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    1324 Cedar Rd Chesapeake, VA 23322

    Sponsored
    For Sale
    Contact for pricing

    Prime Chesapeake commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8.45-acre commercial land parcel presents a unique investment opportunity in Chesapeake, Virginia. Located at 1324 Cedar Road, this property boasts excellent visibility and accessibility. The O-I (Office Institutional) zoning allows for a variety of development options, making it suitable for a range of commercial projects. The site benefits from high traffic volume, with Cedar Road seeing over 26,000 vehicles per day, ensuring significant exposure for any development. Its strategic location offers close proximity to Chesapeake City Hall, less than five miles from the I-64/I-464 interchange, providing easy access to major transportation arteries. The property is further enhanced by its adjacency to a Class A senior housing facility and is surrounded by a dense residential population, creating a strong potential customer base. The 23322 zip code offers a desirable location within Chesapeake County. This vacant land presents a compelling opportunity for developers seeking a high-traffic, well-located site in a thriving community. The substantial lot size provides ample space for a significant development project, catering to a variety of commercial needs. Serious inquiries are encouraged to explore the potential of this remarkable property.

    Property Features for 1324 Cedar Rd

    General Information

    Property type
    Land
    Lot Size
    368,082 SF

    HighLights

    • 8.45‑acre vacant land parcel on Cedar Road, Chesapeake.
    • O‑i (Office Institutional) zoning.
    • Near Chesapeake City Hall.
    • Surrounded by dense residential development.
    • Excellent visibility and access on high‑traffic Cedar Road (26,000+ VPD).
    • Less than 5 miles from I‑64/I‑464 interchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commonwealth Senior Living ... Community Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake
    State
    Virginia
    Longitude
    -76.287844
    Latitude
    36.722002

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    FAQs

    What type of property is this?
    Land - Prime Chesapeake commercial land, ideal for development.
    Where is this land located?
    The property is located at 1324 Cedar Rd Chesapeake, VA.
    What are key features of this property?
    This property features: 8.45-acre vacant land parcel on Cedar Road, Chesapeake.; O-i (Office Institutional) zoning.; Near Chesapeake City Hall.
    (757) 627-8611
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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
    1324 Cedar Rd Chesapeake, VA 23322
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