601 Volvo Pkwy Chesapeake, VA 23320
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 601 Volvo Pkwy
- Year built
- 2023
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional retail opportunity presents 8,267 square feet of vacant space within the new Volvo Place at the Summit development in Chesapeake, Virginia. Located at 601 Volvo Parkway, this 2023-built property offers multiple spaces ranging from 1,400 to 5,836 contiguous square feet, ideal for a variety of retail uses. The development comprises five single-story buildings totaling approximately 43,500 square feet, situated on a 5.36-acre lot within the Greenbrier submarket. Building A offers approximately 2,506 square feet, while Building G provides approximately 2,431 square feet and includes drive-thru capabilities. Buildings C, D, and E are currently fully leased. The property boasts excellent visibility along Volvo Parkway, a major thoroughfare with over 25,000 vehicles per day. Its strategic location directly across from the Summit Pointe mixed-use project, a $300 million development encompassing 1,000,000 square feet of office space and 1,400 residential units, ensures high foot traffic and significant consumer exposure. This prime location offers unparalleled access to a dense and affluent residential population, making it an exceptional investment opportunity for discerning retail businesses.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chesapeake
- County
- Chesapeake City
- State
- Virginia
- Longitude
- -76.2392
- Latitude
- 36.767
