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Property profile & analytics
OFF-MARKET
Land

26ac Johnstown Rd Chesapeake, VA 23322

26.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 26.5-acre commercial land parcel is situated on Johnstown Road in Chesapeake, Virginia, zip code 23322. Priced at $1,500,000, this wooded lot presents a significant development opportunity. The property boasts a substantial 1,155,124 square feet of land, ideal for a variety of commercial projects. Its location in the highly sought-after South Chesapeake area offers excellent access to existing infrastructure and benefits from the ongoing growth and development in the region. This is a rare chance to acquire a large, well-positioned tract of land, perfect for investors seeking to capitalize on the burgeoning commercial real estate market in this dynamic area of Virginia. The property's size and location make it suitable for a wide range of commercial ventures. Serious inquiries are encouraged to explore the potential of this remarkable property. The latitude and longitude coordinates are 36.6723882, -76.2573648 respectively. This is a truly unique opportunity to secure a substantial land holding in a rapidly developing area.

Property profile
Verified
Property type Land
Lot 26.5 ac (1,154,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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