Retail/Office Development on Cedar
For Lease
Contact for pricing
500 Cedar Rd, Chesapeake, VA 23322
New retail and office spaces available for lease.
Space Size5,525 SF
Property Size14,760 SF
Days on Market1407
Property Features for 500 Cedar Rd
General Information
Standard status
Active
Size
5,525 SF
Property subtype
Retail, Office
Building Details
Building Size
14,760 SF
Tenancy
Multiple
Spaces For Lease
at 500 Cedar Rd Contact us- Type
- Office, Retail
- Lease Type
- NNN
- Availability
- Active
Building 1
- Size
- 5,525 SF
- Type
- Office, Retail
- Lease Type
- NNN
- Availability
- Active
Building 2
Listing Agency:
Parker Burnell Real Estate Group
Listed By:
Troy Parker · License #0225036218
(757) 407-9499
Source:
Crexi
Added: Oct 28, 2022
Changed: Aug 8
Last Checked: Sep 2 at 9:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parker Burnell Real Estate Group
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.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 23322, VA
66,994
Population
22,386
Households
3
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
187.8 sq mi
ZIP Area
357
Density / Sq Mi
$133,522
Median Household Income
$55,549
Median Earnings
$1,870
Median Rent
$448,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
