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    Oldwood St Chesapeake, VA 23324

    Sponsored
    For Sale
    $45,000

    0.16-acre B-1 zoned land parcel

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This 0.16-acre land parcel, located on Oldwood Street in Chesapeake, Virginia (zip code 23324), presents a unique investment opportunity. Currently zoned B-1, this property offers potential for diverse uses. The land consists of two partially wooded parcels, providing a natural and tranquil setting. Its strategic location offers significant upside potential. Adjacent properties are zoned RTH1 residential, suggesting the possibility of future rezoning for residential development, subject to city approval. The asking price for this property is $45,000. The property's address is Oldwood St, Chesapeake, VA 23324, and its coordinates are 36.8199617 latitude and -76.261252 longitude. Given its current B-1 zoning and proximity to RTH1 residential zoning, this land parcel represents a compelling investment opportunity for those seeking land in a developing area of Chesapeake. The relatively small size makes it suitable for a variety of uses, from potential residential development (pending rezoning) to other permitted B-1 uses. Serious inquiries are encouraged to explore the possibilities of this promising land investment. Further due diligence is recommended to confirm zoning regulations and development potential.

    Property Features for 0 Oldwood St

    General Information

    Property type
    Farms
    Lot Size
    6,970 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.261252
    Latitude
    36.8199617

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    FAQs

    What type of property is this?
    Farm - 0.16-acre B-1 zoned land parcel
    Where is this farm located?
    The property is located at Oldwood St Chesapeake, VA.
    What is the asking price?
    The asking price for this property is $45,000.
    Request Owner's contact information
    Oldwood St Chesapeake, VA 23324
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    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

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    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
    Oldwood St Chesapeake, VA 23324
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