1324 Cedar Rd Chesapeake, VA 23322
For Sale
This exceptional 8.45-acre commercial land parcel presents a unique investment opportunity in Chesapeake, Virginia. Located at 1324 Cedar Road, this property boasts excellent visibility and accessibility. The O-I (Office Institutional) zoning allows for a variety of development options, making it suitable for a range of commercial projects. The site benefits from high traffic volume, with Cedar Road seeing over 26,000 vehicles per day, ensuring significant exposure for any development. Its strategic location offers close proximity to Chesapeake City Hall, less than five miles from the I-64/I-464 interchange, providing easy access to major transportation arteries. The property is further enhanced by its adjacency to a Class A senior housing facility and is surrounded by a dense residential population, creating a strong potential customer base. The 23322 zip code offers a desirable location within Chesapeake County. This vacant land presents a compelling opportunity for developers seeking a high-traffic, well-located site in a thriving community. The substantial lot size provides ample space for a significant development project, catering to a variety of commercial needs. Serious inquiries are encouraged to explore the potential of this remarkable property.
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Commonwealth Senior Living at Cedar Manor Community Center
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
O-I: OFFICE & INSTITUTION · 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.