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Property profile & analytics
FOR LEASE
Retail space

1080 George Washington Hwy N Chesapeake, VA 23323

2,209 SF 0.78 ac lot Built 1970
Individually Owned 10-yr Hold Free & Clear
Property ID
US87-0996139
Property summary
AI-generated overview

This exceptional 2,100 square foot retail space is ideally situated at the signalized intersection of George Washington Highway and Gilmerton Road in Chesapeake, Virginia. The property offers a single-tenant occupancy, providing a blank canvas for your business. With a total of 2,100 square feet of vacant space, this property presents a significant opportunity for a variety of retail ventures. Its prime location offers excellent visibility and accessibility, benefiting from high traffic counts due to its strategic corner placement. The property's proximity to major roadways, including I-265, I-64, and Route 460, ensures convenient access for customers and employees alike. This makes it an attractive location for businesses seeking easy access to a wide customer base. The property is located in Cavan County, Virginia, with a zip code of 23323. The building is classified as commercial retail and is available for immediate lease. This is a rare opportunity to establish a business in a high-traffic area with excellent visibility and convenient access to major transportation routes. The property's size and location make it suitable for a wide range of retail uses. Interested parties are encouraged to inquire further to explore this promising commercial real estate opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Total area 2,209 SF
Lot 0.78 ac (33,890 SF)
Zoning code B1: NEIGHBORHOOD BUSINESS
APN 251001000071
UPID US87-0996139
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
Current use
Occupant on record · Public records
  • Grace Entwined Ministries Church
  • Ledman Lagoons and Ponds Hardware & Home Improvement Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k
Owner & transaction history
David G Lawrence · 10 yrs held
David G Lawrence
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
B1: NEIGHBORHOOD BUSINESS · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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