1205 Bainbridge Blvd Chesapeake, VA 23324-2328
This exceptional investment opportunity presents a fully occupied mixed-use building located at 1205-1207 Bainbridge Boulevard in Chesapeake, Virginia. The property sits on a 0.16-acre lot and comprises a ground-floor commercial space currently leased to a stable tenant, and three residential units on the upper floors. All units are currently occupied, providing immediate and consistent income generation. The building is well-maintained and boasts a strong rental history, demonstrating its appeal and profitability. Ample parking is available on the side and rear of the building, providing convenient access for both commercial tenants and residential occupants. Its strategic location near major interstates offers easy access to Downtown Norfolk, a significant advantage for both commercial operations and residential living. The proximity to shopping, dining, and business centers further enhances the property's desirability and potential for continued strong rental income. This property represents a rare opportunity to acquire a stable, income-producing asset in a high-demand area, making it an ideal addition to any investment portfolio. The asking price is $485,000.
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Buyrn & Crook Law Firm
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Sassy Beauty Bar Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2: GENERAL BUSINESS · Chesapeake, VAChesapeake. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.