
    500 Cedar Rd Chesapeake, VA 23322
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    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
    500 Cedar Rd Chesapeake, VA 23322
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