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    Property profile & analytics

    128 George Washington Hwy Chesapeake, VA 23323

    • Commercial land
    • 2,662 SF
    • 1.24 lot acres
    For Sale
    View listing
    $350,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-1247993
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 128 George Washington Hwy

    Year built
    1931
    Lot size
    1.24 lot acres
    Property size
    2,662 SF
    Zone code
    B1: NEIGHBORHOOD BUSINESS
    Property type
    Commercial land
    APN
    340000000080
    APU
    340000000080

    Description

    This exceptional 1.24-acre commercial property presents a unique investment opportunity in Chesapeake, Virginia. Strategically located directly across from the Crossings at Deep Creek shopping center, this lot boasts significant visibility and accessibility due to its frontage on George Washington Highway. The B-1 zoning allows for a wide range of commercial uses, making it ideal for businesses seeking high-traffic exposure. Beyond its prime location, this property offers a captivating waterfront aspect. The rear of the lot borders a historic and navigable canal, providing stunning views and potential for water-related activities or amenities. The substantial lot size provides ample space for development, allowing for flexibility in design and construction. This is a rare chance to acquire a commercial property with both high visibility and unique waterfront characteristics in a thriving Chesapeake location. The property's proximity to the established Crossings at Deep Creek shopping center ensures a strong customer base and convenient access to amenities. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land offering. The combination of highway frontage, canal access, and B-1 zoning makes this a truly exceptional investment opportunity. Don't miss this chance to secure a prime piece of Chesapeake real estate.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.3448
    Latitude
    36.7396
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $3,255
    $310,000
    $0.00
    $310,000
    -
    $310,000
    $0.00
    $310,000

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    Similar Nearby for Sale

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      Waterfront Land on George Washington

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    • Contact for pricing

      Available Commercial Outparcels For Sale

      Two outparcels available, anchored by Food Lion.
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    Chesapeake, VA 23323
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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
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