Technical
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Property profile

1580 Crossways Blvd Chesapeake, VA 23320

OFF-MARKET
Retail properties & Spaces
10,478 SF
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Property summary

AI-generated overview

This exceptional 10,478 square foot retail property, located at 1580 Crossways Boulevard in Chesapeake, Virginia, presents a unique investment opportunity. Currently configured as a multi-tenant space, a significant portion (2,126 square feet) is immediately available for lease. The building boasts ample parking, a significant advantage in this high-traffic area. The property's former use as a bank provides a solid foundation for a variety of retail businesses. Its strategic location in the heart of Chesapeake, directly off Greenbrier Parkway on Crossways Boulevard, offers unparalleled visibility and accessibility. The surrounding area is anchored by a strong mix of national retailers, including Target, Bed Bath & Beyond, Best Buy, Total Wine, Macy's, and Dillards, ensuring high foot traffic and brand synergy. The property's convenient access to Interstate 64 further enhances its appeal, placing it within easy reach of Chesapeake, Norfolk, Portsmouth, and Virginia Beach. This prime retail space is ideal for businesses seeking a high-visibility location with excellent access and ample parking in a thriving retail corridor. The available 2,126 square feet offers a flexible layout adaptable to various retail concepts. Norfolk County location and 23320 zip code.

Property profile

Verified
Property type Retail properties & Spaces
Total area 10,478 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Hair Salon Nail Salon
  • Gym & Fitness Center
  • Tattoo & Piercing Shop
  • Cosmetic Store

Location

1580 Crossways Blvd Chesapeake, VA 23320
Chesapeake metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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