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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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    David G Lawrence · 10 yrs held
    David G Lawrence
    since 2016
    1 recorded transaction
    2016
    Zoning & alternative use
    B1: NEIGHBORHOOD BUSINESS · Chesapeake, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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