500 Cedar Rd Chesapeake, VA 23322

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at 500 Cedar Rd Contact us

Listing Agency Parker Burnell Real Estate Group Show Phone

Listed by Troy Parker · License #0225036218

Source Crexi

Added: Oct 28, 2022 Checked: Jul 19 at 9:16 am

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Investment Insights

Based on property information with market context.

This new retail and office development is located at a signalized intersection on Cedar Road and Albemarle Drive, with a traffic volume exceeding 26,000 vehicles per day. Units are available starting at approximately 1,200 square feet. The redevelopment plan features two buildings: Building 1, offering 10,500 square feet, and Building 2, providing 5,525 square feet. Ample parking is available, with 6 spaces per 1,000 square feet. The site is situated less than half a mile from the Chesapeake Municipal Center, within the desirable Cedar Road corridor. The current site includes an ATM with drive-thru lanes, and benefits from a high population, household density, and income levels in the surrounding area.

Key Highlights

• High Traffic Location: Over 26,000 Vehicles Per Day (VPD) at a signalized intersection.
• Proximity to Chesapeake Municipal Center: Less than 0.5 miles away in the desirable Cedar Road corridor.
• Ample Parking: 6 spaces per 1,000 SF.

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FAQs

What type of property is this?

Retail space - New retail and office spaces available for lease.

Where is this retail space located?

The property is located at 500 Cedar Rd Chesapeake, VA.

What are key features of this property?

This property features: High Traffic Location: Over 26,000 Vehicles Per Day (VPD) at a signalized intersection.; Proximity to Chesapeake Municipal Center: Less than 0.5 miles away in the desirable Cedar Road corridor.; Ample Parking: 6 spaces per 1,000 SF.